Memphis, TN Real Estate Market Trends & Home Values

Memphis, TN Market Overview

Real estate market trends reflect that there have been 12779 transactions over the past year in Memphis. The median value for residential home transactions that occurred over the previous year is $150,596. The number of current listings in Memphis is 798, and the percentage of properties for sale in the city is 78.4%. Memphis, TN currently has 220 properties in foreclosure, 32 bank owned properties, 188 properties headed for auction, and 798 properties for sale.

Active Residential Inventory

Total Inventory

Recently Sold Properties

Memphis, TN Home Values

$150,596

Memphis home values range from $10,000 to $11,713,709. The median estimated value of a home in Memphis is $150,596. The median list price of a home is $164,304, and the total count of properties in the city is 183,757.

Memphis, TN Real Estate Market Overview

Memphis, TN Foreclosures Market Overview

Last 24 Hours

Zip Code	Median Est. Value
38119	$344,702 $129.00/sqft
38125	$289,241 $149.00/sqft
38141	$226,000 $132.50/sqft
38128	$176,029 $109.50/sqft
38116	$175,841 $98.50/sqft
38118	$139,575 $85.00/sqft
38109	$105,998 $76.00/sqft
38127	$94,229 $67.00/sqft
38111	$71,636 $72.00/sqft
38114	$69,700 $43.00/sqft

There are 24 zip codes within Memphis, TN; within these zip codes, the median estimated home value for homes in foreclosure ranges from $811,364 in 38117 to the lowest value of $19,728 in 38108. Foreclosure homes account for 0.12% of properties in Memphis, TN with 38127 containing 22 foreclosures, the highest number of foreclosure properties in a single zip code.