$1,780 Closing Credit*
$149,900
1,050 SqFt
3 Beds
•1 Full Bath
Bernie Gallerani, Listing Office: Bernie Gallerani Real Estate
Is 38456, 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, 38456 was a Buyer's Market.
Key Takeaway
38456 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38456, TN
How much do homes in 38456, TN cost?
Median Sold Price
$252,250
$197/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$72,250(+40.1%)
Key Takeaway
Homes in 38456 have sold for 40.1% more than they did a month ago.
Summary: The median home sold price in 38456 was $252,250 in November 2024, up 40.1% from last month, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $235K | $229.9K | -2.1% |
| 3 Bedrooms | $80K | $289.5K | +261.9% |
| 4 Bedrooms | - | $125K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 38456 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 decreased by 2.1%, 3 bedroom homes increased by 261.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 38456, TN
How many homes are available in 38456, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The 38456 real estate market had 23 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 38456 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38456, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 38456 in November 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 38456, TN
How long does it take to sell a home in 38456, TN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -15.2% |
Summary: Homes in 38456 had an average of 19 days on market in Nov 2024, down by 15.2% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38456 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 38456; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.