Is 38468, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 38468 was a Neutral Market.
Key Takeaway
38468 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38468, TN
How much do homes in 38468, TN cost?
Median Sold Price
$253,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 38468 have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in 38468 was $253,500 in April 2024, down 10.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $325K | $182.4K | -43.9% |
| 3 Bedrooms | $275.4K | $280K | +1.7% |
| 4 Bedrooms | $495K | $364K | -26.5% |
| 5+ Bedrooms | $392K | - | N/A |
Summary: 38468 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 decreased by 43.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38469 | $245K | $260K | +6.1% |
| 38468 | $284.4K | $253.5K | -10.9% |
Housing Supply in 38468, TN
How many homes are available in 38468, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The 38468 real estate market had 28 homes for sale in April 2024, a 6.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 38468 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38468, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 38468 in April 2024, up by 100.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for 38468, TN
How long does it take to sell a home in 38468, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 43 Days | -28.3% |
Summary: Homes in 38468 had an average of 43 days on market in Apr 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 38468 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in 38468; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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.