$4,689 Closing Credit*
$394,900
4 Beds
•3 Full Baths
Listing Office: BHHS McLemore & Co., Realty
Is 38002, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 38002 was a Buyer's Market.
Key Takeaway
38002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38002, TN
How much do homes in 38002, TN cost?
Median Sold Price
$454,746
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,804(-2.1%)
Key Takeaway
Homes in 38002 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 38002 was $454,746 in October 2024, down 2.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $158K | - | N/A |
| 3 Bedrooms | $365K | $315K | -13.7% |
| 4 Bedrooms | $470K | $494K | +5.1% |
| 5+ Bedrooms | $563.6K | $563.7K | 0.0% |
Summary: 38002 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes did not change.
Housing Supply in 38002, TN
How many homes are available in 38002, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 226 | 268 | +18.6% |
Summary: The 38002 real estate market had 268 homes for sale in October 2024, a 18.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 61 | 71 | +16.4% |
| 4 Bedrooms | 102 | 126 | +23.5% |
| 5+ Bedrooms | 63 | 71 | +12.7% |
Summary: The 38002 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 12.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 53 | +130.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38002, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in 38002 in October 2024, up by 130.4% month-over-month. Of the 53 sold homes, 42% were sold under asking, 34% were sold at asking, and 25% were sold over asking.
Days on Market for 38002, TN
We’re sorry, we don't have information for this market at the moment
