$79,000
0.23 Acres
Land
Listing Office: STIXNBRIX
Is 38111, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 38111 has remained a Seller's Market.
Key Takeaway
38111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38111, TN
How much do homes in 38111, TN cost?
Median Sold Price
$165,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$95,000(-36.5%)
Key Takeaway
Homes in 38111 have sold for 36.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | - | N/A |
| 2 Bedrooms | $160K | $127.5K | -20.3% |
| 3 Bedrooms | $271K | $160K | -41.0% |
| 4 Bedrooms | $440K | $447K | +1.6% |
| 5+ Bedrooms | $750K | $540.5K | -27.9% |
Summary: 38111 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.3%, 3 bedroom homes decreased by 41%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 27.9%.
Housing Supply in 38111, TN
How many homes are available in 38111, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 177 | 231 | +30.5% |
Summary: The 38111 real estate market had 231 homes for sale in October 2024, a 30.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 43 | 61 | +41.9% |
| 3 Bedrooms | 90 | 116 | +28.9% |
| 4 Bedrooms | 34 | 43 | +26.5% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 38111 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 41.9%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 39 | +178.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38111, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 38111 in October 2024, up by 178.6% month-over-month. Of the 39 sold homes, 67% were sold under asking, 28% were sold at asking, and 5% were sold over asking.
Days on Market for 38111, TN
We’re sorry, we don't have information for this market at the moment
