Is Ellendale, TN 38029 a buyer’s or seller’s market?
Ellendale is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Ellendale housing market right now
In the three months ending August 31, 2026, 0% of homes in Ellendale, TN 38029 sold above their list price and the typical home went under contract in 263 days. With only 1 sale, these figures can swing a lot from month to month.
The median sale price was $149,935, or about $109 per square foot.
Within Shelby County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Memphis 38126 (50% sold over asking) and Cordova 38018 (22% sold over asking) are even more competitive.
Run the numbers for 38029
Nearby markets
Arlington 38002Seller’s market $164 /sq ftCollierville 38017Seller’s market $180 /sq ftCordova 38016Seller’s market $133 /sq ftCordova 38018Seller’s market $147 /sq ft Browse all markets →Where Ellendale is
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Questions about Ellendale real estate
How fast do homes sell in Ellendale?
The typical home went under contract in 263 days in the latest three months.
Do homes in Ellendale sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.9% of the list price.
What are property taxes in Ellendale?
About 0.98% of a home’s value a year in Shelby County, or roughly $3,920 on a $400,000 home.
What is the median home price in Ellendale?
The median sale price was $149,935 in the three months ending August 31, 2026, about $109 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology