38240 Home Values & Market Trends
There are 15 homes currently listed for 38240. 38240 real estate market trends show that home prices range from $59,000 to $80,000, and the median sales price in the 38240 zip code is $179,334. The total number of properties sold within the past twelve months is 32. In 38240, 2 properties are in foreclosure, 1 are bank owned properties,and 1 are headed for auction.
38240 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Obion | $ 179,334 $ 110/sqft |
Housing Market Summary for 38240
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $69,500 | $69,500 | - |
| Median Sold Price | $173.6K | $200.8K | 15.64% |
| Homes For Sale | 9 | 15 | 66.67% |
| Homes Sold | 12 | 13 | 8.33% |
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 38240
Browse Homes in 38240
The median list price of a home in Obion, is $179,334. A total of 15 properties are for sale, and the percentage of properties for sale in the zip code is 15.00%. The total count of 38240 properties is 33.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 38240 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 38240; 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 38240 ranges from the highest value of $159,000 in obion to the lowest value of $159,000 in obion. Bank owned homes and properties account for 3.03% of properties in 38240. There is 1 cities within 38240; obion containing 1 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsobion has 1 auction properties, the highest number of properties going to auction in a single city in the state of 38240. Auction homes and other auction properties account for 3.03% of all properties in 38240. There is 1 cities within 38240; of that cities, the median estimated home value for homes going to auction ranges from $90,729 in obion to the lowest value of $90,729 in obion.
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Guide for 38240
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.