Is 38375, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38375 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 38375 was a Seller's Market.

Key Takeaway

38375 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 38375, TN

How much do homes in 38375, TN cost?

Median Sold Price

$209,900

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$100(0%)

Key Takeaway

The sold price of homes in 38375 has remained the same since last month.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $76.5K-
N/A
3 $210K$248.3K
+18.3%
4 $350K$196K
-44.0%
5+ --
N/A

Summary: 38375 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 increased by 18.3%, 4 bedroom homes decreased by 44%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38375
0%
38315
-63.7%

Housing Supply in 38375, TN

How many homes are available in 38375, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3635-2.8%

Summary: The 38375 real estate market had 35 homes for sale in November 2024, a 2.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 78
+14.3%
3 2220
-9.1%
4 44
0.0%
5+ 22
0.0%

Summary: The 38375 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 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
103-70.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38375, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 38375 in November 2024, down by 70.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 38375, 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 21 Days Ago

Newest Listings in 38375, TN

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