Is 38551, 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, 38551 was a Seller's Market.
Housing Prices in 38551, TN
How much do homes in 38551, TN cost?
Median Sold Price
$339,900
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 38551 was $339,900 in April 2024, up 9.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $345K | N/A |
2 Bedrooms | $80K | $215K | +168.8% |
3 Bedrooms | $250K | $339.9K | +36.0% |
4 Bedrooms | $367.7K | - | N/A |
5+ Bedrooms | $470K | - | N/A |
Summary: 38551 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 168.8%, 3 bedroom homes increased by 36%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 38551, TN
How many homes are available in 38551, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Summary: The 38551 real estate market had 19 homes for sale in April 2024, a 9.5% 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 | 4 | 6 | +50.0% |
3 Bedrooms | 15 | 9 | -40.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 38551 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 increased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 38551 in April 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 38551, TN
How long does it take to sell a home in 38551, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 118 Days | +402.1% |
Summary: Homes in 38551 had an average of 118 days on market in Apr 2024, up by 402.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in 38551; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.