$772 Closing Credit*
$65,000
1,357 SqFt
3 Beds
•1 Full Bath
Kevin Gioia, Listing Office: Beycome Brokerage Realty, LLC
Is 38478, 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, 38478 has remained a Buyer's Market.
Key Takeaway
38478 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38478, TN
How much do homes in 38478, TN cost?
Median Sold Price
$276,500
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,000(+8.6%)
Key Takeaway
Homes in 38478 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 38478 was $276,500 in October 2024, up 8.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $120K | -9.4% |
| 2 Bedrooms | $202.9K | $159.9K | -21.2% |
| 3 Bedrooms | $256K | $275K | +7.4% |
| 4 Bedrooms | $297.5K | $381K | +28.1% |
| 5+ Bedrooms | $332.5K | $602.5K | +81.2% |
Summary: 38478 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes decreased by 21.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 81.2%.
Median Sold Price Compared To Nearby Zip Codes
| 38478 | $254.5K | $276.5K | +8.6% |
| 38477 | $277.4K | $207.9K | -25.1% |
Housing Supply in 38478, TN
How many homes are available in 38478, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 131 | +18.0% |
Summary: The 38478 real estate market had 131 homes for sale in October 2024, a 18.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 78 | 88 | +12.8% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 38478 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 28.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38478, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 38478 in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 87% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for 38478, TN
How long does it take to sell a home in 38478, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 43 Days | +24.4% |
Summary: Homes in 38478 had an average of 43 days on market in Oct 2024, up by 24.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 38478 has remained consistent over time.
Summary: During October 2024, 15 homes were sold in 38478; 33% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 7% 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.