$3,147 Closing Credit*
$265,000
3 Beds
•2 Full Baths
Listing Office: Fast Track Realty, LLC
Is 38016, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 38016 has remained a Neutral Market.
Key Takeaway
38016 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 38016, TN
How much do homes in 38016, TN cost?
Median Sold Price
$292,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$2,000(+0.7%)
Key Takeaway
Homes in 38016 have sold for 0.7% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | - | N/A |
| 2 Bedrooms | $238K | $260.7K | +9.6% |
| 3 Bedrooms | $255K | $276K | +8.2% |
| 4 Bedrooms | $340K | $307K | -9.7% |
| 5+ Bedrooms | $375K | $435K | +16.0% |
Summary: 38016 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 increased by 9.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 16%.
Housing Supply in 38016, TN
How many homes are available in 38016, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 199 | 222 | +11.6% |
Summary: The 38016 real estate market had 222 homes for sale in November 2024, a 11.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 77 | 88 | +14.3% |
| 4 Bedrooms | 84 | 97 | +15.5% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The 38016 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38016, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 38016 in November 2024, up by 17.2% month-over-month. Of the 34 sold homes, 53% were sold under asking, 32% were sold at asking, and 15% were sold over asking.
Days on Market for 38016, TN
We’re sorry, we don't have information for this market at the moment
