$2,136 Closing Credit*
$179,900
3 Beds
•2 Full Baths
Listing Office: Fast Track Realty, LLC
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
$150,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$2,100(+1.4%)
Key Takeaway
Homes in 38118 have sold for 1.4% 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 | - | - | N/A |
| 3 Bedrooms | $138.5K | $150K | +8.3% |
| 4 Bedrooms | $147.9K | $158.4K | +7.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38118 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 8.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.
Housing Supply in 38118, TN
How many homes are available in 38118, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 77 | +14.9% |
Summary: The 38118 real estate market had 77 homes for sale in October 2024, a 14.9% 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 | 2 | 0.0% |
| 3 Bedrooms | 54 | 66 | +22.2% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 38118 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 remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38118, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 38118 in October 2024, up by 15.4% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for 38118, TN
We’re sorry, we don't have information for this market at the moment
