$3,622 Closing Credit*
$305,000
3 Beds
•2 Full Baths
Listing Office: Premier Realty Group, LLC
Is 38117, 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, 38117 was a Seller's Market.
Key Takeaway
38117 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38117, TN
How much do homes in 38117, TN cost?
Median Sold Price
$210,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$62,500(-22.9%)
Key Takeaway
Homes in 38117 have sold for 22.9% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $233K | +60.7% |
| 3 Bedrooms | $225K | $199.9K | -11.2% |
| 4 Bedrooms | $553.7K | $335K | -39.5% |
| 5+ Bedrooms | $1.0M | - | N/A |
Summary: 38117 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 60.7%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 39.5%, and 5+ bedroom homes did not change.
Housing Supply in 38117, TN
How many homes are available in 38117, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 239 | 254 | +6.3% |
Summary: The 38117 real estate market had 254 homes for sale in November 2024, a 6.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 26 | +52.9% |
| 3 Bedrooms | 141 | 149 | +5.7% |
| 4 Bedrooms | 59 | 56 | -5.1% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The 38117 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 52.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 31 | -32.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38117, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 38117 in November 2024, down by 32.6% month-over-month. Of the 30 sold homes, 63% were sold under asking, 33% were sold at asking, and 3% were sold over asking.
Days on Market for 38117, 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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