Is 38572, 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, 38572 was a Seller's Market.
Housing Prices in 38572, TN
How much do homes in 38572, TN cost?
Median Sold Price
$280,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 38572 was $280,500 in March 2024, up 12.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85.9K | $95K | +10.6% |
2 Bedrooms | $250K | $275K | +10.0% |
3 Bedrooms | $250K | $312.5K | +25.0% |
4 Bedrooms | $350K | $353K | +0.9% |
5+ Bedrooms | - | $370K | N/A |
Summary: 38572 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes did not change.
Housing Supply in 38572, TN
How many homes are available in 38572, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 117 | +13.6% |
Summary: The 38572 real estate market had 117 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 13 | +8.3% |
2 Bedrooms | 42 | 53 | +26.2% |
3 Bedrooms | 41 | 43 | +4.9% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 38572 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 38572 in March 2024, up by 75.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 23% were sold at asking, and 0% were sold over asking.
Days on Market for 38572, TN
How long does it take to sell a home in 38572, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
74 Days | 88 Days | +19.8% |
Summary: Homes in 38572 had an average of 88 days on market in Mar 2024, up by 19.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 38572; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.