March 2024

38305 Housing Market Report Jackson, Madison County, Tennessee

Report Updated 25 Days Ago

Housing Prices in 38305, TN

How much do homes in 38305, TN cost?

Median List Price

$309,900

$157/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

-$30,000(-8.8%)

Key Takeaway

The list price of homes in 38305 has decreased by 8.8% since last year.

Summary: The median home list price in 38305 was $309,900 in March 2024, down 8.8% from the previous year, and the median price per square foot was $157.

Median List Price By Bedroom Count

# BEDS# BEDROOMS	Mar 2023	Mar 2024	CHANGE
1 Bedroom	$419.9K	-	N/A
2 Bedrooms	$314.9K	$172.4K	-45.3%
3 Bedrooms	$229.9K	$250.4K	+8.9%
4 Bedrooms	$399.9K	$399.9K	0.0%
5+ Bedrooms	$739.9K	$999.9K	+35.1%

Summary: 38305 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 45.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 35.1%.

Median List Price Compared To Nearby Zip Codes

ZIP	Mar 2023	Mar 2024	CHANGE
38355	$295.9K	$320.9K	+8.5%
38305	$339.9K	$309.9K	-8.8%

Housing Supply in 38305, TN

How many homes are available in 38305, TN?

Number of Homes For Sale

Feb 2024	Mar 2024	CHANGE
19	18	-5.3%

Summary: The 38305 real estate market had 18 homes for sale in March 2024, a 5.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	0	0	0.0%
2 Bedrooms	1	1	0.0%
3 Bedrooms	9	7	-22.2%
4 Bedrooms	5	5	0.0%
5+ Bedrooms	4	5	+25.0%

Summary: The 38305 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Days on Market for 38305, TN

How long does it take to sell a home in 38305, TN?

Average Listing Age

Mar 2023	Mar 2024	CHANGE
147 Days	137 Days	-6.4%

Summary: Homes in 38305 had an average listing age of 137 days in Mar 2024, down by 6.4% compared to the previous year.

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 38305, TN

What homes are available in 38305, TN?

See More Listings

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

$469,900

$5,580 Closing Credit

3 Full, 1 Partial

2,565 SqFt

24 Perrington Cv, Jackson TN, 38305

Chris Hutchison

Listing Office:

Crye-Leike Blue Skies Real Estate

$579,900

$6,886 Closing Credit

3,049 SqFt

926 Cotton Grove Rd, Jackson TN, 38305

Drake Harber

Listing Office:

Blue Suede Realty

$659,900

$7,836 Closing Credit

3,351 SqFt

15 Lake Breeze Dr, Jackson TN, 38305

Tami Reid

Listing Office:

Hickman Realty Group Inc

5 bedrooms, 3 full baths townhouse for sale

$659,900

$7,836 Closing Credit

15 Lake Breeze Dr, Jackson TN, 38305

Listing Office:

Hickman Realty Group, Inc.

$729,900

$8,668 Closing Credit

3 Full, 1 Partial

26 Chandlers Cv, Jackson TN, 38305

Listing Office:

Hickman Realty Group, Inc.

Backup Offers

$209,900

$2,493 Closing Credit

1,474 SqFt

342 W University Pkwy, Jackson TN, 38305

Pam Redden

Listing Office:

Crye-Leike, Inc., REALTORS

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

$599,900

$7,124 Closing Credit

3 Full, 1 Partial

4,445 SqFt

22 Stonehill Cv, Jackson TN, 38305

Julie Holt

Listing Office:

Blue Suede Realty

$380,000

Land

20.00 Acres

14 Gretchen Ln, Jackson TN, 38305

Jessica Alexander

Listing Office:

Coldwell Banker Barnes

$309,900

$3,680 Closing Credit

2,236 SqFt

12 Serenade Cv, Jackson TN, 38305

Joshua (Brandon) Norris

Listing Office:

Live Nashville Realty. LLC

$286,777

$3,405 Closing Credit

2,325 SqFt

107 Redleaf Pl, Jackson TN, 38305

Charissa Paniuski

Listing Office:

EXIT Realty Blues City

$252,900

$3,003 Closing Credit

11 Dawson Cv, Jackson TN, 38305

Listing Office:

BHHS Taliesyn Realty

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

$999,000

$10,000 Closing Credit

4 Full, 2 Partial

5,913 SqFt

1188 Ashport Rd, Jackson TN, 38305

Kimberly Evans

Listing Office:

Home and Farms Inc

Nearby Markets to 38305, TN

MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS, and Memphis MLS for the period 04/01/2022 - 04/01/2024

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: 4/25/2024, 10:18:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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: 4/25/2024, 10:25:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.