Is 38112, 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, 38112 was a Seller's Market.
Housing Prices in 38112, TN
How much do homes in 38112, TN cost?
Median Sold Price
$197,500
-
Based on all homes sold in February 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $110K | $27.5K | -75.0% |
3 Bedrooms | $200K | $250K | +25.0% |
4 Bedrooms | $345K | $370K | +7.2% |
5+ Bedrooms | - | - | N/A |
Summary: 38112 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes did not change.
Housing Supply in 38112, TN
How many homes are available in 38112, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
79 | 83 | +5.1% |
Summary: The 38112 real estate market had 83 homes for sale in February 2024, a 5.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 22 | 22 | 0.0% |
3 Bedrooms | 36 | 36 | 0.0% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 38112 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 6 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 38112 in February 2024, down by 57.1% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 38112, TN
We’re sorry, we don't have information for this market at the moment