Housing market spotlight: Homes move fast in Murfreesboro's 37128
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.
Murfreesboro, which is about 35 miles southeast of downtown Nashville, encompasses seven ZIP codes, one of which is 37128, on the west side of I-24.
Largely residential with several new construction developments, the area that this ZIP code encompasses has nature spots including Barfield Crescent Park and Cason Trailhead, both of which are part of the Murfreesboro Greenway System.
A few miles outside this ZIP but within the city of Murfreesboro are the historic Oaklands Mansion, Middle Tennessee State University and Stones River National Battlefield.
By the numbers, here’s what’s going on in 37128 according to data from the Greater Nashville Association of Realtors.
Home prices rise
Year over year data show the median sales price of home in 37128 is rising. From Jan. 17, 2020 to Jan. 17, 2021, the median sales price was $305,000. Last year, from Jan. 17, 2021 to Jan. 17, 2022, the median sales price was $372,400.
Home closings dip a bit
From 2020-2021, home buyers closed on 2,496 homes in 37128. Last year, home buyers closed on 2,366 homes. Current inventory is 68 homes.
Homes sell fast
Homes spent an average of 26 days on the market during the Jan. 17, 2020-Jan. 17, 2021 period. Last year, homes moved even quicker, spending just 18 days on the market.
This article originally appeared on Nashville Tennessean: Housing market spotlight: Homes move fast in Murfreesboro's 37128
