$321 Closing Credit*
$27,000
2 Beds
•1 Full Bath
Listing Office: 4 Success Realty, LLC
Is 38114, 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, 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
$120,000
-
Based on all homes sold in December 2024.
Difference Since Last Month
+$50,000(+71.4%)
Key Takeaway
Homes in 38114 have sold for 71.4% more 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 | $50K | $79.9K | +59.9% |
| 3 Bedrooms | $100K | $61K | -39.0% |
| 4 Bedrooms | $70K | $155K | +121.4% |
| 5+ Bedrooms | $110K | $145K | +31.8% |
Summary: 38114 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 increased by 59.9%, 3 bedroom homes decreased by 39%, 4 bedroom homes increased by 121.4%, and 5+ bedroom homes increased by 31.8%.
Housing Supply in 38114, TN
How many homes are available in 38114, TN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 111 | 113 | +1.8% |
Summary: The 38114 real estate market had 113 homes for sale in December 2024, a 1.8% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 35 | 33 | -5.7% |
| 3 Bedrooms | 53 | 53 | 0.0% |
| 4 Bedrooms | 18 | 23 | +27.8% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 38114 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38114, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 38114 in December 2024, down by 15.8% month-over-month. Of the 16 sold homes, 69% were sold under asking, 0% were sold at asking, and 31% were sold over asking.
Days on Market for 38114, TN
We’re sorry, we don't have information for this market at the moment
