$4,200,000
0.31 Acres
Land
Listing Office: homecoin.com
Is 38002, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 38002 was a Seller's Market.
Key Takeaway
38002 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 38002, TN
How much do homes in 38002, TN cost?
Median Sold Price
$457,500
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$50,000(+12.3%)
Key Takeaway
Homes in 38002 have sold for 12.3% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $310K | $419.9K | +35.5% |
| 4 Bedrooms | $450K | $475K | +5.6% |
| 5+ Bedrooms | $520K | $547.5K | +5.3% |
Summary: 38002 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in 38002, TN
How many homes are available in 38002, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 271 | 266 | -1.8% |
Summary: The 38002 real estate market had 266 homes for sale in November 2024, a 1.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 71 | 68 | -4.2% |
| 4 Bedrooms | 133 | 129 | -3.0% |
| 5+ Bedrooms | 67 | 69 | +3.0% |
Summary: The 38002 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 44 | -26.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38002, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 38002 in November 2024, down by 26.7% month-over-month. Of the 44 sold homes, 45% were sold under asking, 39% were sold at asking, and 16% were sold over asking.
Days on Market for 38002, TN
We’re sorry, we don't have information for this market at the moment
