$3,680 Closing Credit*
$309,900
3 Beds
•2 Full Baths
Listing Office: KAIZEN Realty, LLC
Is 38103, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 38103 has remained a Buyer's Market.
Key Takeaway
38103 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38103, TN
How much do homes in 38103, TN cost?
Median Sold Price
$310,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$45,000(+17.0%)
Key Takeaway
Homes in 38103 have sold for 17% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209K | $151K | -27.8% |
| 2 Bedrooms | $375K | $307K | -18.1% |
| 3 Bedrooms | $529K | $335K | -36.7% |
| 4 Bedrooms | - | $915K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 38103 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 27.8%, 2 bedroom homes decreased by 18.1%, 3 bedroom homes decreased by 36.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 38103, TN
How many homes are available in 38103, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 141 | +21.6% |
Summary: The 38103 real estate market had 141 homes for sale in October 2024, a 21.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 22 | +4.8% |
| 2 Bedrooms | 49 | 58 | +18.4% |
| 3 Bedrooms | 29 | 39 | +34.5% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 38103 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 34.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38103, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 38103 in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for 38103, TN
We’re sorry, we don't have information for this market at the moment
