Is 38125, 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, 38125 was a Seller's Market.
Key Takeaway
38125 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 38125, TN
How much do homes in 38125, TN cost?
Median Sold Price
$287,500
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38125 have sold for 0.9% 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 | - | - | N/A |
| 3 Bedrooms | $256K | $250K | -2.3% |
| 4 Bedrooms | $290K | $310K | +6.9% |
| 5+ Bedrooms | $400K | $399.9K | 0% |
Summary: 38125 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 did not change, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes did not change.
Housing Supply in 38125, TN
How many homes are available in 38125, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 | 101 | +12.2% |
Summary: The 38125 real estate market had 101 homes for sale in March 2024, a 12.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 39 | 51 | +30.8% |
| 4 Bedrooms | 39 | 35 | -10.3% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 38125 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 remained the same, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38125, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 38125 in March 2024, down by 25.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 38125, TN
We’re sorry, we don't have information for this market at the moment
