$100,000
4.80 Acres
Land
Brad Story, Listing Office: Keller Williams - Hood Company
Is 38456, 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, 38456 was a Seller's Market.
Key Takeaway
38456 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38456, TN
How much do homes in 38456, TN cost?
Median Sold Price
$259,900
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$43,100(-14.2%)
Key Takeaway
Homes in 38456 have sold for 14.2% less than they did a year ago.
Summary: The median home sold price in 38456 was $259,900 in October 2024, down 14.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $126.5K | N/A |
| 2 Bedrooms | $206.2K | $235K | +14.0% |
| 3 Bedrooms | $383.4K | $290K | -24.4% |
| 4 Bedrooms | $345.2K | $388K | +12.4% |
| 5+ Bedrooms | - | $381.5K | N/A |
Summary: 38456 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 14%, 3 bedroom homes decreased by 24.4%, 4 bedroom homes increased by 12.4%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The 38456 real estate market had 23 homes for sale in October 2024, a 4.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 38456 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38456, 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 38456 in October 2024, down by 40.0% 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 38456, TN
How long does it take to sell a home in 38456, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 23 Days | +25.5% |
Summary: Homes in 38456 had an average of 23 days on market in Oct 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 3 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.