Is 38558, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 38558 has remained a Seller's Market.
Housing Prices in 38558, TN
How much do homes in 38558, TN cost?
Median Sold Price
$370,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 38558 was $370,000 in February 2024, up 3.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $125K | 0.0% |
2 Bedrooms | $250K | $236K | -5.6% |
3 Bedrooms | $375K | $401.7K | +7.1% |
4 Bedrooms | $635K | $547.5K | -13.8% |
5+ Bedrooms | $742.2K | $227K | -69.4% |
Summary: 38558 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 69.4%.
Housing Supply in 38558, TN
How many homes are available in 38558, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
118 | 143 | +21.2% |
Summary: The 38558 real estate market had 143 homes for sale in February 2024, a 21.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 33 | 38 | +15.2% |
3 Bedrooms | 77 | 95 | +23.4% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 38558 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 27 | +50.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 38558 in February 2024, up by 50.0% month-over-month. Of the 27 sold homes, 74% were sold under asking, 22% were sold at asking, and 4% were sold over asking.
Days on Market for 38558, TN
We’re sorry, we don't have information for this market at the moment