Is 38363, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 38363 has remained a Seller's Market.
Key Takeaway
38363 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38363, TN
How much do homes in 38363, TN cost?
Median Sold Price
$198,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 38363 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 38363 was $198,000 in April 2024, up 10% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $149.5K | +24.6% |
| 3 Bedrooms | $185K | $191.5K | +3.5% |
| 4 Bedrooms | $195K | $379.3K | +94.5% |
| 5+ Bedrooms | $134K | $389.5K | +190.7% |
Summary: 38363 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 increased by 24.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 94.5%, and 5+ bedroom homes increased by 190.7%.
Median Sold Price Compared To Nearby Zip Codes
| 38329 | $173.5K | $192.8K | +11.1% |
| 38363 | $180K | $198K | +10.0% |
Housing Supply in 38363, TN
How many homes are available in 38363, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Summary: The 38363 real estate market had 15 homes for sale in April 2024, a 21.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 38363 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38363, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 38363 in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 38363, TN
How long does it take to sell a home in 38363, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 86 Days | 58 Days | -32.9% |
Summary: Homes in 38363 had an average of 58 days on market in Apr 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 38363 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 38363; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.