$533 Closing Credit*
$44,900
2 Beds
•1 Full Bath
Listing Office: MLE Realty, LLC
Is 38106, 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, 38106 was a Buyer's Market.
Key Takeaway
38106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38106, TN
How much do homes in 38106, TN cost?
Median Sold Price
$109,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$61,000(+127.1%)
Key Takeaway
Homes in 38106 have sold for 127.1% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $88K | $55K | -37.5% |
| 3 Bedrooms | $21K | $82K | +290.5% |
| 4 Bedrooms | - | $104.5K | N/A |
| 5+ Bedrooms | $113K | $195K | +72.6% |
Summary: 38106 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 decreased by 37.5%, 3 bedroom homes increased by 290.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 72.6%.
Median Sold Price Compared To Nearby Zip Codes
| 38106 | $48K | $109K | +127.1% |
| 38104 | $487K | $325K | -33.3% |
Housing Supply in 38106, TN
How many homes are available in 38106, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 101 | +32.9% |
Summary: The 38106 real estate market had 101 homes for sale in October 2024, a 32.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 40 | 58 | +45.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 38106 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 26.3%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 17 | +240.0% |
Asking Price vs. Sold Price
8 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 38106, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 38106 in October 2024, up by 240.0% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for 38106, TN
We’re sorry, we don't have information for this market at the moment
