$1,186 Closing Credit*
$99,900
2 Beds
•1 Full Bath
Listing Office: Reedy & Company, REALTORS
Is 38112, 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, 38112 was a Neutral Market.
Key Takeaway
38112 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38112, TN
How much do homes in 38112, TN cost?
Median Sold Price
$265,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$42,250(+19.0%)
Key Takeaway
Homes in 38112 have sold for 19% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $84K | $125K | +48.8% |
| 3 Bedrooms | $188.9K | $295K | +56.1% |
| 4 Bedrooms | $267.5K | $210K | -21.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38112 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 increased by 48.8%, 3 bedroom homes increased by 56.1%, 4 bedroom homes decreased by 21.5%, and 5+ bedroom homes did not change.
Housing Supply in 38112, TN
How many homes are available in 38112, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 86 | +4.9% |
Summary: The 38112 real estate market had 86 homes for sale in November 2024, a 4.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 22 | 25 | +13.6% |
| 3 Bedrooms | 40 | 41 | +2.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 38112 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38112, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 38112 in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for 38112, 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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