$6,614 Closing Credit*
$557,000
2,138 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Highlands Elite Real Estate
Is 38574, 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, 38574 was a Seller's Market.
Key Takeaway
38574 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 38574, TN
How much do homes in 38574, TN cost?
Median Sold Price
$499,900
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$154,971(+44.9%)
Key Takeaway
Homes in 38574 have sold for 44.9% more than they did a year ago.
Summary: The median home sold price in 38574 was $499,900 in November 2024, up 44.9% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $319.9K | $235K | -26.5% |
| 2 Bedrooms | $315K | $285K | -9.5% |
| 3 Bedrooms | $379.5K | $520K | +37.0% |
| 4 Bedrooms | $547.5K | $425K | -22.4% |
| 5+ Bedrooms | $470K | $529.5K | +12.7% |
Summary: 38574 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 37%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes increased by 12.7%.
Housing Supply in 38574, TN
How many homes are available in 38574, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 49 | -2.0% |
Summary: The 38574 real estate market had 49 homes for sale in November 2024, a 2.0% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 37 | 38 | +2.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 38574 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 50%, 3 bedroom homes increased by 2.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38574, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 38574 in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for 38574, TN
How long does it take to sell a home in 38574, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 65 Days | +48.9% |
Summary: Homes in 38574 had an average of 65 days on market in Nov 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38574 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 38574; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% 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.