38238
Martin, Tennessee
Martin 38238 needs watching.
The 38238 ZIP code in Martin, Tennessee has a median sale price of $315K, down N/A year-over-year. Homes spend an average of 199 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38238.
The Martin, TN 38238 market shows significant buyer advantage with homes taking 199 days to sell, triple the national average of healthy markets. The $315,000 median sale price holds flat year-over-year, indicating price discovery has stalled rather than corrected. Notably, zero percent of homes are selling above list price, confirming sellers have lost pricing power entirely. This extended inventory sits as buyers wait for motivated sellers to adjust expectations downward.
Cost-conscious buyers willing to negotiate gain maximum leverage here, particularly those who can absorb the 6-7 month typical transaction timeline without urgency. Investors seeking cash flow over appreciation should proceed cautiously given stagnant values and the 27 PropIQ score. Sellers face difficult choices: price aggressively below recent comparables to compete in the 199-day cycle, or wait for conditions that may not materialize soon. This environment punishes aspirational pricing severely.
The 27 PropIQ score signals deteriorating fundamentals that typically precede price corrections of 5-15% in similar small markets. Watch for acceleration in days-on-market beyond 200 days, which would indicate further demand erosion. The zero-percent above-list statistic suggests appraisal gaps may widen if sellers resist price discovery. Without demand catalysts, this market trends toward a buyer's market deepening through 2026 rather than stabilizing.
What is the median home price in 38238 Martin?
The median sale price in 38238 is $315K, down N/A year-over-year as of 2025-10-31.
How long do homes stay on the market in Martin 38238?
Homes in 38238 Martin spend an average of 199 days on market before going under contract.
Is Martin 38238 a good place to invest in real estate?
Folio's PropIQ™ score for 38238 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 38238?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 27 = Caution in 38238 Martin, Tennessee.