Is 38221, 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, 38221 was a Neutral Market.
Housing Prices in 38221, TN
How much do homes in 38221, TN cost?
Median Sold Price
$150,000
$148/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 38221 was $150,000 in April 2024, down 64.1% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $112K | $150K | +33.9% |
3 Bedrooms | - | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $724K | - | N/A |
Summary: 38221 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
37175 | $250K | $520K | +108.0% |
38221 | $418K | $150K | -64.1% |
Housing Supply in 38221, TN
How many homes are available in 38221, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Summary: The 38221 real estate market had 12 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 38221 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 38221 in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 38221, TN
How long does it take to sell a home in 38221, TN?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 35 Days | +191.7% |
Summary: Homes in 38221 had an average of 35 days on market in Apr 2024, up by 191.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in 38221; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.