Is 38138, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 38138 was a Buyer's Market.
Key Takeaway
38138 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38138, TN
How much do homes in 38138, TN cost?
Median Sold Price
$436,200
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 38138 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 38138 was $436,200 in April 2024, up 2.6% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $206K | N/A |
| 2 Bedrooms | $252.5K | $242K | -4.2% |
| 3 Bedrooms | $320K | $368.7K | +15.2% |
| 4 Bedrooms | $456.1K | $451K | -1.1% |
| 5+ Bedrooms | $675K | $598K | -11.4% |
Summary: 38138 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 decreased by 4.2%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Zip Codes
| 38138 | $425K | $436.2K | +2.6% |
| 38120 | $415K | $397K | -4.3% |
Housing Supply in 38138, TN
How many homes are available in 38138, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 130 | 153 | +17.7% |
Summary: The 38138 real estate market had 153 homes for sale in April 2024, a 17.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 29 | 31 | +6.9% |
| 4 Bedrooms | 59 | 70 | +18.6% |
| 5+ Bedrooms | 30 | 42 | +40.0% |
Summary: The 38138 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38138, you may be able to get a good deal. 57.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 38138 in April 2024, the same as the previous month. Of the 33 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for 38138, TN
We’re sorry, we don't have information for this market at the moment
