Is 38134, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38134 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 38134 has remained a Seller's Market.

Key Takeaway

38134 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 38134, TN

How much do homes in 38134, TN cost?

Median Sold Price

$243,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$13,000(+5.7%)

Key Takeaway

Homes in 38134 have sold for 5.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $231K-
N/A
3 $225K$239.2K
+6.3%
4 $233.5K$280K
+19.9%
5+ -$290K
N/A

Summary: 38134 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 increased by 6.3%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38128
+25.9%
38120
+22.5%
38135
+9.8%
38133
+8.7%
38134
+5.7%

Housing Supply in 38134, TN

How many homes are available in 38134, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8693+8.1%

Summary: The 38134 real estate market had 93 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 5357
+7.5%
4 2224
+9.1%
5+ 57
+40.0%

Summary: The 38134 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 decreased by 16.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1724+41.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38134, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 38134 in October 2024, up by 41.2% month-over-month. Of the 24 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.

Days on Market for 38134, 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 14 Days Ago

Newest Listings in 38134, TN

Nearby Markets to 38134, TN