$1,425 Closing Credit*
$120,000
4 Beds
•1 Full Bath, 1 Partial
Listing Office: ResiAmerica, Inc.
Is 38116, 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, 38116 was a Buyer's Market.
Key Takeaway
38116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38116, TN
How much do homes in 38116, TN cost?
Median Sold Price
$189,900
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$10,650(+5.9%)
Key Takeaway
Homes in 38116 have sold for 5.9% more 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 | $82K | - | N/A |
| 3 Bedrooms | $183.5K | $189.9K | +3.5% |
| 4 Bedrooms | $137.5K | $147.9K | +7.6% |
| 5+ Bedrooms | $265K | $355K | +34.0% |
Summary: 38116 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 did not change, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 34%.
Housing Supply in 38116, TN
How many homes are available in 38116, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 80 | +21.2% |
Summary: The 38116 real estate market had 80 homes for sale in October 2024, a 21.2% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 49 | 59 | +20.4% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 38116 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 100%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 17 | +112.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38116, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in 38116 in October 2024, up by 112.5% month-over-month. Of the 17 sold homes, 24% were sold under asking, 53% were sold at asking, and 24% were sold over asking.
Days on Market for 38116, TN
We’re sorry, we don't have information for this market at the moment
