38117 Home Values & Market Trends
There are 113 homes currently listed for 38117. 38117 real estate market trends show that home prices range from $129,900 to $1,900,000, and the median sales price in the 38117 zip code is $250,188.75. The total number of properties sold within the past twelve months is 760. In 38117, 7 properties are in foreclosure, 2 are bank owned properties,and 5 are headed for auction.
38117 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Memphis | $ 181,790 $ 126/sqft |
Housing Market Summary for 38117
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $330K | $240K | -27.27% |
| Median Sold Price | $261.6K | $240K | -8.27% |
| Homes For Sale | 80 | 116 | 45.00% |
| Homes Sold | 346 | 365 | 5.49% |
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 38117
Browse Homes in 38117
The median list price of a home in Memphis, is $250,188.75. A total of 113 properties are for sale, and the percentage of properties for sale in the zip code is 113.00%. The total count of 38117 properties is 11,094.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 38117 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 38117; 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 38117 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 0.02% of properties in 38117. There is 1 cities within 38117; memphis containing 34 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmemphis has 173 auction properties, the highest number of properties going to auction in a single city in the state of 38117. Auction homes and other auction properties account for 0.05% of all properties in 38117. There is 1 cities within 38117; 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.
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Guide for 38117
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
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