Housing market spotlight: Check out the trends in 37216, Inglewood
Every Sunday, The Tennessean highlights a different ZIP code, as we strive to inform readers and help them navigate Middle Tennessee’s red hot real estate market.
Framed by the Cumberland River to the east and Gallatin Pike to the west, ZIP 37216, known as Inglewood in East Nashville, is 5 miles from downtown Nashville.
Inglewood is close to East Nashville’s most popular restaurants, bars, and cafes. Shelby Bottoms Greenway is 1,000-acre protected natural area has miles of walking, running, and biking trails on the banks of the Cumberland River.
By the numbers, here’s what’s going on in 37216 according to data from the Greater Nashville Association of Realtors.
Home prices rise
From Jan. 31, 2020 to Jan. 31, 2021, the median sales price of a home in 37216 was $360,000. By Jan. 31, 2022, that price rose to $445,000.
Homes sell quickly
Homes in 37216 spent an average of 23 days on the market during the period Jan. 31, 2020-Jan. 31, 2021. The following year during the same time period, homes spent an average of 26 days on the market.
Closings tick up
Despite the rise in home prices, home buyers closed on 702 homes from Jan. 31, 2021-Jan. 31, 2022. That’s up from 690 closings the previous year. Current inventory is 34 homes.
This article originally appeared on Nashville Tennessean: Housing market spotlight: Check out the trends in 37216, Inglewood
