Is 38119, 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, 38119 was a Seller's Market.
Key Takeaway
38119 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 38119, TN
How much do homes in 38119, TN cost?
Median Sold Price
$350,000
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 38119 have sold for 17.1% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172.5K | - | N/A |
| 3 Bedrooms | $251.5K | $264.8K | +5.3% |
| 4 Bedrooms | $417.5K | $457.4K | +9.6% |
| 5+ Bedrooms | - | $589K | N/A |
Summary: 38119 housing prices by bedroom type for April 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 increased by 5.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38115 | $130K | $183.5K | +41.2% |
| 38119 | $299K | $350K | +17.1% |
Housing Supply in 38119, TN
How many homes are available in 38119, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 107 | +11.5% |
Summary: The 38119 real estate market had 107 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 28 | 24 | -14.3% |
| 4 Bedrooms | 43 | 44 | +2.3% |
| 5+ Bedrooms | 15 | 24 | +60.0% |
Summary: The 38119 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38119, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 38119 in April 2024, down by 30.4% month-over-month. Of the 16 sold homes, 50% were sold under asking, 44% were sold at asking, and 6% were sold over asking.
Days on Market for 38119, TN
We’re sorry, we don't have information for this market at the moment
