$4,334 Closing Credit*
$365,000
2,003 SqFt
4 Beds
•2 Full Baths
Erin R. Cagle, Listing Office: Benchmark Realty, LLC
Is 38474, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 38474 has remained a Seller's Market.
Key Takeaway
38474 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 October 2023
+$36,800(+14.0%)
Key Takeaway
Homes in 38474 have sold for 14% more than they did a year ago.
Summary: The median home sold price in 38474 was $299,900 in October 2024, up 14% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $162.3K | N/A |
| 2 Bedrooms | $245K | $203K | -17.1% |
| 3 Bedrooms | $285K | $315K | +10.5% |
| 4 Bedrooms | $350K | $412.5K | +17.9% |
| 5+ Bedrooms | $426.5K | $600K | +40.7% |
Summary: 38474 housing prices by bedroom type for October 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 17.9%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 71 | +12.7% |
Summary: The 38474 real estate market had 71 homes for sale in October 2024, a 12.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 41 | 47 | +14.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 38474 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38474, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 38474 in October 2024, up by 33.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 42% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 29 Days | -35.1% |
Summary: Homes in 38474 had an average of 29 days on market in Oct 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 38474 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 38474; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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.