Is 38103, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 38103 was a Neutral Market.
Key Takeaway
38103 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38103, TN
How much do homes in 38103, TN cost?
Median Sold Price
$350,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 38103 have sold for 8.4% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242K | $212K | -12.4% |
| 2 Bedrooms | $353.5K | $330.2K | -6.6% |
| 3 Bedrooms | $392.3K | $435K | +10.9% |
| 4 Bedrooms | $837.5K | $544.9K | -34.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38103 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 34.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38104 | $329.5K | $305K | -7.4% |
| 38103 | $382K | $350K | -8.4% |
Housing Supply in 38103, TN
How many homes are available in 38103, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 124 | 137 | +10.5% |
Summary: The 38103 real estate market had 137 homes for sale in April 2024, a 10.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 22 | 0.0% |
| 2 Bedrooms | 49 | 53 | +8.2% |
| 3 Bedrooms | 37 | 43 | +16.2% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 38103 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 8.2%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38103, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 38103 in April 2024, down by 26.3% month-over-month. Of the 14 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% were sold over asking.
Days on Market for 38103, 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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