Is 38139, 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, 38139 has remained a Seller's Market.
Key Takeaway
38139 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38139, TN
How much do homes in 38139, TN cost?
Median Sold Price
$577,500
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
The sold price of homes in 38139 has remained the same since last month.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $388.5K | $492.5K | +26.8% |
| 4 Bedrooms | $561K | $572K | +2.0% |
| 5+ Bedrooms | $577.5K | $1.2M | +123.7% |
Summary: 38139 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 26.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 123.7%.
Housing Supply in 38139, TN
How many homes are available in 38139, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 77 | +11.6% |
Summary: The 38139 real estate market had 77 homes for sale in March 2024, a 11.6% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 8 | 14 | +75.0% |
| 4 Bedrooms | 32 | 31 | -3.1% |
| 5+ Bedrooms | 29 | 31 | +6.9% |
Summary: The 38139 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 75%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38139, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 38139 in March 2024, down by 15.8% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 38139, TN
We’re sorry, we don't have information for this market at the moment
