New - 5 days on Rocket
#10191113, Listing Office: Welch Realty, LLC
38126 Housing Market Report February 2025•Shelby County, Tennessee
Housing Prices in 38126, TN
How much do homes in 38126, TN cost?
Median List Price
$100,250–
-$750
-0.7%
Based on all homes listed in the last 12 months
Insight
The list price of homes in 38126 has decreased by 0.7% since last year.
Summary: The median home list price in 38126 was $100,250 in February 2025, down 0.7% from the previous year, and the median price per square foot was $0.
Median List Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $24.9K | $299.9K | +1104.4% |
| 33 Bedrooms | $101K | $99.5K | -1.5% |
| 44 Bedrooms | $159.5K | $157.4K | -1.3% |
| 55+ Bedrooms | - | $127K | N/A |
Summary: 38126 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 increased by +1104.4%. The home price for 3 bedroom homes decreased by -1.5%. The home price for 4 bedroom homes decreased by -1.3%. The home price for 5 bedroom homes did not change.
Housing supply in 38126, TN
How many homes are available in 38126, TN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 15Last MonthFeb 2025 | ||
| 92 months agoJan 2025 | +66.7 % Change MoMJan – Feb |
Summary: The 38126 real estate market had 15 homes for sale in Feb 2025, a 66.7 % increase compared to Jan 2025.
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 33 Bedrooms | 6 | 9 | +50.0% |
| 44 Bedrooms | 1 | 3 | +200.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 55+ Bedrooms | 1 | 2 | +100.0% |
Summary: 38126 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 3 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes increased by +200.0%. The inventory for 2 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.
Asking Price vs. Sold Price
How much do homes in 38126, TN cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in 38126, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 38126 in February 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for 38126, TN
How long does it take to sell a home in 38126, TN?
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 223 DaysThis YearFeb 2025 | ||
| 808 Days1 year agoFeb 2024 | -72.4 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 38126 had an average listing age of 223 days in Feb 2025, down by 72.4% compared to the previous year.
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Newest Listings in 38126, TN
What homes are available in 38126, TN?
New - 7 days on Rocket
$534 Closing Credit¹
#10191027, Listing Office: 4 Success Realty, LLC
#10190898, Listing Office: Welch Realty, LLC
#10190899, Listing Office: Welch Realty, LLC
$772 Closing Credit¹
#10190671, Listing Office: Harris & Harris Realty Group,
$2,672 Closing Credit¹
#10190595, Listing Office: Patterson & Assoc. Real Estate
$2,672 Closing Credit¹
#10190594, Listing Office: Patterson & Assoc. Real Estate
$2,791 Closing Credit¹
#10190593, Listing Office: Patterson & Assoc. Real Estate
$830 Closing Credit¹
#10190244, Listing Office: Weichert, REALTORS-BenchMark
#10190192, Listing Office: Crye-Leike, Inc., REALTORS
$891 Closing Credit¹
#10188600, Listing Office: The Home Partners Realty
#10188388, Listing Office: Crye-Leike, Inc., REALTORS
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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.
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.