Multi-family homes for sale in 38120, TN

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38120, TN Real Estate Market Overview

There are no multi-family homes for sale in 38120, TN. The following market insights reflect all property types in the 38120, TN real estate market. The number of homes for sale in 38120, TN increased by 12.5% between April 2025 and May 2025. In May 2025 median list price was $465,000 and the average listing age was 0 days. In May 2025, from all listings sold in 38120, TN there were more than 1 sold above asking price, over 15 sold below and more than 7 were sold right at the asked price.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in 38120, TN

38120 is located in Tennessee. There are roughly 13,415 residents, living in 6,030 households. The average temperature for 38120 this time of the year is low of 67F and high of 88F. On average, 38120 gets about 4.23 inches of precipitation in June. Most residents are home owners (71%), have a post secondary degree (68%) and are single, no kids (41%).

Data provided by Home Junction

Housing market reports in Shelby County

Homes for sale near 38120, TN

Top real estate cities in Tennessee

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1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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