Is 38310, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38310 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 38310 was a Buyer's Market.

Key Takeaway

38310 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 38310, TN

How much do homes in 38310, TN cost?

Median Sold Price

$140,250

-

Based on all homes sold in March 2024.

Difference Since Last Month

+$8,000(+6.0%)

Key Takeaway

Homes in 38310 have sold for 6% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 -$130K
N/A
3 $132.2K$119.4K
-9.7%
4 -$200K
N/A
5+ -$212.1K
N/A

Summary: 38310 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 decreased by 9.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38361
+67.4%
38310
+6.0%

Housing Supply in 38310, TN

How many homes are available in 38310, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3340+21.2%

Summary: The 38310 real estate market had 40 homes for sale in March 2024, a 21.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2024
+20.0%
4 79
+28.6%
5+ 44
0.0%

Summary: The 38310 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 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
210+400.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38310, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 38310 in March 2024, up by 400.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.

Days on Market for 38310, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in 38310, TN

Nearby Markets to 38310, TN