$1,057 Closing Credit*
$89,000
4 Beds
•2 Full Baths
Listing Office: KAIZEN 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 Seller's Market.
Key Takeaway
38106 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38106, TN
How much do homes in 38106, TN cost?
Median Sold Price
$60,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$35,000(-36.8%)
Key Takeaway
Homes in 38106 have sold for 36.8% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $55K | $21K | -61.8% |
| 3 Bedrooms | $80K | $60K | -25.0% |
| 4 Bedrooms | $104.5K | $100K | -4.3% |
| 5+ Bedrooms | $180K | $195K | +8.3% |
Summary: 38106 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 decreased by 61.8%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in 38106, TN
How many homes are available in 38106, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 101 | 101 | 0.0% |
Summary: The 38106 real estate market had 101 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 58 | 60 | +3.4% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 8 | 2 | -75.0% |
Summary: The 38106 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 9 | -57.1% |
Asking Price vs. Sold Price
5 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 38106, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 38106 in November 2024, down by 57.1% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for 38106, TN
We’re sorry, we don't have information for this market at the moment
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