Is 38018, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38018 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 38018 has remained a Seller's Market.

Key Takeaway

38018 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 38018, TN

How much do homes in 38018, TN cost?

Median Sold Price

$301,500

-

Based on all homes sold in March 2024.

Difference Since Last Month

-$1,000(-0.3%)

Key Takeaway

The sold price of homes in 38018 has remained the same since last month.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $188.7K-
N/A
3 $297K$280K
-5.7%
4 $360K$364.9K
+1.4%
5+ $400K$449K
+12.3%

Summary: 38018 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 12.3%.

Median Sold Price Compared To Nearby Zip Codes

38016
+9.6%
38134
+3.9%
38139
0.4%
38018
-0.3%
38120
-24.4%

Housing Supply in 38018, TN

How many homes are available in 38018, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
138162+17.4%

Summary: The 38018 real estate market had 162 homes for sale in March 2024, a 17.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 5161
+19.6%
4 5871
+22.4%
5+ 2525
0.0%

Summary: The 38018 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2734+25.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38018, you may be able to get a good deal. 38.2% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 38018 in March 2024, up by 25.9% month-over-month. Of the 34 sold homes, 38% were sold under asking, 38% were sold at asking, and 24% were sold over asking.

Days on Market for 38018, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

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Newest Listings in 38018, TN

4 bedrooms, 2 full baths, 1 partial house for sale

$385,000

$4,572 Closing Credit

4

2 Full, 1 Partial

120 Plantation Woods Cv, Memphis TN, 38018

Listing Office:

Crye-Leike, Inc., REALTORS

3 bedrooms, 2 full baths, 1 partial house for sale

$265,900

$3,158 Closing Credit

3

2 Full, 1 Partial

8641 Overcup Oaks Dr, Memphis TN, 38018

Listing Office:

Keller Williams

4 bedrooms, 4 full baths, 2 partial house for sale

$1,250,000

$10,000 Closing Credit

4

4 Full, 2 Partial

489 Tree Top Cv, Memphis TN, 38018

Listing Office:

Crye-Leike, Inc., REALTORS

4 bedrooms, 3 full baths house for sale

$285,000

$3,384 Closing Credit

4

3

3,968 SqFt

92 Mysen Dr, Cordova TN, 38018

Daniel Demers

Listing Office:

Sell Your Home Services, LLC

MLS logo
3 bedrooms, 2 full baths house for sale

Backup Offers

3D Tour

$249,900

$2,968 Closing Credit

3

2

10083 Cross Valley Dr, Cordova TN, 38018

Listing Office:

REMAX Experts

undefined land for sale

$395,000

Land

6.92 Acres

460 Chelsea Meadows Cv, Eads TN, 38018

Listing Office:

Marx-Bensdorf, REALTORS

3 bedrooms, 2 full baths house for sale

$300,000

$3,563 Closing Credit

3

2

73 Mysen Cir, Memphis TN, 38018

Listing Office:

Crye-Leike, Inc., REALTORS

4 bedrooms, 2 full baths, 1 partial house for sale

$379,000

$4,501 Closing Credit

4

2 Full, 1 Partial

56 Forest Village Pl, Memphis TN, 38018

Listing Office:

901 Properties

5 bedrooms, 3 full baths house for sale

$244,900

$2,908 Closing Credit

5

3

8084 Kerry Dr, Memphis TN, 38018

Listing Office:

CB Properties of Memphis, LLC

4 bedrooms, 2 full baths, 1 partial house for sale

$389,000

$4,619 Closing Credit

4

2 Full, 1 Partial

482 Brook Ridge Cir, Memphis TN, 38018

Listing Office:

Crye-Leike, Inc., REALTORS

3 bedrooms, 2 full baths house for sale

$320,000

$3,800 Closing Credit

3

2

8659 Herring Cv, Cordova TN, 38018

Listing Office:

Bryan Realty Group

3 bedrooms, 2 full baths townhouse for sale

Backup Offers

$230,000

$2,731 Closing Credit

3

2

6862 Century Oaks Dr, TN, 38018

Listing Office:

REMAX Experts

Nearby Markets to 38018, TN

MLS Disclaimers and Copyright

Based on information from Memphis MLS, and RealTracs Middle Tennessee Regional MLS for the period 02/01/2024 - 04/01/2024

Copyright© 2024 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: 4/26/2024, 12:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX© 2024 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2024, 12:18:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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