Is 38555, 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, 38555 was a Seller's Market.
Housing Prices in 38555, TN
How much do homes in 38555, TN cost?
Median Sold Price
$285,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 38555 was $285,000 in March 2024, up 7.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $223.2K | $210K | -5.9% |
3 Bedrooms | $262K | $285K | +8.8% |
4 Bedrooms | $380K | $405K | +6.6% |
5+ Bedrooms | $625K | - | N/A |
Summary: 38555 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes did not change.
Housing Supply in 38555, TN
How many homes are available in 38555, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 111 | +19.4% |
Summary: The 38555 real estate market had 111 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 59 | 69 | +16.9% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 38555 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 14.3%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 38555 in March 2024, up by 175.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for 38555, TN
How long does it take to sell a home in 38555, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 39 Days | -40.0% |
Summary: Homes in 38555 had an average of 39 days on market in Mar 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 38555; 36% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.