$2,375 Closing Credit*
$199,990
1,500 SqFt
3 Beds
•1 Full Bath
Rachael Nieves, Listing Office: Keller Williams Realty
Is 38474, 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, 38474 was a Seller's Market.
Key Takeaway
38474 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38474, TN
How much do homes in 38474, TN cost?
Median Sold Price
$299,900
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,200(+14.6%)
Key Takeaway
Homes in 38474 have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in 38474 was $299,900 in November 2024, up 14.6% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $162.3K | N/A |
| 2 Bedrooms | $245K | $203K | -17.1% |
| 3 Bedrooms | $285K | $315K | +10.5% |
| 4 Bedrooms | $365K | $400K | +9.6% |
| 5+ Bedrooms | $426.5K | $600K | +40.7% |
Summary: 38474 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 40.7%.
Housing Supply in 38474, TN
How many homes are available in 38474, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 62 | -6.1% |
Summary: The 38474 real estate market had 62 homes for sale in November 2024, a 6.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 44 | 42 | -4.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 38474 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 decreased by 16.7%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38474, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 38474 in November 2024, down by 46.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for 38474, TN
How long does it take to sell a home in 38474, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 74 Days | 66 Days | -11.2% |
Summary: Homes in 38474 had an average of 66 days on market in Nov 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38474 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 38474; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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.