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

Since last month, 38058 has remained a Seller'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

$275,500

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$10,500(+4.0%)

Key Takeaway

Homes in 38058 have sold for 4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $257.5K$258K
0.2%
4 $290K$469.7K
+62.0%
5+ -$357K
N/A

Summary: 38058 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 increased by 0.2%, 4 bedroom homes increased by 62%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38011
+34.1%
38058
+4.0%
38004
+0.8%
38023
-11.1%

Housing Supply in 38058, TN

How many homes are available in 38058, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5253+1.9%

Summary: The 38058 real estate market had 53 homes for sale in November 2024, a 1.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 3130
-3.2%
4 1920
+5.3%
5+ 23
+50.0%

Summary: The 38058 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 remained the same, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38058, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 38058 in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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 17 Days Ago

Newest Listings in 38058, TN

Nearby Markets to 38058, TN