$1,780 Closing Credit*
$149,900
2 Beds
•2 Full Baths
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 Neutral Market.
Key Takeaway
38122 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 38122, TN
How much do homes in 38122, TN cost?
Median Sold Price
$115,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
-$31,000(-21.2%)
Key Takeaway
Homes in 38122 have sold for 21.2% less 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 | $126K | $105K | -16.7% |
| 3 Bedrooms | $167.5K | $106.7K | -36.3% |
| 4 Bedrooms | $115K | $195K | +69.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 38122 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 decreased by 16.7%, 3 bedroom homes decreased by 36.3%, 4 bedroom homes increased by 69.6%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 94 | +20.5% |
Summary: The 38122 real estate market had 94 homes for sale in October 2024, a 20.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 30 | +20.0% |
| 3 Bedrooms | 39 | 48 | +23.1% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 38122 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 increased by 20%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
8 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 38122, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 38122 in October 2024, up by 16.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 38122, TN
We’re sorry, we don't have information for this market at the moment
