Is 38363, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38363 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 38363 was a Buyer's Market.

Key Takeaway

38363 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 38363, TN

How much do homes in 38363, TN cost?

Median Sold Price

$99,250

$36/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$49,250(-33.2%)

Key Takeaway

Homes in 38363 have sold for 33.2% less than they did a month ago.

Summary: The median home sold price in 38363 was $99,250 in November 2024, down 33.2% from last month, and the median price per square foot was $36.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $148.5K-
N/A
3 -$83.5K
N/A
4 -$113.5K
N/A
5+ -$115K
N/A

Summary: 38363 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 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

38341
+142.6%
38363
-33.2%

Housing Supply in 38363, TN

How many homes are available in 38363, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2226+18.2%

Summary: The 38363 real estate market had 26 homes for sale in November 2024, a 18.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 911
+22.2%
4 45
+25.0%
5+ 44
0.0%

Summary: The 38363 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 increased by 20%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

4 Homes Were 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 38363, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 38363 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 38363, TN

How long does it take to sell a home in 38363, TN?

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days13 Days+170.0%

Summary: Homes in 38363 had an average of 13 days on market in Nov 2024, up by 170% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 38363 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 38363; 100% of homes were sold within 30 days, 0% 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 18 Days Ago

Newest Listings in 38363, TN

Nearby Markets to 38363, TN