Is 38017, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 38017 was a Neutral Market.
Key Takeaway
38017 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38017, TN
How much do homes in 38017, TN cost?
Median Sold Price
$524,975
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38017 have sold for 1% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $403.5K | $353K | -12.5% |
| 3 Bedrooms | $335.5K | $400K | +19.2% |
| 4 Bedrooms | $474.9K | $500K | +5.3% |
| 5+ Bedrooms | $705K | $615K | -12.8% |
Summary: 38017 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 12.8%.
Housing Supply in 38017, TN
How many homes are available in 38017, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 246 | 309 | +25.6% |
Summary: The 38017 real estate market had 309 homes for sale in March 2024, a 25.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 50 | 66 | +32.0% |
| 4 Bedrooms | 113 | 138 | +22.1% |
| 5+ Bedrooms | 78 | 100 | +28.2% |
Summary: The 38017 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 28.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 64 | +77.8% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38017, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in 38017 in March 2024, up by 77.8% month-over-month. Of the 64 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% were sold over asking.
Days on Market for 38017, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.