Is 38106, 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, 38106 has remained a Buyer's Market.
Housing Prices in 38106, TN
How much do homes in 38106, TN cost?
Median Sold Price
$53,500
-
Based on all homes sold in March 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $44.5K | N/A |
2 Bedrooms | $63K | $61K | -3.2% |
3 Bedrooms | $77K | $65K | -15.6% |
4 Bedrooms | $105K | $45K | -57.1% |
5+ Bedrooms | - | - | N/A |
Summary: 38106 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 3.2%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes did not change.
Housing Supply in 38106, TN
How many homes are available in 38106, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 120 | +13.2% |
Summary: The 38106 real estate market had 120 homes for sale in March 2024, a 13.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 35 | 41 | +17.1% |
3 Bedrooms | 52 | 59 | +13.5% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 38106 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 increased by 17.1%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 38106 in March 2024, up by 33.3% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.
Days on Market for 38106, TN
We’re sorry, we don't have information for this market at the moment