Is 38066, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38066 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 38066 was a Neutral Market.

Key Takeaway

38066 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 38066, TN

How much do homes in 38066, TN cost?

Median Sold Price

$555,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$66,273(-10.7%)

Key Takeaway

Homes in 38066 have sold for 10.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$460K
N/A
4 $554.9K$799.8K
+44.1%
5+ $855.5K-
N/A

Summary: 38066 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 did not change, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38017
+1.2%
38066
-10.7%
38028
-18.2%

Housing Supply in 38066, TN

How many homes are available in 38066, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3840+5.3%

Summary: The 38066 real estate market had 40 homes for sale in November 2024, a 5.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1316
+23.1%
4 1716
-5.9%
5+ 88
0.0%

Summary: The 38066 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 increased by 23.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38066, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 38066 in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 38066, 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 38066, TN

Nearby Markets to 38066, TN