$347,700
183.00 Acres
Land
Jared D Walker, Listing Office: Compass South, Inc.
Is 38008, 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, 38008 was a Buyer's Market.
Key Takeaway
38008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38008, TN
How much do homes in 38008, TN cost?
Median Sold Price
$158,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,050(+11.3%)
Key Takeaway
Homes in 38008 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 38008 was $158,500 in October 2024, up 11.3% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135.2K | $35K | -74.1% |
| 3 Bedrooms | $147.4K | $162K | +9.9% |
| 4 Bedrooms | $135K | - | N/A |
| 5+ Bedrooms | $375K | $465K | +24.0% |
Summary: 38008 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 decreased by 74.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 24%.
Housing Supply in 38008, TN
How many homes are available in 38008, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Summary: The 38008 real estate market had 28 homes for sale in October 2024, a 21.7% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 38008 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 increased by 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38008, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 38008 in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 38008, TN
How long does it take to sell a home in 38008, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 40 Days | -18.4% |
Summary: Homes in 38008 had an average of 40 days on market in Oct 2024, down by 18.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 38008 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 38008; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.