38329 Housing Market Report January 2025•Decatur County, Tennessee

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Housing Prices in 38329, TN

How much do homes in 38329, TN cost?

Housing Market Conditions

Is 38329, TN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

38329 is a Buyer's Market

Difference Since December 2024

Last month, 38329 has remained a Buyer's Market.

Insight

38329 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$235,750$124/SqFt
-$114,250
-32.6%

Based on all homes sold in January 2025

Insight

Homes in 38329 have sold for 32.6% less than they did a month ago.

Summary: The median home sold price in 38329 was $235,750 in January 2025, down 32.6% from last month, and the median price per square foot was $124.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
38311
+295.9%
38363
+42.4%
38329
-32.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2--
N/A
3$350K$235.7K
-32.6%
4--
N/A
5--
N/A

Summary: 38329 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -32.6%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 38329, TN

How many homes are available in 38329, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
24Last MonthJan 2025
232 months agoDec 2024
+4.3 %
Change MoMDec – Jan

Summary: The 38329 real estate market had 24 homes for sale in Jan 2025, a 4.3 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthJan 2025
22 months agoDec 2024
0.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
111
0.0%
235
+66.7%
31614
-12.5%
412
+100.0%
522
0.0%

Summary: 38329 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +66.7%. The inventory for 3 bedroom homes decreased by -12.5%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 38329, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 38329, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 38329 in January 2025, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 38329, TN

How long does it take to sell a home in 38329, TN?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days2 Homes

Insight

Most homes in 38329 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 2 homes were sold in 38329; 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
120 DaysLast MonthJan 2025
88 Days1 month agoDec 2024
+36.9 %
Change MoMDec – Jan

Summary: Homes in 38329 had an average listing age of 120 days in Jan 2025, up by 36.9% compared to the previous month.

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Newest Listings in 38329, TN

What homes are available in 38329, TN?

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MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS, and Memphis MLS for the period 12/01/2024 - 02/01/2025

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX© 2025 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 11:48:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 2:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.