Is 38326, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38326 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 38326 was a Buyer's Market.

Key Takeaway

38326 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 38326, TN

How much do homes in 38326, TN cost?

Median Sold Price

$276,500

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$37,500(-11.9%)

Key Takeaway

Homes in 38326 have sold for 11.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $187.5K$214K
+14.1%
3 $314K$298K
-5.1%
4 -$315K
N/A
5+ --
N/A

Summary: 38326 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 14.1%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38372
+47.6%
38357
+1.7%
38326
-11.9%

Housing Supply in 38326, TN

How many homes are available in 38326, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5356+5.7%

Summary: The 38326 real estate market had 56 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1110
-9.1%
3 3335
+6.1%
4 78
+14.3%
5+ 22
0.0%

Summary: The 38326 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

9 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 38326, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 38326 in October 2024, up by 100.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.

Days on Market for 38326, 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 23 Days Ago

Newest Listings in 38326, TN

Nearby Markets to 38326, TN