$713 Closing Credit*
$60,000
2 Beds
•1 Full Bath
Listing Office: Crye-Leike, Inc., REALTORS
Is 38122, 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, 38122 has remained a Seller's Market.
Key Takeaway
38122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38122, TN
How much do homes in 38122, TN cost?
Median Sold Price
$159,950
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$34,950(+28.0%)
Key Takeaway
Homes in 38122 have sold for 28% more 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 | $102.5K | $147K | +43.4% |
| 3 Bedrooms | $106.7K | $162.5K | +52.2% |
| 4 Bedrooms | $183K | $159.9K | -12.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38122 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 43.4%, 3 bedroom homes increased by 52.2%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes did not change.
Housing Supply in 38122, TN
How many homes are available in 38122, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 102 | +8.5% |
Summary: The 38122 real estate market had 102 homes for sale in November 2024, a 8.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 31 | 33 | +6.5% |
| 3 Bedrooms | 45 | 50 | +11.1% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 38122 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 6.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38122, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 38122 in November 2024, up by 17.6% month-over-month. Of the 20 sold homes, 45% were sold under asking, 40% were sold at asking, and 15% were sold over asking.
Days on Market for 38122, TN
We’re sorry, we don't have information for this market at the moment
