Is 38315, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38315 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 38315 has remained a Seller's Market.

Key Takeaway

38315 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 38315, TN

How much do homes in 38315, TN cost?

Median Sold Price

$179,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$54,000(+43.2%)

Key Takeaway

Homes in 38315 have sold for 43.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$164K
N/A
3 $125K-
N/A
4 -$426K
N/A
5+ --
N/A

Summary: 38315 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38334
+284.6%
38315
+43.2%
38375
+19.5%

Housing Supply in 38315, TN

How many homes are available in 38315, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109-10.0%

Summary: The 38315 real estate market had 9 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 44
0.0%
3 32
-33.3%
4 11
0.0%
5+ 11
0.0%

Summary: The 38315 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38315, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 38315 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 38315, 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 38315, TN

Nearby Markets to 38315, TN