Memphis Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $110,000
    0% ( $50 ) vs Sep 2016
  • Median Sales Price
    $95,000
    0% ( $50 ) vs Sep 2016
  • Median Foreclosure Sales Price
    $67,000
    0% ( $0 ) vs Sep 2016
  • Foreclosures 905
    Homes for Sale 1,465
    Recently Sold 8,078

Market Summary

There are currently 905 properties in Memphis, TN that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 1,465.

In October, the number of properties that received a foreclosure filing in Memphis, TN was 19% lower than the previous month and 52% lower than the same time last year.

Home sales for September 2017 were down 30% compared with the previous month, and down 39% compared with a year ago. The median sales price of a non-distressed home was $95,000. The median sales price of a foreclosure home was $67,000, or 29% lower than non-distressed home sales.

Sales Prices - Memphis, TN




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$67,000 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $49,500 (Median Foreclosure Sales Price) $43,344 (Median Foreclosure Sales Price) $40,000 (Median Foreclosure Sales Price) $95,000 (Median Sales Price) $94,950 (Median Sales Price) $87,900 (Median Sales Price) $85,000 (Median Sales Price) $80,206 (Median Sales Price) $75,000 (Median Sales Price) $67,000 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $49,500 (Median Foreclosure Sales Price) $43,344 (Median Foreclosure Sales Price) $40,000 (Median Foreclosure Sales Price) $95,000 (Median Sales Price) $94,950 (Median Sales Price) $87,900 (Median Sales Price) $85,000 (Median Sales Price) $80,206 (Median Sales Price) $75,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Cordova
79
30.1
% (y-o-y)
$166,400
6.0
% (y-o-y)
Data not available
Arlington
30
46.4
% (y-o-y)
$200,000
11.1
% (y-o-y)
Data not available
Germantown
24
52.9
% (y-o-y)
$296,750
6.4
% (y-o-y)
Data not available
Collierville
14
73.6
% (y-o-y)
$290,000
0.0
% (y-o-y)
Data not available
Millington
7
66.7
% (y-o-y)
$107,000
17.2
% (y-o-y)
Data not available
Eads
2
50.0
% (y-o-y)
$340,000
70.0
% (y-o-y)
Data not available

Local Info For Memphis

Population:
654,876
Cost of Living Index: 93.55
Crime Index: 377.55     Rating: F View crime details
Schools: 199    Average School Rating: D View individual school rating
Household Median Income: $36,473
Unemployment: 5.40%
Percentage of vacant homes: 16.73%

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