$5,047 Closing Credit*
$425,000
4 Beds
•3 Full Baths
Listing Office: Collier REALTORS
Is 38104, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 38104 was a Neutral Market.
Key Takeaway
38104 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38104, TN
How much do homes in 38104, TN cost?
Median Sold Price
$247,500
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$77,500(-23.8%)
Key Takeaway
Homes in 38104 have sold for 23.8% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $216K | $235K | +8.8% |
| 3 Bedrooms | $336K | $331.1K | -1.4% |
| 4 Bedrooms | $365K | $395K | +8.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38104 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 increased by 8.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38112 | $222.7K | $265K | +19.0% |
| 38104 | $325K | $247.5K | -23.8% |
Housing Supply in 38104, TN
How many homes are available in 38104, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 147 | 143 | -2.7% |
Summary: The 38104 real estate market had 143 homes for sale in November 2024, a 2.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 29 | 23 | -20.7% |
| 3 Bedrooms | 61 | 58 | -4.9% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The 38104 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 decreased by 20.7%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 12 | -45.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38104, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 38104 in November 2024, down by 45.5% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for 38104, TN
We’re sorry, we don't have information for this market at the moment
