Housing Prices in 38305, TN

How much do homes in 38305, TN cost?

Median List Price

$279,450

$157/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

-$95,450(-25.5%)

Key Takeaway

The list price of homes in 38305 has decreased by 25.5% since last year.

Summary: The median home list price in 38305 was $279,450 in October 2024, down 25.5% from the previous year, and the median price per square foot was $157.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $199.9K-
N/A
3 $255K$249.4K
-2.2%
4 $427.4K$355K
-16.9%
5+ $749.9K$499.9K
-33.3%

Summary: 38305 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes decreased by 33.3%.

Median List Price Compared To Nearby Zip Codes

38301
+18.8%
38355
-8.3%
38305
-25.5%

Housing Supply in 38305, TN

How many homes are available in 38305, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2833+17.9%

Summary: The 38305 real estate market had 33 homes for sale in October 2024, a 17.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1719
+11.8%
4 57
+40.0%
5+ 67
+16.7%

Summary: The 38305 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 16.7%.

Days on Market for 38305, TN

How long does it take to sell a home in 38305, TN?

Average Listing Age

Oct 2023Oct 2024CHANGE
196 Days115 Days-41.2%

Summary: Homes in 38305 had an average listing age of 115 days in Oct 2024, down by 41.2% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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Newest Listings in 38305, TN

Nearby Markets to 38305, TN

MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS, and Memphis MLS for the period 11/01/2022 - 11/01/2024

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.

IDX© 2024 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: 11/23/2024, 8:18:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Copyright© 2024 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: 11/23/2024, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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