$1,247 Closing Credit*
$105,000
3 Beds
•1 Full Bath
Listing Office: KAIZEN Realty, LLC
Is 38127, 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, 38127 was a Seller's Market.
Key Takeaway
38127 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38127, TN
How much do homes in 38127, TN cost?
Median Sold Price
$82,250
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$3,250(+4.1%)
Key Takeaway
Homes in 38127 have sold for 4.1% 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 | $57.7K | $77.7K | +34.5% |
| 3 Bedrooms | $78K | $79.7K | +2.2% |
| 4 Bedrooms | $93.8K | $139.9K | +49.1% |
| 5+ Bedrooms | $126.2K | - | N/A |
Summary: 38127 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 34.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 49.1%, and 5+ bedroom homes did not change.
Housing Supply in 38127, TN
How many homes are available in 38127, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 174 | 177 | +1.7% |
Summary: The 38127 real estate market had 177 homes for sale in November 2024, a 1.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 120 | 122 | +1.7% |
| 4 Bedrooms | 28 | 28 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 38127 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 5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 24 | -44.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38127, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 38127 in November 2024, down by 44.2% month-over-month. Of the 24 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for 38127, TN
We’re sorry, we don't have information for this market at the moment
