#10198100, Listing office: Bluff City Realty Group, LLC
38122 Housing Market Report May 2025•Shelby County, Tennessee
Housing Prices in 38122, TN
How much do homes in 38122, TN cost?
Housing Market Conditions
Is 38122, TN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
38122 is a Seller's Market
Difference Since April 2025
Last month, 38122 was a Buyer's Market.
38122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in May 2025
Homes in 38122 have sold for 12.1% more than they did a month ago.
Summary: The median home sold price in 38122 was $176,000 in May 2025, up 12.1% from last month, and the median price per square foot was $88.
Median Sold Price By Bedrooms
Beds | Apr 2025 | May 2025 | Change MoM |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | $115K | $138K | +20.0% |
33 Bedrooms | $163.4K | $187.5K | +14.7% |
44 Bedrooms | $275K | $239.5K | -12.9% |
55+ Bedrooms | - | - | N/A |
Summary: 38122 housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +20.0%. The home price for 3 bedroom homes increased by +14.7%. The home price for 4 bedroom homes decreased by -12.9%. The home price for 5 bedroom homes did not change.
How does 38122, TN compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
38122, TN
Housing supply in 38122, TN
How many homes are available in 38122, TN?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
134Last MonthMay 2025 | ||
1142 months agoApr 2025 | +17.5 % Change MoMApr – May |
Summary: The 38122 real estate market had 134 homes for sale in May 2025, a 17.5 % increase compared to Apr 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
28Last MonthMay 2025 | ||
152 months agoApr 2025 | +86.7 % Change MoMApr – May |
Homes For Sale By Bedroom Count
Beds | Apr 2025 | May 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 1 | 0.0% |
22 Bedrooms | 46 | 55 | +19.6% |
33 Bedrooms | 61 | 71 | +16.4% |
44 Bedrooms | 4 | 5 | +25.0% |
55+ Bedrooms | 2 | 2 | 0.0% |
Summary: 38122 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +19.6%. The inventory for 3 bedroom homes increased by +16.4%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 38122, TN cost?
Over Asking Price6 Homes
At Asking Price9 Homes
Under Asking Price13 Homes
If you're buying a home in 38122, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 38122 in May 2025, up by 86.7% month-over-month. Of the 28 sold homes, 46% were sold under asking, 32% were sold at asking, and and 21% were sold over asking.
Days on Market for 38122, TN
How long does it take to sell a home in 38122, TN?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days0 Home
Many homes in 38122 are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 28 homes were sold in 38122; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
Last Month | 1 month ago | Change MoM |
---|---|---|
10 DaysLast MonthMay 2025 | ||
0 Days1 month agoApr 2025 | 0.0 % Change MoMApr – May |
Summary: Homes in 38122 had an average listing age of 10 days in May 2025, down by .0% compared to the previous month.
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Newest Listings in 38122, TN
What homes are available in 38122, TN?
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MLS Disclaimers and Copyright
Based on information from Memphis MLS, for the period 04/01/2025 - 06/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 12:55:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.