March 2024

38375 Housing Market Report Selmer, McNairy County, Tennessee

Report Updated 25 Days Ago

Is 38375, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Buyer's
Market

Difference Since Last Month

Since last month, 38375 has remained a Buyer's Market.

Key Takeaway

38375 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 38375, TN

How much do homes in 38375, TN cost?

Median Sold Price

$222,500

Based on all homes sold in March 2024.

Difference Since Last Month

+$97,550(+78.1%)

Key Takeaway

Homes in 38375 have sold for 78.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	-	-	N/A
2 Bedrooms	$74.9K	-	N/A
3 Bedrooms	$175K	$222.5K	+27.1%
4 Bedrooms	-	-	N/A
5+ Bedrooms	-	-	N/A

Summary: 38375 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 increased by 27.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 38375, TN

How many homes are available in 38375, TN?

Number of Homes For Sale

Feb 2024	Mar 2024	CHANGE
37	44	+18.9%

Summary: The 38375 real estate market had 44 homes for sale in March 2024, a 18.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	2	2	0.0%
2 Bedrooms	5	7	+40.0%
3 Bedrooms	23	24	+4.3%
4 Bedrooms	7	10	+42.9%
5+ Bedrooms	0	1	+100.0%

Summary: The 38375 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 40%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024	Mar 2024	CHANGE
4	2	-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Key Takeaway

If you're buying a home in 38375, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 38375 in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 38375, 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 38375, TN

What homes are available in 38375, TN?

See More Listings

$1,290,000

Land

22.57 Acres

637 Mulberry Ave, Selmer TN, 38375

Listing Office:

Molly Moore Realty

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

$799,000

$9,488 Closing Credit

2 Full, 1 Partial

986 Twin View Cir, Selmer TN, 38375

Listing Office:

Farm & Home Realty

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

$290,000

$3,444 Closing Credit

2 Full, 1 Partial

133 Pecan St, Selmer TN, 38375

Listing Office:

Molly Moore Realty

$134,900

$1,602 Closing Credit

540 Circle Hill Dr, Selmer TN, 38375

Listing Office:

Action Realty

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

$239,000

$2,838 Closing Credit

3 Full, 1 Partial

2119 Dunaway Rd, Selmer TN, 38375

Listing Office:

Farm & Home Realty

Backup Offers

$119,900

$1,424 Closing Credit

28 Falcon Rd, Selmer TN, 38375

Listing Office:

Action Realty

$189,900

$2,255 Closing Credit

193 Elizabeth Cv, Selmer TN, 38375

Listing Office:

Action Realty

$84,900

Land

9.00 Acres

Warren Floyd Rd, Selmer TN, 38375

Listing Office:

Farm & Home Realty

$74,900

Land

8.56 Acres

Sulphur Springs Rd, Selmer TN, 38375

Listing Office:

Farm & Home Realty

$379,900

$4,511 Closing Credit

154 Franklin St, Selmer TN, 38375

Listing Office:

Action Realty

2 bedrooms, 1 full bath townhouse for sale

$64,900

$771 Closing Credit

559 Peach St, Selmer TN, 38375

Listing Office:

Molly Moore Realty

$29,000

$344 Closing Credit

762 Peach St, Selmer TN, 38375

Listing Office:

Molly Moore Realty

Nearby Markets to 38375, 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, 11:25:18 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, 11:18:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.