38111 Home Values & Market Trends

There are 92 homes currently listed for 38111. 38111 real estate market trends show that home prices range from $70,000 to $1,469,000, and the median sales price in the 38111 zip code is $125,897.2. The total number of properties sold within the past twelve months is 799. In 38111, 10 properties are in foreclosure, 1 are bank owned properties,and 9 are headed for auction.

38111 Real Estate Market Overview

CityMedian Est. Value
Memphis

$ 165,900

$ 120/sqft

Housing Market Summary for 38111

Mar 2023February 2024Change
Median Listing Price$251.5K$125.3K-50.20%
Median Sold Price$124.2K$125.3K0.84%
Homes For Sale549677.78%
Homes Sold486454-6.58%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 38111

The median list price of a home in Memphis, is $125,897.2. A total of 92 properties are for sale, and the percentage of properties for sale in the zip code is 92.00%. The total count of 38111 properties is 13,833.

Foreclosure
There is 1 cities within 38111; within this cities, the median estimated home value for homes in foreclosure ranges from $937,280 in memphis to the lowest value of $26,956 in memphis. Foreclosure homes account for 0.00% of properties in 38111 with memphis containing 207 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 38111 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 38111; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 38111 ranges from the highest value of $203,994 in memphis to the lowest value of $36,450 in memphis. Bank owned homes and properties account for 0.01% of properties in 38111. There is 1 cities within 38111; memphis containing 36 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    memphis has 171 auction properties, the highest number of properties going to auction in a single city in the state of 38111. Auction homes and other auction properties account for 0.07% of all properties in 38111. There is 1 cities within 38111; of that cities, the median estimated home value for homes going to auction ranges from $937,280 in memphis to the lowest value of $26,956 in memphis.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.67% of residential properties in 38111 with memphis containing 1023 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 38111; homes for sale in that cities, have a range of median values from $2,900,000 in memphis to the lowest value of $15,894 in memphis.
    Sold Homes
    The median value for recently sold homes ranges from $2,380,675 in memphis to the lowest price of $14,187 in memphis. There is 1 cities within 38111. memphis has 5354 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.10% of properties in 38111.

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      Guide for 38111

      Tennessee
      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Home Buying Guides & Tips
      Tennessee Foreclosure Laws
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      Buy to Rent
      How To Choose The Right Property Management Tool
      See More Articles
      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Tennessee|posted 23 January 2024

      Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices

      Tennessee Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Tennessee Foreclosure Laws

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Buying your first home is an exciting and significant milestone in life. It’s a decision that requires careful consideration, especially when it comes to finances. Understanding how much you should spend on your first home is crucial to ensure a smooth and stress-free buying process. In this article, we will explore the basics of home […]

      How To Choose The Right Property Management Tool
      Buy to Rent|posted 5 March 2024

      Learn how to select the perfect property management tool for your real estate business.

      Recently Listed Homes 38111

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