38016 Home Values & Market Trends
There are 62 homes currently listed for 38016. 38016 real estate market trends show that home prices range from $189,000 to $1,450,000, and the median sales price in the 38016 zip code is $280,485.06. The total number of properties sold within the past twelve months is 492. In 38016, 17 properties are in foreclosure, 1 are bank owned properties,and 16 are headed for auction.
38016 Real Estate Market Overview
City | Median Est. Value |
---|---|
Cordova | $ 349,000 $ 135/sqft |
Housing Market Summary for 38016
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $336.3K | $268.6K | -20.13% |
Median Sold Price | $321.5K | $268.6K | -16.45% |
Homes For Sale | 50 | 59 | 18.00% |
Homes Sold | 232 | 303 | 30.60% |
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 38016
Browse Homes in 38016
The median list price of a home in Cordova, is $280,485.06. A total of 62 properties are for sale, and the percentage of properties for sale in the zip code is 62.00%. The total count of 38016 properties is 10,809.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 38016 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 38016; 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 38016 ranges from the highest value of $268,835 in cordova to the lowest value of $268,835 in cordova. Bank owned homes and properties account for 0.01% of properties in 38016. There is 1 cities within 38016; cordova containing 1 REO properties, has the highest number of bank owned properties in a single city.
- Auctionscordova has 28 auction properties, the highest number of properties going to auction in a single city in the state of 38016. Auction homes and other auction properties account for 0.15% of all properties in 38016. There is 1 cities within 38016; of that cities, the median estimated home value for homes going to auction ranges from $606,530 in cordova to the lowest value of $162,738 in cordova.
Compare Nearby Zip Codes
More Real Estate Resources for 38016
Guide for 38016
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
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?