Is 38075, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38075 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 38075 was a Neutral Market.

Key Takeaway

38075 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 38075, TN

How much do homes in 38075, TN cost?

Median Sold Price

$325,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$40,000(+14.0%)

Key Takeaway

Homes in 38075 have sold for 14% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $285K$325K
+14.0%
4 --
N/A
5+ --
N/A

Summary: 38075 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 increased by 14%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38075
+14.0%
38068
-10.3%

Housing Supply in 38075, TN

How many homes are available in 38075, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
711+57.1%

Summary: The 38075 real estate market had 11 homes for sale in October 2024, a 57.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 66
0.0%
4 13
+200.0%
5+ 00
0.0%

Summary: The 38075 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 remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38075, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 38075 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 38075, 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 21 Days Ago

Newest Listings in 38075, TN

Nearby Markets to 38075, TN