Is 38058, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38058 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 38058 was a Buyer's Market.

Key Takeaway

38058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 38058, TN

How much do homes in 38058, TN cost?

Median Sold Price

$270,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$30,000(-10.0%)

Key Takeaway

Homes in 38058 have sold for 10% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $280K$265K
-5.4%
4 $415K$290K
-30.1%
5+ --
N/A

Summary: 38058 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 5.4%, 4 bedroom homes decreased by 30.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38023
+43.5%
38004
+11.0%
38058
-10.0%

Housing Supply in 38058, TN

How many homes are available in 38058, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4049+22.5%

Summary: The 38058 real estate market had 49 homes for sale in October 2024, a 22.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2330
+30.4%
4 1517
+13.3%
5+ 22
0.0%

Summary: The 38058 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 30.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38058, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in 38058 in October 2024, up by 100.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 50% were sold at asking, and 30% were sold over asking.

Days on Market for 38058, 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 14 Days Ago

Newest Listings in 38058, TN

Nearby Markets to 38058, TN