$4,393 Closing Credit*
$369,900
4 Beds
•4 Full Baths
Listing Office: ResiAmerica, Inc.
Is 38111, 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, 38111 has remained a Neutral Market.
Key Takeaway
38111 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 38111, TN
How much do homes in 38111, TN cost?
Median Sold Price
$165,000
-
Based on all homes sold in December 2024.
Difference Since Last Month
-$12,000(-6.8%)
Key Takeaway
Homes in 38111 have sold for 6.8% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125.5K | $120K | -4.4% |
| 3 Bedrooms | $172K | $183K | +6.4% |
| 4 Bedrooms | $450K | $492.5K | +9.4% |
| 5+ Bedrooms | $1.5M | $150.4K | -90.1% |
Summary: 38111 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 90.1%.
Housing Supply in 38111, TN
How many homes are available in 38111, TN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 207 | 224 | +8.2% |
Summary: The 38111 real estate market had 224 homes for sale in December 2024, a 8.2% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 57 | 69 | +21.1% |
| 3 Bedrooms | 101 | 102 | +1.0% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 38111 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38111, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 38111 in December 2024, up by 16.7% month-over-month. Of the 35 sold homes, 71% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for 38111, TN
We’re sorry, we don't have information for this market at the moment
