$229,900
5.76 Acres
Land
Joey McDonald, Listing Office: Center Hill Realty
Is 38581, 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, 38581 was a Neutral Market.
Key Takeaway
38581 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38581, TN
How much do homes in 38581, TN cost?
Median Sold Price
$315,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,100(+15.0%)
Key Takeaway
Homes in 38581 have sold for 15% more than they did a year ago.
Summary: The median home sold price in 38581 was $315,000 in October 2024, up 15% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $289.9K | $130K | -55.2% |
| 3 Bedrooms | $225K | $275K | +22.2% |
| 4 Bedrooms | $454.9K | $522.5K | +14.8% |
| 5+ Bedrooms | $2.1M | $717K | -66.7% |
Summary: 38581 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 55.2%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 66.7%.
Median Sold Price Compared To Nearby Zip Codes
| 38581 | $273.9K | $315K | +15.0% |
| 37110 | $250K | $260K | +4.0% |
| 38559 | $270K | $255.5K | -5.4% |
Housing Supply in 38581, TN
How many homes are available in 38581, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 12 | -36.8% |
Summary: The 38581 real estate market had 12 homes for sale in October 2024, a 36.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 1 | -80.0% |
| 3 Bedrooms | 10 | 5 | -50.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 38581 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 decreased by 80%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38581, 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 38581 in October 2024, down by 85.7% month-over-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 38581, TN
How long does it take to sell a home in 38581, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 3 Days | -93.5% |
Summary: Homes in 38581 had an average of 3 days on market in Oct 2024, down by 93.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38581 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 38581; 100% of homes were sold within 30 days, 0% 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.