38128 Home Values & Market Trends

There are 44 homes currently listed for 38128. 38128 real estate market trends show that home prices range from $92,000 to $310,000, and the median sales price in the 38128 zip code is $119,315.41. The total number of properties sold within the past twelve months is 673. In 38128, 17 properties are in foreclosure, 1 are bank owned properties,and 16 are headed for auction.

38128 Real Estate Market Overview

CityMedian Est. Value
Memphis

$ 169,900

$ 117/sqft

Housing Market Summary for 38128

Mar 2023February 2024Change
Median Listing Price$151.3K$115.1K-23.88%
Median Sold Price$140.8K$115.1K-18.26%
Homes For Sale344223.53%
Homes Sold353350-0.85%
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 38128

The median list price of a home in Memphis, is $119,315.41. A total of 44 properties are for sale, and the percentage of properties for sale in the zip code is 44.00%. The total count of 38128 properties is 11,990.

Foreclosure
There is 1 cities within 38128; within this cities, the median estimated home value for homes in foreclosure ranges from $898,913 in memphis to the lowest value of $18,926 in memphis. Foreclosure homes account for 0.00% of properties in 38128 with memphis containing 216 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 38128 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 38128; 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 38128 ranges from the highest value of $199,900 in memphis to the lowest value of $18,926 in memphis. Bank owned homes and properties account for 0.01% of properties in 38128. There is 1 cities within 38128; memphis containing 36 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    memphis has 180 auction properties, the highest number of properties going to auction in a single city in the state of 38128. Auction homes and other auction properties account for 0.13% of all properties in 38128. There is 1 cities within 38128; of that cities, the median estimated home value for homes going to auction ranges from $898,913 in memphis to the lowest value of $25,354 in memphis.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.37% of residential properties in 38128 with memphis containing 1082 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 38128; homes for sale in that cities, have a range of median values from $2,280,000 in memphis to the lowest value of $15,218 in memphis.
    Sold Homes
    The median value for recently sold homes ranges from $2,197,525 in memphis to the lowest price of $15,280 in memphis. There is 1 cities within 38128. memphis has 5407 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.89% of properties in 38128.

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      Guide for 38128

      Market Reports
      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Tennessee
      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Home Buying Guides & Tips
      Tennessee Foreclosure Laws
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      See More Articles
      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Market Reports|posted 8 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.

      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

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.