Is 38571, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 38571 was a Seller's Market.
Housing Prices in 38571, TN
How much do homes in 38571, TN cost?
Median Sold Price
$324,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 38571 was $324,000 in February 2024, up 8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $90K | -73.1% |
2 Bedrooms | $245K | $205K | -16.3% |
3 Bedrooms | $305K | $342.5K | +12.3% |
4 Bedrooms | $319K | $352.1K | +10.4% |
5+ Bedrooms | $535K | $475K | -11.2% |
Summary: 38571 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.1%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 11.2%.
Housing Supply in 38571, TN
How many homes are available in 38571, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
76 | 84 | +10.5% |
Summary: The 38571 real estate market had 84 homes for sale in February 2024, a 10.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 51 | 61 | +19.6% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 38571 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 decreased by 5.9%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 38571 in February 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 38571, TN
We’re sorry, we don't have information for this market at the moment