$3,669 Closing Credit*
$309,000
1,568 SqFt
3 Beds
•2 Full Baths
Listing Office: CENTURY 21 Realty Group, LLC
Is 38571, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 38571 was a Seller's Market.
Key Takeaway
38571 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 38571, TN
How much do homes in 38571, TN cost?
Median Sold Price
$340,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,500(+4.8%)
Key Takeaway
Homes in 38571 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 38571 was $340,000 in October 2024, up 4.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $70K | -22.2% |
| 2 Bedrooms | $221.7K | $168K | -24.2% |
| 3 Bedrooms | $328K | $348.5K | +6.3% |
| 4 Bedrooms | $352.1K | $370K | +5.1% |
| 5+ Bedrooms | $1.0M | $475K | -52.5% |
Summary: 38571 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 24.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 52.5%.
Housing Supply in 38571, TN
How many homes are available in 38571, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 98 | +11.4% |
Summary: The 38571 real estate market had 98 homes for sale in October 2024, a 11.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 24 | 0.0% |
| 3 Bedrooms | 52 | 59 | +13.5% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 38571 housing inventory by bedroom type for October 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 13.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38571, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 38571 in October 2024, up by 87.5% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.
Days on Market for 38571, TN
How long does it take to sell a home in 38571, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 71 Days | +57.3% |
Summary: Homes in 38571 had an average of 71 days on market in Oct 2024, up by 57.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38571 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 38571; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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