38261 Home Values & Market Trends
There are 28 homes currently listed for 38261. 38261 real estate market trends show that home prices range from $40,000 to $595,000, and the median sales price in the 38261 zip code is $129,719.91. The total number of properties sold within the past twelve months is 201. In 38261, 3 properties are in foreclosure, 3 are bank owned properties,and 0 are headed for auction.
Housing Market Summary for 38261
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $184.8K | $137.4K | -25.61% |
| Median Sold Price | $72,850 | $137.4K | 88.65% |
| Homes For Sale | 18 | 29 | 61.11% |
| Homes Sold | 131 | 96 | -26.72% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in 38261
Browse Homes in 38261
The median list price of a home in Union City, is $129,719.91. A total of 28 properties are for sale, and the percentage of properties for sale in the zip code is 28.00%. The total count of 38261 properties is 6,088.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 38261 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 38261; 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 OwnedThe median estimated home value of bank owned homes (REO properties) in 38261 ranges from the highest value of $163,277 in union city to the lowest value of $84,266 in union city. Bank owned homes and properties account for 0.05% of properties in 38261. There is 1 cities within 38261; union city containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of 38261. Auction homes and other auction properties account for 0% of all properties in 38261. There is 1 cities within 38261; of that cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for 38261
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.
Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices
Tennessee Foreclosure Laws