Is 38128, 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, 38128 was a Seller's Market.
Key Takeaway
38128 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38128, TN
How much do homes in 38128, TN cost?
Median Sold Price
$132,500
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38128 have sold for 6.1% more 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 | $60K | - | N/A |
| 3 Bedrooms | $124.9K | $136K | +8.9% |
| 4 Bedrooms | $197K | $138K | -29.9% |
| 5+ Bedrooms | - | $132.5K | N/A |
Summary: 38128 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 increased by 8.9%, 4 bedroom homes decreased by 29.9%, and 5+ bedroom homes did not change.
Housing Supply in 38128, TN
How many homes are available in 38128, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 96 | 131 | +36.5% |
Summary: The 38128 real estate market had 131 homes for sale in March 2024, a 36.5% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 66 | 94 | +42.4% |
| 4 Bedrooms | 23 | 29 | +26.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 38128 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 42.4%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38128, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 38128 in March 2024, the same as the previous month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% were sold over asking.
Days on Market for 38128, TN
We’re sorry, we don't have information for this market at the moment
