$5,451 Closing Credit*
$459,000
2,284 SqFt
3 Beds
•2 Full Baths, 1 Partial
Laurie Hendrickson, Listing Office: TriStar Elite Realty
Is 38483, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 38483 was a Buyer's Market.
Key Takeaway
38483 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 38483, TN
How much do homes in 38483, TN cost?
Median Sold Price
$355,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+8.6%)
Key Takeaway
Homes in 38483 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 38483 was $355,000 in October 2024, up 8.6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | - | N/A |
| 2 Bedrooms | $241.5K | $326K | +35.0% |
| 3 Bedrooms | $369.5K | $362.5K | -1.9% |
| 4 Bedrooms | $287K | $512K | +78.4% |
| 5+ Bedrooms | - | $320K | N/A |
Summary: 38483 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 increased by 35%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 78.4%, and 5+ bedroom homes did not change.
Housing Supply in 38483, TN
How many homes are available in 38483, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 42 | -8.7% |
Summary: The 38483 real estate market had 42 homes for sale in October 2024, a 8.7% decrease 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 38483 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 decreased by 14.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 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 38483, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 38483 in October 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 38483, TN
How long does it take to sell a home in 38483, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 82 Days | 40 Days | -50.4% |
Summary: Homes in 38483 had an average of 40 days on market in Oct 2024, down by 50.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 38483 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 38483; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.