$3,741 Closing Credit*
$315,000
3 Beds
•2 Full Baths
Listing Office: Keller Williams
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
Since last month, 38120 has remained a Seller's Market.
Key Takeaway
38120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38120, TN
How much do homes in 38120, TN cost?
Median Sold Price
$305,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$152,000(-33.3%)
Key Takeaway
Homes in 38120 have sold for 33.3% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $87.7K | N/A |
| 2 Bedrooms | $170K | $123K | -27.6% |
| 3 Bedrooms | $318.7K | $273.9K | -14.1% |
| 4 Bedrooms | $580K | $425K | -26.7% |
| 5+ Bedrooms | $567.5K | $1.3M | +130.8% |
Summary: 38120 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 decreased by 27.6%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 130.8%.
Housing Supply in 38120, TN
How many homes are available in 38120, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 116 | 109 | -6.0% |
Summary: The 38120 real estate market had 109 homes for sale in November 2024, a 6.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 44 | 34 | -22.7% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 38120 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38120, you may be able to get a good deal. 78.3% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 38120 in November 2024, up by 4.5% month-over-month. Of the 23 sold homes, 78% were sold under asking, 17% were sold at asking, and 4% were sold over asking.
Days on Market for 38120, TN
We’re sorry, we don't have information for this market at the moment
