$315,000
3.43 Acres
Land
Listing Office: Coldwell Banker Collins-Maury
Is 38018, 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, 38018 was a Buyer's Market.
Key Takeaway
38018 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38018, TN
How much do homes in 38018, TN cost?
Median Sold Price
$286,250
-
Based on all homes sold in October 2024.
Difference Since Last Month
-$26,200(-8.4%)
Key Takeaway
Homes in 38018 have sold for 8.4% less 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 | - | $185K | N/A |
| 3 Bedrooms | $255K | $251.9K | -1.2% |
| 4 Bedrooms | $321K | $325K | +1.2% |
| 5+ Bedrooms | - | $405K | N/A |
Summary: 38018 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 decreased by 1.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes did not change.
Housing Supply in 38018, TN
How many homes are available in 38018, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 131 | 157 | +19.8% |
Summary: The 38018 real estate market had 157 homes for sale in October 2024, a 19.8% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 48 | 54 | +12.5% |
| 4 Bedrooms | 56 | 68 | +21.4% |
| 5+ Bedrooms | 25 | 31 | +24.0% |
Summary: The 38018 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 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 24%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38018, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 38018 in October 2024, up by 55.6% month-over-month. Of the 28 sold homes, 50% were sold under asking, 39% were sold at asking, and 11% were sold over asking.
Days on Market for 38018, TN
We’re sorry, we don't have information for this market at the moment
