$4,631 Closing Credit*
$389,998
1,831 SqFt
3 Beds
•2 Full Baths
Listing Office: Elevate Real Estate
Is 38544, 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, 38544 was a Seller's Market.
Key Takeaway
38544 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 38544, TN
How much do homes in 38544, TN cost?
Median Sold Price
$284,990
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,010(-5.6%)
Key Takeaway
Homes in 38544 have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in 38544 was $284,990 in November 2024, down 5.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179.9K | N/A |
| 2 Bedrooms | $240K | $178K | -25.8% |
| 3 Bedrooms | $298.7K | $279K | -6.6% |
| 4 Bedrooms | $568.4K | $368K | -35.3% |
| 5+ Bedrooms | $407.4K | $390K | -4.3% |
Summary: 38544 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 decreased by 25.8%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Zip Codes
| 38582 | $500K | $654.5K | +30.9% |
| 38544 | $302K | $284.9K | -5.6% |
Housing Supply in 38544, TN
How many homes are available in 38544, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 68 | +1.5% |
Summary: The 38544 real estate market had 68 homes for sale in November 2024, a 1.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 44 | 45 | +2.3% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 38544 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38544, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 38544 in November 2024, up by 120.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 55% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 83 Days | +84.0% |
Summary: Homes in 38544 had an average of 83 days on market in Nov 2024, up by 84% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38544 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 38544; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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