Memphis, TN Real Estate Market Trends & Home Values

Memphis, TN Market Overview

Real estate market trends reflect that there have been 12469 transactions over the past year in Memphis. The median value for residential home transactions that occurred over the previous year is $143,132. The number of current listings in Memphis is 677, and the percentage of properties for sale in the city is 83.5%. Memphis, TN currently has 134 properties in foreclosure, 3 bank owned properties, 131 properties headed for auction, and 677 properties for sale.

Active Residential Inventory

811

Total Inventory

Recently Sold Properties

6,737

Total Sales (Last 6 Months)

Foreclosures ( 134 )

16.5%

Pre-foreclosures ( 0 )

Bank Owned ( 3 )

0.4%

Auctions ( 131 )

16.2%

For Sale ( 677 )

83.5%

Memphis, TN Home Values

$143,132

Memphis home values range from $10,000 to $12,588,312. The median estimated value of a home in Memphis is $143,132. The median list price of a home is $162,333, and the total count of properties in the city is 182,660.

Memphis, TN Real Estate Market Overview

Memphis, TN Foreclosures Market Overview

Last 24 Hours

Zip Code	Median Est. Value
38125	$311,596 $155.50/sqft
38135	$231,736 $123.00/sqft
38128	$197,189 $94.00/sqft
38116	$169,524 $100.00/sqft
38115	$156,125 $104.00/sqft
38118	$124,573 $90.00/sqft
38109	$109,080 $83.00/sqft
38111	$93,551 $77.50/sqft
38122	$89,178 $83.00/sqft
38127	$74,394 $61.00/sqft

There are 24 zip codes within Memphis, TN; within these zip codes, the median estimated home value for homes in foreclosure ranges from $462,549 in 38135 to the lowest value of $23,885 in 38106. Foreclosure homes account for 0.07% of properties in Memphis, TN with 38109 containing 16 foreclosures, the highest number of foreclosure properties in a single zip code.