Housing Prices in 38311, TN

How much do homes in 38311, TN cost?

Median List Price

$622,500

$239/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

+$373,000(+149.5%)

Key Takeaway

The list price of homes in 38311 has increased by 149.5% since last year.

Summary: The median home list price in 38311 was $622,500 in November 2024, up 149.5% from the previous year, and the median price per square foot was $239.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$109.9K
N/A
2 $249.5K$839K
+236.3%
3 $159.9K$269.9K
+68.8%
4 $640K$669K
+4.5%
5+ $1.1M$625K
-44.1%

Summary: 38311 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 236.3%, 3 bedroom homes increased by 68.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 44.1%.

Median List Price Compared To Nearby Zip Codes

38311
+149.5%
38425
+57.9%
38329
+42.6%

Housing Supply in 38311, TN

How many homes are available in 38311, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
97-22.2%

Summary: The 38311 real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 11
0.0%
3 11
0.0%
4 53
-40.0%
5+ 00
0.0%

Summary: The 38311 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Days on Market for 38311, TN

How long does it take to sell a home in 38311, TN?

Average Listing Age

Nov 2023Nov 2024CHANGE
215 Days195 Days-9.1%

Summary: Homes in 38311 had an average listing age of 195 days in Nov 2024, down by 9.1% compared to the previous year.

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

Report Updated 18 Days Ago

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Newest Listings in 38311, TN

Nearby Markets to 38311, TN

MLS Disclaimers and Copyright

Based on information from Memphis MLS, and RealTracs Middle Tennessee Regional MLS for the period 12/01/2022 - 12/01/2024

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: 12/19/2024, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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: 12/19/2024, 10:18:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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