37130, Murfreesboro, TN Homes for Sale
Introduction to Murfreesboro, TN 37130 Real Estate Market
Have you ever wondered what makes Murfreesboro, TN, particularly the 37130 zip code, such a buzzing place in the real estate world? It's not just about the charm of Tennessee; it’s about the unique blend of suburban feel, thriving job market, and an increasing demand for homes that makes Murfreesboro stand out. As we take a closer look, you’ll find that this area offers a variety of housing options suitable for different lifestyles and budgets.
Overview of the Current Housing Market in Murfreesboro, TN
As of late 2023, Murfreesboro’s real estate market has been riding a wave of steady growth. Median home prices have been climbing, reflecting the burgeoning demand for properties here. The city, known for its rich history and vibrant community life, is drawing in families and professionals alike. What’s notable is the blend of historic homes with modern amenities, giving homebuyers a plethora of choices when it comes to finding their dream home.
Highlighting Recent Trends and Market Dynamics
Recent trends show a significant interest in spacious single-family homes, reflecting the desire for more room and comfort. This trend goes hand in hand with the growing popularity of outdoor spaces, home offices, and upgraded features in homes. The market dynamics are also influenced by Murfreesboro’s proximity to Nashville, making it a desirable location for those who seek a quieter residence while still being close to a major urban center.
Current Market Prices and Trends in Murfreesboro
Now, let’s dive into the numbers that paint a clear picture of Murfreesboro’s real estate scene. Understanding these figures will give you an edge, whether you're planning to buy or sell in this area.
Discussing Median Home Prices in Murfreesboro and Their Comparison with State Averages
In the heart of Murfreesboro, the median home price recently stood at around $299,200, marking a 7.8% increase from the previous year. This price point is slightly under the state average, making Murfreesboro an attractive option for those looking for affordability without compromising on quality or location. These homes range from quaint, historic buildings to new, modern constructions, offering something for every taste and budget.
Year-over-Year Price Changes and Market Trends
The year-over-year increase in home prices is a testament to Murfreesboro's growing appeal. This upswing is not just about the numbers; it reflects a deeper trend of people seeking a blend of suburban tranquility and urban convenience. The rise in prices also indicates a healthy and competitive market, with homes often selling close to or even above the asking price, especially in popular neighborhoods.
Housing Supply Dynamics in Murfreesboro
The housing supply in Murfreesboro, particularly in the 37130 area, plays a significant role in shaping the real estate market. Let's take a look at how the availability of homes influences buyer decisions and market trends.
Analysis of Home Availability and Inventory in the 37130 Area
In recent times, the inventory of homes in Murfreesboro has shown a slight decrease. This drop in availability has a direct impact on the housing market, making it slightly more competitive for buyers. However, the variety of homes available, from charming bungalows to spacious modern constructions, ensures that there’s something for every buyer. Properties range in size, with many offering ample yard space – a desirable feature for families and outdoor enthusiasts.
Monthly Supply Statistics and What it Means for Buyers and Sellers
With a current average supply of around 4 months, Murfreesboro's housing market maintains a balance between demand and supply. This statistic means that if no new homes were listed, it would take about four months for all available homes to be sold, assuming the current pace of sales. This balance creates a healthy environment where neither buyers nor sellers have a distinct advantage, making for fair negotiations and stable prices.
Market Competitiveness in Murfreesboro
Understanding the level of competition in the housing market is crucial for both potential buyers and sellers. Here’s a snapshot of how competitive the Murfreesboro housing market is, especially in the 37130 zip code.
Evaluating How Competitive the 37130 Market Is
Murfreesboro’s real estate market is moderately competitive. Homes in high demand often receive multiple offers, some with waived contingencies. The average home sells for about 2% below the listing price but can go pending in around 42 days. For “hot” homes – those that are highly sought-after – they can sell for around the listing price and go pending in as few as 16 days.
Percentages of Homes Sold Above List Price and Average Days on Market
Around 19.4% of homes in Tennessee, including Murfreesboro, were sold above the list price as of late 2023. This figure reflects the competitive nature of the market, with buyers willing to pay more for homes that meet their needs and preferences. The average days on market for homes in Murfreesboro is a clear indicator of the market's health and speed. Homes in popular neighborhoods and those that are priced competitively tend to sell faster.
Murfreesboro’s Most Sought-After Home Types
Murfreesboro, particularly in the 37130 area, offers a rich tapestry of home styles catering to diverse preferences. Whether you're a first-time homebuyer or looking to upgrade, there's something here for you.
Detailed Breakdown of Popular Home Types in Murfreesboro
The real estate market here features a variety of single-family homes, including ranch-style, split-level, and contemporary homes. Each type comes with its unique architectural features and designs. For instance, ranch-style homes are known for their single-story, open-plan layout, while split-level homes offer distinct levels for living and sleeping areas. Contemporary homes, on the other hand, are sought after for their modern aesthetics and amenities.
Current Market Trends and Price Ranges for These Home Types
Currently, the Murfreesboro market, especially in 37130, is showing a preference for homes with 3-4 bedrooms, most of which were constructed in the last 20 years. As of October 2023, the median home price in Murfreesboro is around $399,900, indicating a slight decrease from the previous year. The price range varies significantly, offering options for various budgets. From affordable starter homes to more luxurious, spacious properties, the market caters to a wide range of financial capabilities.
Architectural Styles and Home Features in Murfreesboro Homes
Murfreesboro is not just a place to live; it's a community that offers homes that blend style, comfort, and functionality. Let's explore the architectural styles and features that make homes here special.
Overview of Common Architectural Styles and Designs in the Area
The architectural styles in Murfreesboro range from classic to modern. Homes here often feature brick or Hardie Board exteriors, with some properties boasting large, vaulted porches. You'll find homes with spacious sunrooms, expansive windows, and large fenced backyards. The finishes, such as crown molding and hardwood floors, add character and elegance to these homes.
Prevalent Home Features, Upgrades, and Amenities
When it comes to features, Murfreesboro homes do not disappoint. Many properties come with upgraded kitchens featuring quartz counters, glass tile backsplashes, and modern appliances. You can expect to find primary suites with luxurious bathrooms, including features like jetted tubs and separate showers. For those seeking outdoor living, many homes offer beautifully landscaped gardens, and some even come with acreage, perfect for equestrian enthusiasts or those who just love more space.
Real Estate Growth Predictions for Murfreesboro
Murfreesboro's real estate market, especially in the 37130 area, has been dynamic in recent times. Let's look at what the future might hold for this vibrant housing market.
Forecasted Growth in Home Prices and Market Trends for the Upcoming Year
Despite recent fluctuations, Murfreesboro's real estate market shows signs of continued interest and growth. The market remains moderately competitive, with some homes selling above the listing price. Recent trends suggest a steady demand for homes in the area, with a notable influx of people moving to Murfreesboro from various metropolitan areas. This continued interest is expected to sustain the market’s dynamism in the upcoming months.
Property Sizes and Square Footage Trends
The types of properties available in Murfreesboro vary, catering to different lifestyles and family sizes. Let's explore the trends in property sizes and square footage that are currently shaping the market.
Analyzing Trends in Property Sizes and Square Footage in Murfreesboro
Recent sales data shows a diverse range of property sizes in the 37130 area. From cozy 2-bedroom homes to more spacious 4-bedroom properties, the market caters to a variety of needs. Square footage ranges widely, reflecting the diversity in home styles and layouts. Homes with larger square footage often come with additional amenities and features, making them appealing to families looking for more space and comfort.
Average Sizes of Homes Sold and How This Reflects Buyer Preferences
The average size of homes sold in Murfreesboro indicates a preference for medium to large-sized homes. This trend aligns with the general desire for more living space, be it for growing families or for those seeking home offices and outdoor areas. The variety in sizes and layouts underscores Murfreesboro's appeal to a broad spectrum of buyers, each with their unique preferences and requirements.
Schools and Community Facilities in Murfreesboro
Murfreesboro, TN 37130, is not just about homes; it’s a community enriched with quality educational institutions and facilities that cater to the needs of its residents.
Highlighting Key Schools and Educational Facilities in the Area
The 37130 area boasts several top-ranked public schools, like Central Magnet School and Discovery School, known for their strong academic performances. For families considering private education, Providence Christian Academy and St. Rose Catholic School are among the top private schools in the area, offering diverse curricula and extracurricular activities. Murfreesboro City Schools is committed to meeting the needs of the whole child, with a focus on partnerships in learning between the school community and the community as a whole.
Discussion on Community Amenities and Their Impact on Real Estate Values
The community amenities in Murfreesboro significantly enhance the quality of life and, consequently, real estate values. Facilities like the Patterson Park Community Center, with its indoor pool, theater, and fitness equipment, provide residents with ample recreational opportunities. Such community centers not only serve as hubs for local activities but also add to the attractiveness of the neighborhood, positively impacting the real estate market.
What to Expect When Buying a Home in Murfreesboro
If you’re considering buying a home in Murfreesboro, TN 37130, expect a market that is diverse and dynamic, with a range of options to suit different preferences and budgets. From charming historic homes to modern constructions, the area offers something for everyone. The presence of quality schools and community facilities further adds to the area’s appeal, making it a great place to call home.
Overall, Murfreesboro, TN 37130, presents a vibrant real estate market characterized by a variety of home types, competitive prices, and a balanced supply and demand. The area's schools and community amenities add to its desirability, making it a sought-after location for families and individuals alike. Whether you are a first-time buyer or looking to upgrade, Murfreesboro offers a welcoming community with a home to fit your needs.