Is 38063, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 38063 has remained a Buyer's Market.
Key Takeaway
38063 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38063, TN
How much do homes in 38063, TN cost?
Median Sold Price
$151,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 38063 have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in 38063 was $151,000 in April 2024, down 4.4% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $570K | N/A |
| 2 Bedrooms | $80.9K | $71.5K | -11.7% |
| 3 Bedrooms | $165.5K | $150K | -9.4% |
| 4 Bedrooms | $178.7K | $179.9K | +0.6% |
| 5+ Bedrooms | - | $280K | N/A |
Summary: 38063 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.7%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes did not change.
Housing Supply in 38063, TN
How many homes are available in 38063, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 55 | +25.0% |
Summary: The 38063 real estate market had 55 homes for sale in April 2024, a 25.0% increase 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 25 | 30 | +20.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 38063 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 increased by 16.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38063, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 38063 in April 2024, down by 63.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 38063, TN
We’re sorry, we don't have information for this market at the moment
