$3,787 Closing Credit*
$318,900
1,540 SqFt
3 Beds
•2 Full Baths
Sonja Brown, Listing Office: American Way Real Estate
Is 38563, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 38563 has remained a Seller's Market.
Key Takeaway
38563 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38563, TN
How much do homes in 38563, TN cost?
Median Sold Price
$902,500
$266/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$567,500(+169.4%)
Key Takeaway
Homes in 38563 have sold for 169.4% more than they did a month ago.
Summary: The median home sold price in 38563 was $902,500 in November 2024, up 169.4% from last month, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $334.9K | $405K | +20.9% |
| 4 Bedrooms | - | $1.4M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 38563 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 38563 | $334.9K | $902.5K | +169.4% |
| 38560 | $235K | $537K | +128.5% |
| 38567 | $320K | $330K | +3.1% |
Housing Supply in 38563, TN
How many homes are available in 38563, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The 38563 real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 38563 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38563, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 38563 in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 38563, TN
How long does it take to sell a home in 38563, TN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 Days | 27 Days | -74.8% |
Summary: Homes in 38563 had an average of 27 days on market in Nov 2024, down by 74.8% compared to last month.
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 38563 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 38563; 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.