38105 Housing Market Report February 2025•Shelby County, Tennessee

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Housing Prices in 38105, TN

How much do homes in 38105, TN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$169,950–
+$29,950
+21.4%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 38105 has increased by 21.4% since last year.

Summary: The median home list price in 38105 was $169,950 in February 2025, up 21.4% from the previous year, and the median price per square foot was $0.

Median List Price By Zip Codes

Median List Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
38105
+21.4%
38104
+6.5%
38107
-4.5%
38103
-6.2%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$119.9K$120K
0.0%
3$120K$265K
+120.8%
4$339.9K$277.5K
-18.4%
5--
N/A

Summary: 38105 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +120.8%. The home price for 4 bedroom homes decreased by -18.4%. The home price for 5 bedroom homes did not change.

Housing supply in 38105, TN

How many homes are available in 38105, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
17Last MonthFeb 2025
162 months agoJan 2025
+6.3 %
Change MoMJan – Feb

Summary: The 38105 real estate market had 17 homes for sale in Feb 2025, a 6.3 % increase compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
2710
+42.9%
364
-33.3%
433
0.0%
500
0.0%

Summary: 38105 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +42.9%. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Days on Market for 38105, TN

How long does it take to sell a home in 38105, TN?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
265 DaysThis YearFeb 2025
1,187 Days1 year agoFeb 2024
-77.7 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 38105 had an average listing age of 265 days in Feb 2025, down by 77.7% compared to the previous year.

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Newest Listings in 38105, TN

What homes are available in 38105, TN?

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MLS Disclaimers and Copyright

Based on information from Memphis MLS, for the period 03/01/2023 - 03/01/2025

Copyright© 2025 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: 3/8/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.