Is 38053, 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, 38053 was a Seller's Market.
Housing Prices in 38053, TN
How much do homes in 38053, TN cost?
Median Sold Price
$297,995
-
Based on all homes sold in February 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $254K | $245K | -3.5% |
4 Bedrooms | $308.9K | $310.9K | +0.7% |
5+ Bedrooms | $445K | - | N/A |
Summary: 38053 housing prices by bedroom type for February 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 decreased by 3.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes did not change.
Housing Supply in 38053, TN
How many homes are available in 38053, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
103 | 125 | +21.4% |
Summary: The 38053 real estate market had 125 homes for sale in February 2024, a 21.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 55 | 65 | +18.2% |
4 Bedrooms | 33 | 43 | +30.3% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 38053 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 38053 in February 2024, down by 11.1% month-over-month. Of the 16 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.
Days on Market for 38053, TN
We’re sorry, we don't have information for this market at the moment