$4,513 Closing Credit*
$380,000
1,668 SqFt
3 Beds
•3 Full Baths
Debbie Foster, Listing Office: True North Real Estate Services, LLC
Is 38544, 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, 38544 was a Seller's Market.
Key Takeaway
38544 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38544, TN
How much do homes in 38544, TN cost?
Median Sold Price
$284,995
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$39,995(-12.3%)
Key Takeaway
Homes in 38544 have sold for 12.3% less than they did a year ago.
Summary: The median home sold price in 38544 was $284,995 in October 2024, down 12.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $263K | N/A |
| 2 Bedrooms | $240K | $178K | -25.8% |
| 3 Bedrooms | $329.9K | $275K | -16.7% |
| 4 Bedrooms | $437.2K | $440K | +0.6% |
| 5+ Bedrooms | $405K | $390K | -3.7% |
Summary: 38544 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 25.8%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Zip Codes
| 38582 | $510K | $465.4K | -8.7% |
| 38544 | $324.9K | $284.9K | -12.3% |
Housing Supply in 38544, TN
How many homes are available in 38544, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 69 | +16.9% |
Summary: The 38544 real estate market had 69 homes for sale in October 2024, a 16.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 39 | 44 | +12.8% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 38544 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38544, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 38544 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 38544, TN
How long does it take to sell a home in 38544, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 54 Days | +104.5% |
Summary: Homes in 38544 had an average of 54 days on market in Oct 2024, up by 104.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 38544 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 38544; 20% of homes were sold within 30 days, 80% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.