$1,235 Closing Credit*
$104,000
2 Beds
•1 Full Bath
Listing Office: CrestCore Realty MphsBrokerage
Is 38108, 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, 38108 has remained a Buyer's Market.
Key Takeaway
38108 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38108, TN
How much do homes in 38108, TN cost?
Median Sold Price
$72,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
-$83,000(-53.5%)
Key Takeaway
Homes in 38108 have sold for 53.5% less 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 | - | $46.5K | N/A |
| 3 Bedrooms | $155K | $74.2K | -52.1% |
| 4 Bedrooms | - | $75K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 38108 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 decreased by 52.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 38108, TN
How many homes are available in 38108, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 61 | +56.4% |
Summary: The 38108 real estate market had 61 homes for sale in October 2024, a 56.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 15 | +87.5% |
| 3 Bedrooms | 22 | 35 | +59.1% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 38108 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 87.5%, 3 bedroom homes increased by 59.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38108, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in 38108 in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for 38108, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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