Is 38057, 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, 38057 was a Seller's Market.
Key Takeaway
38057 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38057, TN
How much do homes in 38057, TN cost?
Median Sold Price
$70,000
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 38057 have sold for 73.7% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $210K | $70K | -66.7% |
| 4 Bedrooms | $417.5K | - | N/A |
| 5+ Bedrooms | $945K | - | N/A |
Summary: 38057 housing prices by bedroom type for April 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 66.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 38057, TN
How many homes are available in 38057, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Summary: The 38057 real estate market had 10 homes for sale in April 2024, a 37.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 38057 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38057, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 38057 in April 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 38057, TN
We’re sorry, we don't have information for this market at the moment
