Is 38133, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38133 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 38133 has remained a Seller's Market.

Key Takeaway

38133 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 38133, TN

How much do homes in 38133, TN cost?

Median Sold Price

$305,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$7,500(-2.4%)

Key Takeaway

Homes in 38133 have sold for 2.4% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$169.4K
N/A
3 $255.8K$242K
-5.4%
4 $349.9K$372.5K
+6.5%
5+ $399.9K$570.5K
+42.7%

Summary: 38133 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 decreased by 5.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 42.7%.

Median Sold Price Compared To Nearby Zip Codes

38002
+12.3%
38016
+0.7%
38133
-2.4%
38134
-6.0%
38135
-7.0%

Housing Supply in 38133, TN

How many homes are available in 38133, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9795-2.1%

Summary: The 38133 real estate market had 95 homes for sale in November 2024, a 2.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 4950
+2.0%
4 3028
-6.7%
5+ 129
-25.0%

Summary: The 38133 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 33.3%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2421-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38133, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in 38133 in November 2024, down by 12.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 33% were sold at asking, and 43% were sold over asking.

Days on Market for 38133, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 38133, TN

Nearby Markets to 38133, TN