37221, Nashville, TN Homes for Sale

37221, Nashville, TN Property Listings
June 16, 2024
825
Listed
72
Avg. DOM
$272.07
Avg. $ / Sq.Ft.
$506,000
Med. List Price
825 Properties
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Introduction to Nashville's 37221 Real Estate Market

Nashville TN Homes 37221

Delving into the vibrant real estate market of Nashville's 37221 ZIP code, it's evident that this area is a dynamic blend of modern living and southern charm. Recent trends show a promising outlook for both buyers and sellers. As of November 2023, the median listing home price in 37221 stands at an impressive $528K, marking a 2.5% rise year-over-year. The price per square foot, a crucial indicator of market value, hovers around $254, giving a clear picture of what buyers can expect in terms of investment.

For those curious about the pace of the market, homes here are not lingering for long. The average property spends about 41 days on the market, which is slightly up from the previous year but still indicates a healthy, active market. This tempo reflects a nuanced balance, suggesting 37221 is currently a buyer's market. This means there's a greater supply of homes than demand, giving potential buyers a variety of options to choose from.

Market Highlights and Key Takeaways

  • Median Listing Price: $528K
  • Price/Sq Ft: $254
  • Median Days on Market: 41 days
  • Current Market Status: Buyer's Market

Recent Sales Insights in 37221

Digging deeper into the sales data, we find that homes in 37221 have been fetching competitive prices. For instance, a property at 320 Old Hickory Blvd Apt 3008 sold for $450,000 with features like 3 beds, 2.5 baths, and a total area of 2,166 sq ft. Meanwhile, another home at 8925 Sawyer Brown Rd, encapsulating 3 beds and 2 baths within a 2,178 sq ft layout, also sold for $450,000.

What's intriguing is the sale-to-list price ratio in this ZIP code. Homes have been selling for about 1.56% below the asking price on average. This slight dip under the listing price is a key indicator for buyers, hinting at potential negotiation room in their property pursuits. However, it's also a signal for sellers to price their homes realistically to attract serious offers.

Snapshot of Recent Sales

  • 320 Old Hickory Blvd Apt 3008: Sold for $450,000 (3 beds, 2.5 baths, 2,166 sq ft)
  • 8925 Sawyer Brown Rd: Sold for $450,000 (3 beds, 2 baths, 2,178 sq ft)
  • Sale-to-List Price Ratio: Homes selling 1.56% below asking price on average

Understanding Home Values and Pricing Trends

37221 Nashville TN Homes

When it comes to real estate, numbers tell a story, and in Nashville's 37221, the story is quite fascinating. A closer look at the home values reveals a dynamic market. The median listing home price here is around $528K, providing a range that appeals to a variety of homebuyers, from first-time purchasers to seasoned investors. Equally important is the price per square foot, currently averaging $254, offering a practical gauge for comparing property values.

It's interesting to note the evolution of these prices. Over the past year, we've seen a steady increase, indicative of a robust and growing market. This trend is crucial for potential buyers and sellers as it gives an insight into the market’s health and future prospects. Whether you're looking for a cozy family home or a more upscale property, understanding these trends can help you make a well-informed decision.

Key Pricing Insights

  • Median Listing Home Price: $528K
  • Median Price per Square Foot: $254
  • Year-Over-Year Price Trend: Steady Increase

Local Schools and Education Quality

For many, the quality of local schools is a top priority when house hunting, and 37221 doesn't disappoint. The area is served by several highly-rated schools, making it an attractive option for families. Harpeth Valley Elementary, with its 8/10 GreatSchools Rating, stands out as a beacon of quality education for younger children. Following closely are Grassland Elementary and Percy Priest Elementary, both offering excellent academic and extracurricular programs.

But it's not just about the elementary schools. The middle and high schools in the area also boast strong academic records. Bellevue Middle School and John T. Moore Middle School are known for their dedicated staff and well-rounded education, preparing students for the challenges of high school and beyond. For those considering private education, the area offers several reputable options, catering to a range of educational philosophies and approaches.

Top Schools in the Area

  • Harpeth Valley Elementary School (8/10 GreatSchools Rating)
  • Grassland Elementary School (7/10 GreatSchools Rating)
  • Percy Priest Elementary School (8/10 GreatSchools Rating)
  • Bellevue Middle School (4/10 GreatSchools Rating)
  • John T. Moore Middle School (6/10 GreatSchools Rating)

Area Amenities and Lifestyle

Nashville TN Homes

Nashville's 37221 is more than just a zip code - it's a community rich in amenities and a vibrant lifestyle. Here, residents enjoy access to numerous grocery stores, including popular spots like Sperry's Mercantile and Sprouts Farmers Market, ensuring your pantry is never empty. For those who love to dine out, the area boasts an array of cafes and restaurants, offering everything from casual bites to fine dining experiences.

But it's not all about food. The lifestyle here caters to a variety of interests. Whether you're into morning jogs, weekend hikes, or leisurely strolls, the local parks and gyms provide the perfect backdrop for your fitness and outdoor activities. And for the social butterflies, the community's vibrant array of cafes and restaurants are great places to meet up with friends and family.

Local Hotspots and Activities

  • Sperry's Mercantile and Sprouts Farmers Market for grocery shopping
  • A variety of cafes and restaurants for all taste preferences
  • Local parks and gyms for fitness and outdoor activities

Housing Market Dynamics: Inventory and Demand

When it comes to the housing market in 37221, understanding the inventory and demand is key. Currently, the area features a diverse range of properties, from quaint 3-bedroom homes to more spacious 4-bedroom options. These homes showcase a mix of architectural styles, reflecting the area's rich history and contemporary growth. You'll find charming bungalows nestled alongside modern townhouses, offering something for every taste and need.

The demand dynamics in 37221 are as interesting as its property variety. With the market currently leaning towards buyers, there's an ample supply of homes. This gives potential buyers the advantage of choice and bargaining power. For sellers, it means pricing homes competitively and ensuring they stand out in the market is crucial.

Property Types and Market Trends

  • Diverse property range including 3 and 4-bedroom homes
  • Mix of architectural styles from historic bungalows to modern townhouses
  • Current market trend favoring buyers with ample supply

Architectural Styles and Property Types in 37221

Exploring the architectural landscape of 37221, Nashville, is like taking a walk through a gallery of varied and rich designs. This area showcases an eclectic mix of architectural styles, reflecting its diverse history and modern growth. You'll encounter everything from classic Victorian homes, exuding old-world charm, to sleek, contemporary constructions that speak to the area's ongoing development. The age of homes in this zip code varies widely, offering a glimpse into Nashville's past and its present.

Property types in 37221 range from cozy, single-story bungalows perfect for first-time homeowners, to expansive multi-story houses ideal for growing families. Many of these homes boast modern upgrades and amenities, such as renovated kitchens, landscaped gardens, and energy-efficient systems. Whether you're looking for a home with historical character or a modern abode with the latest features, 37221 has something to suit every preference and lifestyle.

Diverse Housing Options

  • Variety of architectural styles including Victorian and contemporary
  • Range of property types from bungalows to multi-story houses
  • Upgrades and amenities like renovated kitchens and landscaped gardens

Environmental and Climate Considerations for Homebuyers

When considering a home in 37221, it's important to factor in environmental and climate considerations. This area faces a range of natural hazards and environmental risks that can impact homes. For instance, about 16% of properties in 37221 are at risk of severe flooding over the next 30 years, a factor to be mindful of when selecting a location.

Wildfire risks are also present, albeit minor, affecting about 61% of properties. And when it comes to wind, the entire 37221 area faces a moderate risk of severe wind events, including hurricanes. These factors are crucial when considering insurance options and planning for long-term property safety and maintenance.

Navigating Environmental Risks

  • Flood risk: 16% of properties at risk of severe flooding
  • Wildfire risk: 61% of properties with some risk of wildfire
  • Wind risk: 100% of properties at moderate risk of severe wind events

Investment Opportunities and Foreclosure Market

For those eyeing investment opportunities in Nashville's 37221, there's much to consider. The area presents a diverse range of properties, including traditional sales, foreclosures, and potentially high-value investments. Foreclosures, while a small percentage of the market, offer a unique opportunity for savvy investors looking for properties below market value. With Nashville's robust growth, investing in 37221 could be a smart move, whether you're looking to flip properties, rent them out, or hold onto them for long-term value appreciation.

Foreclosure Insights

  • Range of investment opportunities including traditional sales and foreclosures
  • Foreclosures present unique opportunities for below-market-value purchases

Navigating the 37221 Real Estate Market: Tips and Strategies

Whether you're a first-time homebuyer or a seasoned investor, navigating the 37221 real estate market requires knowledge and strategy. Given the diverse range of properties and current market dynamics, it's important to stay informed and work with experienced real estate professionals. Understanding the local market trends, school districts, and neighborhood amenities can greatly influence your buying decisions. Additionally, considering environmental risks like flooding and wind damage is crucial for long-term investment security.

Effective Market Navigation

  • Stay informed about market trends and property types in 37221
  • Consult with real estate professionals for expert advice and insights
  • Consider environmental risks for long-term property investment

In summary, Nashville's 37221 zip code is a dynamic real estate market offering a variety of opportunities for homebuyers and investors. From understanding home values and pricing trends, assessing local schools and amenities, to navigating the housing market dynamics and environmental considerations, this guide provides a comprehensive overview for anyone interested in this vibrant community. With a mix of architectural styles, investment opportunities, and thoughtful tips for navigating the market, 37221 stands out as an attractive option for those looking to make their mark in Nashville's real estate scene.