$4,343 Closing Credit*
$365,750
3 Beds
•2 Full Baths
Listing Office: MidSouth Residential, LLC
Is 38004, 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, 38004 was a Buyer's Market.
Key Takeaway
38004 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 38004, TN
How much do homes in 38004, TN cost?
Median Sold Price
$344,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$34,000(+11.0%)
Key Takeaway
Homes in 38004 have sold for 11% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $298K | $327K | +9.7% |
| 4 Bedrooms | $330K | $571.6K | +73.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38004 housing prices by bedroom type for October 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 9.7%, 4 bedroom homes increased by 73.2%, and 5+ bedroom homes did not change.
Housing Supply in 38004, TN
How many homes are available in 38004, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 57 | +32.6% |
Summary: The 38004 real estate market had 57 homes for sale in October 2024, a 32.6% 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 | 18 | 21 | +16.7% |
| 4 Bedrooms | 20 | 27 | +35.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The 38004 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 16.7%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38004, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 38004 in October 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for 38004, TN
We’re sorry, we don't have information for this market at the moment
