Is 38107, 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, 38107 has remained a Buyer's Market.
Key Takeaway
38107 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38107, TN
How much do homes in 38107, TN cost?
Median Sold Price
$155,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38107 have sold for 25% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | - | N/A |
| 3 Bedrooms | $106K | $110K | +3.8% |
| 4 Bedrooms | $324.4K | $279K | -14.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38107 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 did not change, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes did not change.
Housing Supply in 38107, TN
How many homes are available in 38107, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 96 | +17.1% |
Summary: The 38107 real estate market had 96 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 49 | 57 | +16.3% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 38107 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 12.5%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38107, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 38107 in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for 38107, 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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