Is 38573, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38573 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 38573 was a Neutral Market.

Key Takeaway

38573 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 38573, TN

How much do homes in 38573, TN cost?

Median Sold Price

$400,000

$187/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$125,000(+45.5%)

Key Takeaway

Homes in 38573 have sold for 45.5% more than they did a month ago.

Summary: The median home sold price in 38573 was $400,000 in October 2024, up 45.5% from last month, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $275K$400K
+45.5%
4 --
N/A
5+ --
N/A

Summary: 38573 housing prices by bedroom type for October 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 45.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38573
+45.5%
38570
-7.0%

Housing Supply in 38573, TN

How many homes are available in 38573, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
78+14.3%

Summary: The 38573 real estate market had 8 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 45
+25.0%
4 10
-100.0%
5+ 12
+100.0%

Summary: The 38573 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 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38573, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 38573 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 38573, TN

How long does it take to sell a home in 38573, TN?

Average Sale Time

Sep 2024Oct 2024CHANGE
95 Days226 Days+137.9%

Summary: Homes in 38573 had an average of 226 days on market in Oct 2024, up by 137.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 38573 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 38573; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 38573, TN

Nearby Markets to 38573, TN