$1,424 Closing Credit*
$119,900
3 Beds
•1 Full Bath
Listing Office: CrestCore Realty MphsBrokerage
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 Buyer's Market.
Key Takeaway
38127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38127, TN
How much do homes in 38127, TN cost?
Median Sold Price
$79,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
-$28,000(-26.2%)
Key Takeaway
Homes in 38127 have sold for 26.2% 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 | - | $57.7K | N/A |
| 3 Bedrooms | $88K | $79K | -10.2% |
| 4 Bedrooms | $155.6K | $91.9K | -40.9% |
| 5+ Bedrooms | - | $126.2K | N/A |
Summary: 38127 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 decreased by 10.2%, 4 bedroom homes decreased by 40.9%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 152 | 174 | +14.5% |
Summary: The 38127 real estate market had 174 homes for sale in October 2024, a 14.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 97 | 121 | +24.7% |
| 4 Bedrooms | 32 | 27 | -15.6% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 38127 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 11.8%, 3 bedroom homes increased by 24.7%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 39 | +95.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38127, you may be able to get a good deal. 74.4% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 38127 in October 2024, up by 95.0% month-over-month. Of the 39 sold homes, 74% were sold under asking, 18% 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
