$5,000
0.73 Acres
Land
Listing Office: Better Homes and Garden Real Estate Gwin Realty
Is 38558, 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, 38558 has remained a Seller's Market.
Key Takeaway
38558 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38558, TN
How much do homes in 38558, TN cost?
Median Sold Price
$375,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,333(+2.0%)
Key Takeaway
Homes in 38558 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 38558 was $375,000 in November 2024, up 2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $58K | -53.6% |
| 2 Bedrooms | $237.2K | $277.5K | +17.0% |
| 3 Bedrooms | $395.3K | $415K | +5.0% |
| 4 Bedrooms | $550K | $505K | -8.2% |
| 5+ Bedrooms | $227K | $1.1M | +384.6% |
Summary: 38558 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.6%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 384.6%.
Median Sold Price Compared To Nearby Zip Codes
| 38571 | $324K | $345K | +6.5% |
| 38558 | $367.6K | $375K | +2.0% |
Housing Supply in 38558, TN
How many homes are available in 38558, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 185 | 172 | -7.0% |
Summary: The 38558 real estate market had 172 homes for sale in November 2024, a 7.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 41 | 34 | -17.1% |
| 3 Bedrooms | 123 | 115 | -6.5% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 38558 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 17.1%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 34 | +36.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38558, you may be able to get a good deal. 85.3% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 38558 in November 2024, up by 36.0% month-over-month. Of the 34 sold homes, 85% were sold under asking, 15% were sold at asking, and 0% were sold over asking.
Days on Market for 38558, TN
How long does it take to sell a home in 38558, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 52 Days | +52.8% |
Summary: Homes in 38558 had an average of 52 days on market in Nov 2024, up by 52.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38558 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in 38558; 47% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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. 
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 Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.