Is 38372, 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, 38372 has remained a Buyer's Market.
Key Takeaway
38372 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38372, TN
How much do homes in 38372, TN cost?
Median Sold Price
$168,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38372 have sold for 36.6% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $106.2K | N/A |
| 2 Bedrooms | $240K | $145K | -39.6% |
| 3 Bedrooms | $229.9K | $195K | -15.2% |
| 4 Bedrooms | $635K | $235K | -63.0% |
| 5+ Bedrooms | $270K | - | N/A |
Summary: 38372 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 decreased by 39.6%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 63%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38361 | $242K | $405K | +67.4% |
| 38372 | $265K | $168K | -36.6% |
Housing Supply in 38372, TN
How many homes are available in 38372, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 125 | 133 | +6.4% |
Summary: The 38372 real estate market had 133 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 69 | 72 | +4.3% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 38372 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 26.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38372, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 38372 in March 2024, the same as the previous month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.
Days on Market for 38372, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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