$30,000
0.62 Acres
Land
Edward Pietschmann, Listing Office: Market Street Properties, LLC
Is 38462, 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, 38462 was a Seller's Market.
Key Takeaway
38462 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38462, TN
How much do homes in 38462, TN cost?
Median Sold Price
$239,900
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,350(-7.8%)
Key Takeaway
Homes in 38462 have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in 38462 was $239,900 in October 2024, down 7.8% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.2K | $215K | +123.4% |
| 2 Bedrooms | $178.5K | $164.9K | -7.6% |
| 3 Bedrooms | $260.5K | $249.9K | -4.0% |
| 4 Bedrooms | $281.5K | $365K | +29.7% |
| 5+ Bedrooms | $509.9K | $130K | -74.5% |
Summary: 38462 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.4%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes decreased by 74.5%.
Housing Supply in 38462, TN
How many homes are available in 38462, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 69 | 0.0% |
Summary: The 38462 real estate market had 69 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 43 | 39 | -9.3% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 38462 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38462, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 38462 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for 38462, TN
How long does it take to sell a home in 38462, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 52 Days | +185.6% |
Summary: Homes in 38462 had an average of 52 days on market in Oct 2024, up by 185.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 38462 has remained consistent over time.
Summary: During October 2024, 9 homes were sold in 38462; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% 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. 
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