38585 Home Values & Market Trends
There are 16 homes currently listed for 38585. 38585 real estate market trends show that home prices range from $29,900 to $535,000, and the median sales price in the 38585 zip code is $177,341.1. The total number of properties sold within the past twelve months is 110. In 38585, 2 properties are in foreclosure, 0 are bank owned properties,and 2 are headed for auction.
38585 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Spencer | $ 184,500 $ 141/sqft |
Housing Market Summary for 38585
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $345K | $128.3K | -62.80% |
| Median Sold Price | $173K | $128.3K | -25.82% |
| Homes For Sale | 21 | 19 | -9.52% |
| Homes Sold | 58 | 56 | -3.45% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 38585
Browse Homes in 38585
The median list price of a home in Spencer, is $177,341.1. A total of 16 properties are for sale, and the percentage of properties for sale in the zip code is 16.00%. The total count of 38585 properties is 1,791.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 38585 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 38585; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 38585 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 38585. There is 1 cities within 38585; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsspencer has 2 auction properties, the highest number of properties going to auction in a single city in the state of 38585. Auction homes and other auction properties account for 0.11% of all properties in 38585. There is 1 cities within 38585; of that cities, the median estimated home value for homes going to auction ranges from $174,929 in spencer to the lowest value of $174,929 in spencer.
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Guide for 38585
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.
Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices
Tennessee Foreclosure Laws
