$10,000 Closing Credit*
$925,000
3,032 SqFt
3 Beds
•2 Full Baths, 1 Partial
Heather Underwood, Listing Office: Underwood Hometown Realty, LLC
Is 38547, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 38547 has remained a Seller's Market.
Key Takeaway
38547 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38547, TN
How much do homes in 38547, TN cost?
Median Sold Price
$342,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$57,400(-14.4%)
Key Takeaway
Homes in 38547 have sold for 14.4% less than they did a year ago.
Summary: The median home sold price in 38547 was $342,500 in November 2024, down 14.4% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $71.5K | -68.2% |
| 2 Bedrooms | $415K | $282.5K | -31.9% |
| 3 Bedrooms | $389.9K | $342.5K | -12.2% |
| 4 Bedrooms | $512.7K | $598.7K | +16.8% |
| 5+ Bedrooms | $1.0M | - | N/A |
Summary: 38547 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.2%, 2 bedroom homes decreased by 31.9%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 37030 | $260K | $291K | +11.9% |
| 38547 | $399.9K | $342.5K | -14.4% |
Housing Supply in 38547, TN
How many homes are available in 38547, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The 38547 real estate market had 17 homes for sale in November 2024, a 6.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 38547 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 decreased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38547, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 38547 in November 2024, up by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 38547, TN
How long does it take to sell a home in 38547, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 8 Days | -82.3% |
Summary: Homes in 38547 had an average of 8 days on market in Nov 2024, down by 82.3% compared to last year.
Breakdown of Home Sale Times
3 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 38547 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 38547; 100% 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.