$1,354 Closing Credit*
$114,000
3 Beds
•2 Full Baths
Listing Office: KC Enterprise, Property Manage
Is 38114, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 38114 was a Seller's Market.
Key Takeaway
38114 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38114, TN
How much do homes in 38114, TN cost?
Median Sold Price
$90,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+28.6%)
Key Takeaway
Homes in 38114 have sold for 28.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.3K | - | N/A |
| 2 Bedrooms | $55K | $57.7K | +5.0% |
| 3 Bedrooms | $70K | $100K | +42.9% |
| 4 Bedrooms | $120K | $130K | +8.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38114 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 increased by 5%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38114 | $70K | $90K | +28.6% |
| 38111 | $260K | $165K | -36.5% |
Housing Supply in 38114, TN
How many homes are available in 38114, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 85 | +18.1% |
Summary: The 38114 real estate market had 85 homes for sale in October 2024, a 18.1% 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 | 18 | 24 | +33.3% |
| 3 Bedrooms | 36 | 43 | +19.4% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 38114 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 33.3%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38114, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 38114 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for 38114, TN
We’re sorry, we don't have information for this market at the moment
