Is 38068, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 38068 has remained a Neutral Market.
Key Takeaway
38068 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 38068, TN
How much do homes in 38068, TN cost?
Median Sold Price
$337,990
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 38068 have sold for 49.9% more 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 | $134.9K | - | N/A |
| 3 Bedrooms | $165K | $235K | +42.4% |
| 4 Bedrooms | $395K | $340.9K | -13.7% |
| 5+ Bedrooms | $406K | - | N/A |
Summary: 38068 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 increased by 42.4%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38068 | $225.5K | $337.9K | +49.9% |
| 38057 | $266.2K | $70K | -73.7% |
Housing Supply in 38068, TN
How many homes are available in 38068, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 56 | +7.7% |
Summary: The 38068 real estate market had 56 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 38068 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38068, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 38068 in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 38068, TN
We’re sorry, we don't have information for this market at the moment
