$1,959 Closing Credit*
$165,000
1,285 SqFt
3 Beds
•2 Full Baths
Keith LaDouceur, Listing Office: Epique Realty
Is 38320, 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, 38320 was a Neutral Market.
Key Takeaway
38320 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38320, TN
How much do homes in 38320, TN cost?
Median Sold Price
$215,000
$159/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$73,287(-25.4%)
Key Takeaway
Homes in 38320 have sold for 25.4% less than they did a month ago.
Summary: The median home sold price in 38320 was $215,000 in November 2024, down 25.4% from last month, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $288.2K | $210K | -27.2% |
| 3 Bedrooms | $202.4K | $220K | +8.7% |
| 4 Bedrooms | $722.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 38320 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 decreased by 27.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38317 | $96K | $149.9K | +56.2% |
| 38333 | $195K | $189K | -3.1% |
| 38320 | $288.2K | $215K | -25.4% |
Housing Supply in 38320, TN
How many homes are available in 38320, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Summary: The 38320 real estate market had 29 homes for sale in November 2024, a 6.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 38320 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 remained the same, 3 bedroom homes decreased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38320, 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 38320 in November 2024, down by 20.0% month-over-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 38320, TN
How long does it take to sell a home in 38320, TN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 46 Days | -5.6% |
Summary: Homes in 38320 had an average of 46 days on market in Nov 2024, down by 5.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 38320 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 38320; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.