Housing market spotlight: See the trends in 37143, Pegram area

Every Sunday, The Tennessean highlights a different ZIP code, as we strive to inform readers and help them navigate Middle Tennessee’s real estate market.

The town of Pegram sits at the southern part of ZIP code 37143, with I-40 West and the Harpeth River at its southern end. Most of 37143 is in Cheatham County and portions of 37143 are also in Davidson County.

Lots of canoe and kayak spots are found here and in nearby Kingston Springs. One historic landmark is the Pegram Station Train Depot. Fiddle and Pick, home of the Musical Heritage Center of Middle Tennessee, teaches and holds lessons, group classes and jams.

By the numbers, here’s what’s going on in 37143 according to data from Greater Nashville Realtors.

Home prices rise

Year to date, median sales price of homes in 37143 are $415,250. That’s up 15% over last year at this time when median sales price was $360,000.

Homes sell slower

Homes spent an average of just 10 days on the market last year at this time. So far this year, homes are spending about 67 days on the market.

Closings steady

Home buyers closed on four homes so far this year. Last year by this time, home buyers had closed on six homes. Current inventory here is six homes.