Is 38118, 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, 38118 has remained a Seller's Market.
Housing Prices in 38118, TN
How much do homes in 38118, TN cost?
Median Sold Price
$115,950
-
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 | $96.5K | - | N/A |
3 Bedrooms | $111K | $110.9K | 0% |
4 Bedrooms | $147.5K | $223K | +51.2% |
5+ Bedrooms | - | $189K | N/A |
Summary: 38118 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 51.2%, and 5+ bedroom homes did not change.
Housing Supply in 38118, TN
How many homes are available in 38118, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
71 | 78 | +9.9% |
Summary: The 38118 real estate market had 78 homes for sale in February 2024, a 9.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 56 | 61 | +8.9% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 38118 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 increased by 20%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 18 | -18.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 38118 in February 2024, down by 18.2% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for 38118, TN
We’re sorry, we don't have information for this market at the moment