Is 38372, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38372 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 38372 has remained a Buyer's Market.

Key Takeaway

38372 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 38372, TN

How much do homes in 38372, TN cost?

Median Sold Price

$223,195

$72/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$71,945(+47.6%)

Key Takeaway

Homes in 38372 have sold for 47.6% more than they did a month ago.

Summary: The median home sold price in 38372 was $223,195 in October 2024, up 47.6% from last month, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $160K-
N/A
3 $142.5K$237.5K
+66.7%
4 -$215K
N/A
5+ -$210.7K
N/A

Summary: 38372 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 did not change, 3 bedroom homes increased by 66.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 38372, TN

How many homes are available in 38372, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
104126+21.2%

Summary: The 38372 real estate market had 126 homes for sale in October 2024, a 21.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1415
+7.1%
3 5671
+26.8%
4 2731
+14.8%
5+ 67
+16.7%

Summary: The 38372 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 increased by 7.1%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
217+750.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38372, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 38372 in October 2024, up by 750.0% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% were sold over asking.

Days on Market for 38372, TN

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was 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 38372 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 38372; 6% 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 14 Days Ago

Newest Listings in 38372, TN

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