Is 38058, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 38058 has remained a Buyer's Market.
Key Takeaway
38058 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38058, TN
How much do homes in 38058, TN cost?
Median Sold Price
$302,500
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 38058 have sold for 15% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $169.5K | N/A |
| 3 Bedrooms | $254.9K | $265K | +3.9% |
| 4 Bedrooms | $335K | $343.9K | +2.7% |
| 5+ Bedrooms | $257K | $449.9K | +75.1% |
Summary: 38058 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 75.1%.
Housing Supply in 38058, TN
How many homes are available in 38058, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 51 | +15.9% |
Summary: The 38058 real estate market had 51 homes for sale in March 2024, a 15.9% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 20 | 27 | +35.0% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 38058 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 35%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38058, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 38058 in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for 38058, 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.
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