$10,000 Closing Credit*
$1,100,000
4 Beds
•4 Full Baths, 1 Partial
Listing Office: Ware Jones, REALTORS
Is 38120, 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, 38120 was a Buyer's Market.
Key Takeaway
38120 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 38120, TN
How much do homes in 38120, TN cost?
Median Sold Price
$457,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$84,000(+22.5%)
Key Takeaway
Homes in 38120 have sold for 22.5% 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 | - | $170K | N/A |
| 3 Bedrooms | $299K | $318.7K | +6.6% |
| 4 Bedrooms | $373K | $597.5K | +60.2% |
| 5+ Bedrooms | $445K | $700K | +57.3% |
Summary: 38120 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 6.6%, 4 bedroom homes increased by 60.2%, and 5+ bedroom homes increased by 57.3%.
Median Sold Price Compared To Nearby Zip Codes
| 38120 | $373K | $457K | +22.5% |
| 38119 | $235K | $266.5K | +13.4% |
Housing Supply in 38120, TN
How many homes are available in 38120, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 | 113 | +13.0% |
Summary: The 38120 real estate market had 113 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 34 | 40 | +17.6% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The 38120 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38120, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 38120 in October 2024, up by 63.6% month-over-month. Of the 18 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for 38120, TN
We’re sorry, we don't have information for this market at the moment
