$167,500
15.08 Acres
Land
Christine Lanford Kruse, Listing Office: Capstone Realty
Is 38477, 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, 38477 was a Seller's Market.
Key Takeaway
38477 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 38477, TN
How much do homes in 38477, TN cost?
Median Sold Price
$231,450
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$36,000(-13.5%)
Key Takeaway
Homes in 38477 have sold for 13.5% less than they did a year ago.
Summary: The median home sold price in 38477 was $231,450 in November 2024, down 13.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122K | N/A |
| 2 Bedrooms | $150K | $204.5K | +36.3% |
| 3 Bedrooms | $304.9K | $178.4K | -41.5% |
| 4 Bedrooms | $285K | $726K | +154.7% |
| 5+ Bedrooms | $430K | - | N/A |
Summary: 38477 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 increased by 36.3%, 3 bedroom homes decreased by 41.5%, 4 bedroom homes increased by 154.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38478 | $253K | $269.9K | +6.7% |
| 38477 | $267.4K | $231.4K | -13.5% |
Housing Supply in 38477, TN
How many homes are available in 38477, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The 38477 real estate market had 20 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 38477 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38477, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 38477 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 38477, TN
How long does it take to sell a home in 38477, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 105 Days | 15 Days | -85.2% |
Summary: Homes in 38477 had an average of 15 days on market in Nov 2024, down by 85.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38477 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 38477; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.