Is 38134, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 38134 has remained a Seller's Market.
Key Takeaway
38134 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38134, TN
How much do homes in 38134, TN cost?
Median Sold Price
$231,465
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 38134 have sold for 0.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $166K | N/A |
| 2 Bedrooms | $150K | $160K | +6.7% |
| 3 Bedrooms | $216.2K | $220K | +1.7% |
| 4 Bedrooms | $250.9K | $251.5K | 0.2% |
| 5+ Bedrooms | $252.5K | $298.8K | +18.3% |
Summary: 38134 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 18.3%.
Housing Supply in 38134, TN
How many homes are available in 38134, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 86 | +28.4% |
Summary: The 38134 real estate market had 86 homes for sale in April 2024, a 28.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 46 | 58 | +26.1% |
| 4 Bedrooms | 14 | 21 | +50.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 38134 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38134, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 38134 in April 2024, up by 21.4% month-over-month. Of the 17 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for 38134, TN
We’re sorry, we don't have information for this market at the moment
