$1,900 Closing Credit*
$159,999
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Patterson & Assoc. Real Estate
Is 38118, 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, 38118 has remained a Seller's Market.
Key Takeaway
38118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38118, TN
How much do homes in 38118, TN cost?
Median Sold Price
$132,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$18,000(-12.0%)
Key Takeaway
Homes in 38118 have sold for 12% 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 | - | - | N/A |
| 3 Bedrooms | $145.9K | $134K | -8.2% |
| 4 Bedrooms | $158.4K | $98.7K | -37.7% |
| 5+ Bedrooms | $289K | $195K | -32.5% |
Summary: 38118 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 did not change, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 37.7%, and 5+ bedroom homes decreased by 32.5%.
Housing Supply in 38118, TN
How many homes are available in 38118, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 81 | +5.2% |
Summary: The 38118 real estate market had 81 homes for sale in November 2024, a 5.2% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 65 | 70 | +7.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 38118 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 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38118, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 38118 in November 2024, up by 29.4% month-over-month. Of the 22 sold homes, 59% were sold under asking, 18% were sold at asking, and 23% were sold over asking.
Days on Market for 38118, 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.
© 2024 of the REALTRACS MLS. All rights Reserved.