Is 38459, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38459 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 38459 was a Neutral Market.

Key Takeaway

38459 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 38459, TN

How much do homes in 38459, TN cost?

Median Sold Price

$214,000

$219/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$14,000(+7.0%)

Key Takeaway

Homes in 38459 have sold for 7% more than they did a month ago.

Summary: The median home sold price in 38459 was $214,000 in November 2024, up 7% from last month, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$214K
N/A
3 --
N/A
4 $200K-
N/A
5+ --
N/A

Summary: 38459 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 38459, TN

How many homes are available in 38459, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
65-16.7%

Summary: The 38459 real estate market had 5 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 22
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The 38459 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38459, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 38459 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 38459, TN

How long does it take to sell a home in 38459, TN?

Average Sale Time

Oct 2024Nov 2024CHANGE
116 Days37 Days-68.1%

Summary: Homes in 38459 had an average of 37 days on market in Nov 2024, down by 68.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 38459 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 38459; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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 38459, TN

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