$10,000 Closing Credit*
$975,000
2,018 SqFt
4 Beds
•2 Full Baths, 2 Partial
Victor Bullard, Listing Office: The Property Company
Is 38562, 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, 38562 was a Seller's Market.
Key Takeaway
38562 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38562, TN
How much do homes in 38562, TN cost?
Median Sold Price
$220,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,000(+10.6%)
Key Takeaway
Homes in 38562 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 38562 was $220,000 in November 2024, up 10.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $111K | $129K | +16.2% |
| 2 Bedrooms | $134K | $215K | +60.4% |
| 3 Bedrooms | $275K | $237K | -13.8% |
| 4 Bedrooms | $389K | $333.7K | -14.2% |
| 5+ Bedrooms | $110K | - | N/A |
Summary: 38562 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 60.4%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 14.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38562 | $199K | $220K | +10.6% |
| 38501 | $289.7K | $319.2K | +10.2% |
Housing Supply in 38562, TN
How many homes are available in 38562, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The 38562 real estate market had 42 homes for sale in November 2024, a 2.3% 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 | 20 | 21 | +5.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 38562 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 increased by 5%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38562, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 38562 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 38562, TN
How long does it take to sell a home in 38562, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 28 Days | -45.4% |
Summary: Homes in 38562 had an average of 28 days on market in Nov 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38562 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 38562; 50% of homes were sold within 30 days, 50% 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.