Is 38028, 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, 38028 was a Buyer's Market.
Housing Prices in 38028, TN
How much do homes in 38028, TN cost?
Median Sold Price
$652,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $330K | $610K | +84.8% |
4 Bedrooms | $707K | $720K | +1.8% |
5+ Bedrooms | $787.5K | $722.5K | -8.3% |
Summary: 38028 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 did not change, 3 bedroom homes increased by 84.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 8.3%.
Housing Supply in 38028, TN
How many homes are available in 38028, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 42 | +5.0% |
Summary: The 38028 real estate market had 42 homes for sale in March 2024, a 5.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The 38028 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 remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 38028 in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for 38028, TN
We’re sorry, we don't have information for this market at the moment