$59,000
0.38 Acres
Land
Cereice Morris, Listing Office: Lake Homes Realty, LLC
Is 38425, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 38425 was a Buyer's Market.
Key Takeaway
38425 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38425, TN
How much do homes in 38425, TN cost?
Median Sold Price
$530,000
$318/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$376,000(+244.2%)
Key Takeaway
Homes in 38425 have sold for 244.2% more than they did a month ago.
Summary: The median home sold price in 38425 was $530,000 in October 2024, up 244.2% from last month, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $154K | $269K | +74.7% |
| 3 Bedrooms | - | $530K | N/A |
| 4 Bedrooms | - | $670K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 38425 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 74.7%, 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
| 38425 | $154K | $530K | +244.2% |
| 38485 | $177K | $200.8K | +13.5% |
Housing Supply in 38425, TN
How many homes are available in 38425, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The 38425 real estate market had 17 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 38425 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38425, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 38425 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 38425, TN
How long does it take to sell a home in 38425, TN?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 38425 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 38425; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.