The 38016 housing market is somewhat competitive. The median sale price of a home in 38016 was $300K last month, down 5.5% since last year. The median sale price per square foot in 38016 is $139, down 5.4% since last year.
In October 2024, 38016 home prices were down 5.5% compared to last year, selling for a median price of $300K. On average, homes in 38016 sell after 33 days on the market compared to 40 days last year. There were 104 homes sold in October this year, down from 137 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$300,000
-5.5% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
38016, TN
$300,000
-5.5%
United States
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How hot is the 38016 housing market?
38016 is somewhat competitive. Homes sell in 31 days.
0
100
64
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 31 days.
Hot homes
can sell for around list price and go pending in around 14 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 38016 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 38016.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
38016 has a minor risk of flooding. 633 properties in 38016 are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in 38016. Flood risk is increasing slower than the national average.
14% of properties are at risk of wildfire over the next 30 years
Fire Factor
38016 has a moderate risk of wildfire. There are 2,141 properties in 38016 that have some risk of being affected by wildfire over the next 30 years. This represents 14% of all properties in 38016.
99% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
38016 has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 38016 is most at risk from hurricanes. 15,094 properties in 38016 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 73 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 82 mph.