Is 38135, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 38135 was a Buyer's Market.
Key Takeaway
38135 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38135, TN
How much do homes in 38135, TN cost?
Median Sold Price
$300,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 38135 have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in 38135 was $300,000 in March 2024, down 2.6% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $107K | $217.9K | +103.6% |
| 3 Bedrooms | $247.5K | $265K | +7.1% |
| 4 Bedrooms | $369.7K | $334.9K | -9.4% |
| 5+ Bedrooms | $415K | $395K | -4.8% |
Summary: 38135 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 103.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in 38135, TN
How many homes are available in 38135, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 | 106 | +17.8% |
Summary: The 38135 real estate market had 106 homes for sale in March 2024, a 17.8% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 54 | 58 | +7.4% |
| 4 Bedrooms | 28 | 37 | +32.1% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 38135 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 100%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38135, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 38135 in March 2024, up by 28.6% month-over-month. Of the 26 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for 38135, TN
We’re sorry, we don't have information for this market at the moment
