Is 38104, 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, 38104 was a Seller's Market.
Key Takeaway
38104 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38104, TN
How much do homes in 38104, TN cost?
Median Sold Price
$343,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38104 have sold for 3.4% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96K | - | N/A |
| 2 Bedrooms | $220K | $195K | -11.4% |
| 3 Bedrooms | $380K | $380K | 0.0% |
| 4 Bedrooms | $382.5K | - | N/A |
| 5+ Bedrooms | $342K | - | N/A |
Summary: 38104 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38112 | $197.5K | $340K | +72.2% |
| 38104 | $355K | $343K | -3.4% |
Housing Supply in 38104, TN
How many homes are available in 38104, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 116 | 146 | +25.9% |
Summary: The 38104 real estate market had 146 homes for sale in March 2024, a 25.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 28 | 34 | +21.4% |
| 3 Bedrooms | 47 | 56 | +19.1% |
| 4 Bedrooms | 24 | 34 | +41.7% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The 38104 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38104, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 38104 in March 2024, down by 25.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 38104, TN
We’re sorry, we don't have information for this market at the moment
