Is 38469, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38469 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 38469 was a Seller's Market.

Key Takeaway

38469 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 38469, TN

How much do homes in 38469, TN cost?

Median Sold Price

$267,650

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$11,150(+4.3%)

Key Takeaway

Homes in 38469 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 38469 was $267,650 in December 2024, up 4.3% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $139.9K-
N/A
2 $179.5K$186K
+3.6%
3 $297.4K$275.1K
-7.5%
4 $155K$350K
+125.8%
5+ -$360.5K
N/A

Summary: 38469 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 125.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38469
+4.3%
38468
-1.7%

Housing Supply in 38469, TN

How many homes are available in 38469, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2423-4.2%

Summary: The 38469 real estate market had 23 homes for sale in December 2024, a 4.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1312
-7.7%
4 77
0.0%
5+ 00
0.0%

Summary: The 38469 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38469, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 38469 in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 38469, TN

How long does it take to sell a home in 38469, TN?

Average Sale Time

Dec 2023Dec 2024CHANGE
21 Days44 Days+112.7%

Summary: Homes in 38469 had an average of 44 days on market in Dec 2024, up by 112.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were 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 38469 has remained consistent over time.

Summary: During December 2024, 3 homes were sold in 38469; 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 2 Days Ago

Newest Listings in 38469, TN

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