$2,255 Closing Credit*
$189,900
3 Beds
•2 Full Baths, 1 Partial
Listing Office: KAIZEN Realty, LLC
Is 38128, 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, 38128 was a Neutral Market.
Key Takeaway
38128 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38128, TN
How much do homes in 38128, TN cost?
Median Sold Price
$170,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$22,000(+14.9%)
Key Takeaway
Homes in 38128 have sold for 14.9% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $61.8K | - | N/A |
| 3 Bedrooms | $143.9K | $173K | +20.1% |
| 4 Bedrooms | $215K | $127.5K | -40.7% |
| 5+ Bedrooms | - | $196.2K | N/A |
Summary: 38128 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 did not change, 3 bedroom homes increased by 20.1%, 4 bedroom homes decreased by 40.7%, and 5+ bedroom homes did not change.
Housing Supply in 38128, TN
How many homes are available in 38128, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 114 | +10.7% |
Summary: The 38128 real estate market had 114 homes for sale in November 2024, a 10.7% 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 70 | 82 | +17.1% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 38128 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 decreased by 50%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38128, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 38128 in November 2024, up by 40.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% were sold over asking.
Days on Market for 38128, TN
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.