Is 38333, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38333 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 38333 has remained a Seller's Market.

Key Takeaway

38333 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 38333, TN

How much do homes in 38333, TN cost?

Median Sold Price

$394,000

$218/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$205,000(+108.5%)

Key Takeaway

Homes in 38333 have sold for 108.5% more than they did a month ago.

Summary: The median home sold price in 38333 was $394,000 in December 2024, up 108.5% from last month, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $189K$394K
+108.5%
4 --
N/A
5+ --
N/A

Summary: 38333 housing prices by bedroom type for December 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 increased by 108.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38333
+108.5%
38221
+28.3%
38320
+11.6%

Housing Supply in 38333, TN

How many homes are available in 38333, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
21-50.0%

Summary: The 38333 real estate market had 1 homes for sale in December 2024, a 50.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 38333 housing inventory by bedroom type for December 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38333, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 38333 in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 38333, TN

How long does it take to sell a home in 38333, TN?

Average Sale Time

Nov 2024Dec 2024CHANGE
7 Days72 Days+928.6%

Summary: Homes in 38333 had an average of 72 days on market in Dec 2024, up by 928.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 38333 has remained consistent over time.

Summary: During December 2024, 1 homes were sold in 38333; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in 38333, TN

Nearby Markets to 38333, TN