Is 38114, 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, 38114 was a Seller's Market.
Key Takeaway
38114 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38114, TN
How much do homes in 38114, TN cost?
Median Sold Price
$100,850
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38114 have sold for 49.4% 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 | $52K | $51.2K | -1.4% |
| 3 Bedrooms | $78.5K | $124.2K | +58.2% |
| 4 Bedrooms | $93.7K | $84.9K | -9.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38114 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 1.4%, 3 bedroom homes increased by 58.2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes did not change.
Housing Supply in 38114, TN
How many homes are available in 38114, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 | 122 | +6.1% |
Summary: The 38114 real estate market had 122 homes for sale in March 2024, a 6.1% 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 | 41 | 43 | +4.9% |
| 3 Bedrooms | 52 | 56 | +7.7% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 38114 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 4.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38114, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 38114 in March 2024, down by 30.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for 38114, 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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