Is 38019, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38019 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 38019 has remained a Buyer's Market.

Key Takeaway

38019 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 38019, TN

How much do homes in 38019, TN cost?

Median Sold Price

$228,500

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$36,500(-13.8%)

Key Takeaway

Homes in 38019 have sold for 13.8% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $157K$100K
-36.3%
3 $265K$232K
-12.5%
4 $560K$358.5K
-36.0%
5+ --
N/A

Summary: 38019 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 decreased by 36.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 36%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38019
-13.8%
38049
-61.0%

Housing Supply in 38019, TN

How many homes are available in 38019, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3645+25.0%

Summary: The 38019 real estate market had 45 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1521
+40.0%
4 1820
+11.1%
5+ 23
+50.0%

Summary: The 38019 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 40%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38019, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 38019 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for 38019, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 38019, TN

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