$3,847 Closing Credit*
$323,990
3 Beds
•2 Full Baths
Listing Office: D R Horton Memphis
Is 38053, 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, 38053 was a Neutral Market.
Key Takeaway
38053 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38053, TN
How much do homes in 38053, TN cost?
Median Sold Price
$210,950
-
Based on all homes sold in October 2024.
Difference Since Last Month
-$31,500(-13.0%)
Key Takeaway
Homes in 38053 have sold for 13% 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 | - | $269K | N/A |
| 3 Bedrooms | $242.4K | $199.9K | -17.6% |
| 4 Bedrooms | $247.5K | $257.9K | +4.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38053 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 17.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes did not change.
Housing Supply in 38053, TN
How many homes are available in 38053, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 94 | +23.7% |
Summary: The 38053 real estate market had 94 homes for sale in October 2024, a 23.7% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 35 | 49 | +40.0% |
| 4 Bedrooms | 31 | 33 | +6.5% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 38053 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 6.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38053, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 38053 in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.
Days on Market for 38053, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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