$2,120 Closing Credit*
$178,500
1,268 SqFt
3 Beds
•2 Full Baths
Janel Mallard, Listing Office: Tennessee Property Group
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 Seller's 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
$288,287
$158/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$28,287(+10.9%)
Key Takeaway
Homes in 38320 have sold for 10.9% more than they did a month ago.
Summary: The median home sold price in 38320 was $288,287 in October 2024, up 10.9% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $142.5K | $288.2K | +102.3% |
| 3 Bedrooms | $337.5K | $202.4K | -40.0% |
| 4 Bedrooms | - | $722.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 38320 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 increased by 102.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38320 | $260K | $288.2K | +10.9% |
| 37134 | $279.9K | $165K | -41.1% |
Housing Supply in 38320, TN
How many homes are available in 38320, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 36 | +5.9% |
Summary: The 38320 real estate market had 36 homes for sale in October 2024, a 5.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 38320 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 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38320, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 38320 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 49 Days | -14.5% |
Summary: Homes in 38320 had an average of 49 days on market in Oct 2024, down by 14.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 38320 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 38320; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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.