$3,561 Closing Credit*
$299,900
3 Beds
•2 Full Baths
Listing Office: Petrova Realty, LLC
Is 38060, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 38060 was a Buyer's Market.
Key Takeaway
38060 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 38060, TN
How much do homes in 38060, TN cost?
Median Sold Price
$387,400
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,705(+9.5%)
Key Takeaway
Homes in 38060 have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in 38060 was $387,400 in October 2024, up 9.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $296.1K | $344.7K | +16.4% |
| 4 Bedrooms | $372.7K | $382.4K | +2.6% |
| 5+ Bedrooms | $442K | $440.9K | -0.2% |
Summary: 38060 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in 38060, TN
How many homes are available in 38060, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 113 | 131 | +15.9% |
Summary: The 38060 real estate market had 131 homes for sale in October 2024, a 15.9% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 47 | 51 | +8.5% |
| 4 Bedrooms | 49 | 61 | +24.5% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The 38060 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 8.5%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 21 | +320.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38060, expect to pay close to the asking price. 47.6% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in 38060 in October 2024, up by 320.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 48% were sold at asking, and 14% were sold over asking.
Days on Market for 38060, 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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