$368 Closing Credit*
$31,000
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Cahltrep Realty, LLC
Is 38115, 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, 38115 has remained a Buyer's Market.
Key Takeaway
38115 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38115, TN
How much do homes in 38115, TN cost?
Median Sold Price
$134,750
-
Based on all homes sold in October 2024.
Difference Since Last Month
-$47,750(-26.2%)
Key Takeaway
Homes in 38115 have sold for 26.2% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $76.5K | $92K | +20.3% |
| 3 Bedrooms | $220K | $169.5K | -23.0% |
| 4 Bedrooms | $165K | $136.7K | -17.2% |
| 5+ Bedrooms | $190K | - | N/A |
Summary: 38115 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.3%, 3 bedroom homes decreased by 23%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes did not change.
Housing Supply in 38115, TN
How many homes are available in 38115, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 67 | +24.1% |
Summary: The 38115 real estate market had 67 homes for sale in October 2024, a 24.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 27 | 35 | +29.6% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 38115 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 60%, 3 bedroom homes increased by 29.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38115, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 38115 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 38115, TN
We’re sorry, we don't have information for this market at the moment
