Is 38108, 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, 38108 has remained a Buyer's Market.
Key Takeaway
38108 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38108, TN
How much do homes in 38108, TN cost?
Median Sold Price
$85,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38108 have sold for 17.5% less 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 | $21K | $76K | +261.9% |
| 3 Bedrooms | $111.4K | $118K | +5.9% |
| 4 Bedrooms | $144K | $88.5K | -38.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38108 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 increased by 261.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes did not change.
Housing Supply in 38108, TN
How many homes are available in 38108, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 81 | +17.4% |
Summary: The 38108 real estate market had 81 homes for sale in March 2024, a 17.4% 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 | 23 | 25 | +8.7% |
| 3 Bedrooms | 35 | 42 | +20.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 38108 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 8.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
6 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 38108, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 38108 in March 2024, the same as the previous month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 38108, 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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