$5,344 Closing Credit*
$450,000
1,450 SqFt
3 Beds
•2 Full Baths
Jake Hubbell, Listing Office: Larry Hubbell Realty and Auction Sales
Is 38451, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 38451 was a Seller's Market.
Key Takeaway
38451 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38451, TN
How much do homes in 38451, TN cost?
Median Sold Price
$540,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$80,100(+17.4%)
Key Takeaway
Homes in 38451 have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in 38451 was $540,000 in October 2024, up 17.4% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $483.7K | $550K | +13.7% |
| 3 Bedrooms | $440K | $494.9K | +12.5% |
| 4 Bedrooms | $767.5K | $476K | -38.0% |
| 5+ Bedrooms | - | $956K | N/A |
Summary: 38451 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 38%, and 5+ bedroom homes did not change.
Housing Supply in 38451, TN
How many homes are available in 38451, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The 38451 real estate market had 27 homes for sale in October 2024, a 17.4% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 38451 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 remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38451, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 38451 in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 38451, TN
How long does it take to sell a home in 38451, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 52 Days | +124.1% |
Summary: Homes in 38451 had an average of 52 days on market in Oct 2024, up by 124.1% compared to last year.
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 38451 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 38451; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.