Is 38310, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38310 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 38310 has remained a Buyer's Market.

Key Takeaway

38310 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 38310, TN

How much do homes in 38310, TN cost?

Median Sold Price

$218,125

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$24,375(-10.1%)

Key Takeaway

Homes in 38310 have sold for 10.1% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $235K$218.1K
-7.2%
4 $450K-
N/A
5+ --
N/A

Summary: 38310 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 7.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 38310, TN

How many homes are available in 38310, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3540+14.3%

Summary: The 38310 real estate market had 40 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 24
+100.0%
3 2729
+7.4%
4 55
0.0%
5+ 00
0.0%

Summary: The 38310 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38310, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 38310 in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 38310, 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 21 Days Ago

Newest Listings in 38310, TN

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