$3,473 Closing Credit*
$292,500
3 Beds
•2 Full Baths
Listing Office: Groome & Co.
Is 38017, 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, 38017 has remained a Buyer's Market.
Key Takeaway
38017 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38017, TN
How much do homes in 38017, TN cost?
Median Sold Price
$554,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$6,500(+1.2%)
Key Takeaway
Homes in 38017 have sold for 1.2% 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 | $267.5K | - | N/A |
| 3 Bedrooms | $382.5K | $380K | -0.7% |
| 4 Bedrooms | $560K | $550K | -1.8% |
| 5+ Bedrooms | $705.5K | $808K | +14.5% |
Summary: 38017 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 decreased by 0.7%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 38017, TN
How many homes are available in 38017, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 303 | 324 | +6.9% |
Summary: The 38017 real estate market had 324 homes for sale in November 2024, a 6.9% increase 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 55 | 60 | +9.1% |
| 4 Bedrooms | 118 | 136 | +15.3% |
| 5+ Bedrooms | 126 | 125 | -0.8% |
Summary: The 38017 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 decreased by 25%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 0.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38017, you may be able to get a good deal. 65.9% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 38017 in November 2024, up by 10.0% month-over-month. Of the 44 sold homes, 66% were sold under asking, 23% were sold at asking, and 11% were sold over asking.
Days on Market for 38017, TN
We’re sorry, we don't have information for this market at the moment
