Is 38115, 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, 38115 was a Seller's Market.
Key Takeaway
38115 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 38115, TN
How much do homes in 38115, TN cost?
Median Sold Price
$128,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38115 have sold for 20% 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 | $163.5K | $103.7K | -36.5% |
| 3 Bedrooms | $159K | $132K | -17.0% |
| 4 Bedrooms | $131.5K | $156K | +18.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38115 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 36.5%, 3 bedroom homes decreased by 17%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes did not change.
Housing Supply in 38115, TN
How many homes are available in 38115, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 78 | +6.8% |
Summary: The 38115 real estate market had 78 homes for sale in March 2024, a 6.8% 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 | 17 | 20 | +17.6% |
| 3 Bedrooms | 43 | 40 | -7.0% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 38115 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 17.6%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38115, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 38115 in March 2024, down by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for 38115, TN
We’re sorry, we don't have information for this market at the moment
