38111 Home Values & Market Trends
There are 93 homes currently listed for 38111. 38111 real estate market trends show that home prices range from $70,000 to $1,900,000, and the median sales price in the 38111 zip code is $132,037.77. The total number of properties sold within the past twelve months is 823. In 38111, 11 properties are in foreclosure, 2 are bank owned properties,and 9 are headed for auction.
38111 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Memphis | $ 185,581 $ 127/sqft |
Housing Market Summary for 38111
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $265K | $120.8K | -54.40% |
| Median Sold Price | $128.9K | $120.8K | -6.25% |
| Homes For Sale | 73 | 91 | 24.66% |
| Homes Sold | 441 | 445 | 0.91% |
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 38111
Browse Homes in 38111
The median list price of a home in Memphis, is $132,037.77. A total of 93 properties are for sale, and the percentage of properties for sale in the zip code is 93.00%. The total count of 38111 properties is 13,834.
- Pre-ForeclosurePre-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 OwnedThe median estimated home value of bank owned homes (REO properties) in 38111 ranges from the highest value of $289,900 in memphis to the lowest value of $29,709 in memphis. Bank owned homes and properties account for 0.01% of properties in 38111. There is 1 cities within 38111; memphis containing 33 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmemphis has 176 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 $1,059,312 in memphis to the lowest value of $34,927 in memphis.
Compare Nearby Zip Codes
More Real Estate Resources for 38111
Guide for 38111
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?