$5,343 Closing Credit*
$449,950
2,169 SqFt
3 Beds
•2 Full Baths
Irina Menako, Listing Office: Century 21 Coffee County Realty & Auction
Is 38462, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 38462 was a Seller's Market.
Key Takeaway
38462 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 38462, TN
How much do homes in 38462, TN cost?
Median Sold Price
$250,000
$179/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 38462 has remained the same since last year.
Summary: The median home sold price in 38462 was $250,000 in November 2024, the same as last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $287.5K | +130.0% |
| 2 Bedrooms | $178.5K | $175K | -2.0% |
| 3 Bedrooms | $257.5K | $252.1K | -2.1% |
| 4 Bedrooms | $270K | $432.4K | +60.2% |
| 5+ Bedrooms | $499.9K | $130K | -74.0% |
Summary: 38462 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 130%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 60.2%, and 5+ bedroom homes decreased by 74%.
Housing Supply in 38462, TN
How many homes are available in 38462, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 61 | -3.2% |
Summary: The 38462 real estate market had 61 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 35 | 31 | -11.4% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 38462 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 increased by 50%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 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 November 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 70 Days | +27.9% |
Summary: Homes in 38462 had an average of 70 days on market in Nov 2024, up by 27.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 38462 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 9 homes were sold in 38462; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% 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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