Is 38464, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 38464 was a Seller's Market.
Key Takeaway
38464 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 38464, TN
How much do homes in 38464, TN cost?
Median Sold Price
$233,950
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 38464 has remained the same since last year.
Summary: The median home sold price in 38464 was $233,950 in March 2024, down 0.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.8K | $186.5K | +45.9% |
| 2 Bedrooms | $175K | $163K | -6.9% |
| 3 Bedrooms | $230K | $249K | +8.3% |
| 4 Bedrooms | $291K | $295K | +1.4% |
| 5+ Bedrooms | $350K | $375K | +7.1% |
Summary: 38464 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.9%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 38464, TN
How many homes are available in 38464, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 105 | 103 | -1.9% |
Summary: The 38464 real estate market had 103 homes for sale in March 2024, a 1.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 70 | 66 | -5.7% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 38464 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 remained the same, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38464, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 38464 in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 69% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for 38464, TN
How long does it take to sell a home in 38464, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 62 Days | +13.8% |
Summary: Homes in 38464 had an average of 62 days on market in Mar 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38464 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 38464; 44% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 31% 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.