Is 38127, 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, 38127 has remained a Buyer's Market.
Key Takeaway
38127 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38127, TN
How much do homes in 38127, TN cost?
Median Sold Price
$84,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38127 have sold for 3.7% 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 | $71.2K | $61K | -14.4% |
| 3 Bedrooms | $96.5K | $86K | -10.9% |
| 4 Bedrooms | $87K | $92.9K | +6.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38127 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 14.4%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes did not change.
Housing Supply in 38127, TN
How many homes are available in 38127, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 171 | 211 | +23.4% |
Summary: The 38127 real estate market had 211 homes for sale in March 2024, a 23.4% 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 | 28 | 32 | +14.3% |
| 3 Bedrooms | 118 | 153 | +29.7% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 38127 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 14.3%, 3 bedroom homes increased by 29.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 26 | +62.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38127, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 38127 in March 2024, up by 62.5% month-over-month. Of the 26 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for 38127, TN
We’re sorry, we don't have information for this market at the moment
