$4,839 Closing Credit*
$407,500
3 Beds
•3 Full Baths
Listing Office: Weichert, REALTORS-BenchMark
Is 38060, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 38060 was a Neutral Market.
Key Takeaway
38060 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38060, TN
How much do homes in 38060, TN cost?
Median Sold Price
$382,400
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,410(+7.7%)
Key Takeaway
Homes in 38060 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 38060 was $382,400 in November 2024, up 7.7% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $139K | N/A |
| 3 Bedrooms | $299.9K | $339.9K | +13.4% |
| 4 Bedrooms | $373.4K | $390.9K | +4.7% |
| 5+ Bedrooms | $442K | $437K | -1.1% |
Summary: 38060 housing prices by bedroom type for November 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 13.4%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in 38060, TN
How many homes are available in 38060, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 135 | 134 | -0.7% |
Summary: The 38060 real estate market had 134 homes for sale in November 2024, a 0.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 52 | 51 | -1.9% |
| 4 Bedrooms | 58 | 53 | -8.6% |
| 5+ Bedrooms | 23 | 28 | +21.7% |
Summary: The 38060 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 1.9%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38060, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 38060 in November 2024, down by 21.7% month-over-month. Of the 18 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 38060, TN
We’re sorry, we don't have information for this market at the moment
