$5,105 Closing Credit*
$429,900
2,949 SqFt
3 Beds
•3 Full Baths
Brandon Carver, Listing Office: Bradford Real Estate
Is 38582, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 38582 has remained a Seller's Market.
Key Takeaway
38582 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38582, TN
How much do homes in 38582, TN cost?
Median Sold Price
$465,450
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$44,550(-8.7%)
Key Takeaway
Homes in 38582 have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in 38582 was $465,450 in October 2024, down 8.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $500K | N/A |
| 2 Bedrooms | $480K | $307.4K | -35.9% |
| 3 Bedrooms | $584.9K | $380K | -35.0% |
| 4 Bedrooms | $497.5K | $730.5K | +46.8% |
| 5+ Bedrooms | $710K | $725K | +2.1% |
Summary: 38582 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 35.9%, 3 bedroom homes decreased by 35%, 4 bedroom homes increased by 46.8%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 38582, TN
How many homes are available in 38582, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Summary: The 38582 real estate market had 20 homes for sale in October 2024, a 42.9% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 38582 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 44.4%, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 38582, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 38582 in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 38582, TN
How long does it take to sell a home in 38582, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 14 Days | -80.0% |
Summary: Homes in 38582 had an average of 14 days on market in Oct 2024, down by 80% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 38582 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 38582; 80% of homes were sold within 30 days, 20% 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.