New - 3 days on Rocket
$2,255 Closing Credit¹
#10191155, Listing Office: Keller Williams
38115 Housing Market Report February 2025•Shelby County, Tennessee
Housing Prices in 38115, TN
How much do homes in 38115, TN cost?
Median List Price
$137,950$92/SqFt
-$32,050
-18.9%
Based on all homes listed in the last 12 months
Insight
The list price of homes in 38115 has decreased by 18.9% since last year.
Summary: The median home list price in 38115 was $137,950 in February 2025, down 18.9% from the previous year, and the median price per square foot was $92.
Median List Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $42K | $87.5K | +108.3% |
| 22 Bedrooms | $89.9K | $60K | -33.3% |
| 33 Bedrooms | $180K | $160K | -11.1% |
| 44 Bedrooms | $219K | $209.5K | -4.3% |
| 55+ Bedrooms | $229.9K | $199.9K | -13.0% |
Summary: 38115 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +108.3%. The home price for 2 bedroom homes decreased by -33.3%. The home price for 3 bedroom homes decreased by -11.1%. The home price for 4 bedroom homes decreased by -4.3%. The home price for 5 bedroom homes decreased by -13.0%.
Housing supply in 38115, TN
How many homes are available in 38115, TN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 81Last MonthFeb 2025 | ||
| 642 months agoJan 2025 | +26.6 % Change MoMJan – Feb |
Summary: The 38115 real estate market had 81 homes for sale in Feb 2025, a 26.6 % increase compared to Jan 2025.
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 44 Bedrooms | 10 | 9 | -10.0% |
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 22 | 28 | +27.3% |
| 33 Bedrooms | 28 | 39 | +39.3% |
| 55+ Bedrooms | 3 | 4 | +33.3% |
Summary: 38115 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 4 bedroom homes decreased by -10.0%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +27.3%. The inventory for 3 bedroom homes increased by +39.3%. The inventory for 5 bedroom homes increased by +33.3%.
Asking Price vs. Sold Price
How much do homes in 38115, TN cost?
Over Asking Price1 Home
At Asking Price2 Homes
Under Asking Price4 Homes
Insight
If you're buying a home in 38115, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 38115 in February 2025, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and and 14% were sold over asking.
Days on Market for 38115, TN
How long does it take to sell a home in 38115, TN?
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 321 DaysThis YearFeb 2025 | ||
| 1,225 Days1 year agoFeb 2024 | -73.8 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 38115 had an average listing age of 321 days in Feb 2025, down by 73.8% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in 38115, TN
What homes are available in 38115, TN?
New - 4 days on Rocket
$3,058 Closing Credit¹
#10191076, Listing Office: Keller Williams
New - 6 days on Rocket
$2,374 Closing Credit¹
#10191007, Listing Office: Cahltrep Realty, LLC
$1,603 Closing Credit¹
#10190745, Listing Office: United Real Estate Mid South
$2,553 Closing Credit¹
#10190646, Listing Office: Fast Track Realty, LLC
$2,553 Closing Credit¹
#10190313, Listing Office: KAIZEN Realty, LLC
$1,436 Closing Credit¹
#10190126, Listing Office: Fast Track Realty, LLC
$1,186 Closing Credit¹
#10190094, Listing Office: Leco Realty, Inc.
$2,672 Closing Credit¹
#10190036, Listing Office: REMAX Experts
$2,244 Closing Credit¹
#10190015, Listing Office: Keller Williams
$1,366 Closing Credit¹
#10189877, Listing Office: Real Estate Agency
$742 Closing Credit¹
#10189832, Listing Office: Crye-Leike, Inc., REALTORS
Popular Cities with Homes for Sale in Tennessee
- Homes for sale in Brentwood, TN
- Homes for sale in Bristol, TN
- Homes for sale in Chattanooga, TN
- Homes for sale in Clarksville, TN
- Homes for sale in Cleveland, TN
- Homes for sale in Collierville, TN
- Homes for sale in Columbia, TN
- Homes for sale in Cookeville, TN
- Homes for sale in Franklin, TN
- Homes for sale in Greeneville, TN
- Homes for sale in Hendersonville, TN
- Homes for sale in Jackson, TN
- Homes for sale in Johnson City, TN
- Homes for sale in Kingsport, TN
- Homes for sale in Knoxville, TN
- Homes for sale in Lebanon, TN
- Homes for sale in Maryville, TN
- Homes for sale in Memphis, TN
- Homes for sale in Murfreesboro, TN
- Homes for sale in Nashville, TN
- Homes for sale in Sevierville, TN
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: 3/6/2025, 9:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 9:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.