$39,900
2.50 Acres
Land
Christa St John, Listing Office: American Way Real Estate
Is 38583, 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, 38583 was a Seller's Market.
Key Takeaway
38583 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38583, TN
How much do homes in 38583, TN cost?
Median Sold Price
$289,929
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,029(+16.0%)
Key Takeaway
Homes in 38583 have sold for 16% more than they did a year ago.
Summary: The median home sold price in 38583 was $289,929 in October 2024, up 16% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $156K | -12.8% |
| 2 Bedrooms | $185K | $214.4K | +15.9% |
| 3 Bedrooms | $249.9K | $289K | +15.6% |
| 4 Bedrooms | $358K | $357.5K | -0.1% |
| 5+ Bedrooms | $375.5K | $409.9K | +9.2% |
Summary: 38583 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Zip Codes
| 38583 | $249.9K | $289.9K | +16.0% |
| 38559 | $270K | $255.5K | -5.4% |
| 38544 | $324.9K | $284.9K | -12.3% |
Housing Supply in 38583, TN
How many homes are available in 38583, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 190 | 195 | +2.6% |
Summary: The 38583 real estate market had 195 homes for sale in October 2024, a 2.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 36 | 38 | +5.6% |
| 3 Bedrooms | 116 | 111 | -4.3% |
| 4 Bedrooms | 17 | 24 | +41.2% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The 38583 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 14 | -51.7% |
Asking Price vs. Sold Price
11 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 38583, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 38583 in October 2024, down by 51.7% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for 38583, TN
How long does it take to sell a home in 38583, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 47 Days | +17.5% |
Summary: Homes in 38583 had an average of 47 days on market in Oct 2024, up by 17.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 38583 has remained consistent over time.
Summary: During October 2024, 14 homes were sold in 38583; 36% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 7% 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.