Memphis, TN 38106 Real Estate & Property Data

Memphis, TN 38106 Real Estate Market Trends
Last Updated: April 28, 2024

A total of 454 residential properties have been sold over the past 12 months in 38106. With a median sales price of $60,875 in 38106 and a total of 3 foreclosures in Memphis, TN 38106. Discover market trends and get the granular level real estate data for Memphis, TN 38106 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38106 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38106 Real Estate Market Trends
Total Residential Properties 8,800
Total Commercial Properties 540
Avg. Home Age (Single Family Home) 77 Years
Avg. Square Feet (Single Family Home) 1,267
Total 2024 Residential Sales (year-to-date) 89
% of Homes Seriously Underwater (Q2 2024) 2.28%
Total 2023 Residential Sales 393
% of Equity Rich Homes (Q2 2024) 24.17%
Effective 2023 Property Tax 0.93%
Total Foreclosure Filings (year-to-date) 7
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Memphis, TN 38106 Real Estate Overview

There were 454 residential properties sold in the past year in Memphis, TN 38106. The median home value in Memphis, TN 38106 is $62,540. There are a total of 8,800 residential properties in the 38106.

Median Sales Price i
$60,875
(Feb 2024)
+11.2%
year-over-year
y-o-y
  • February '24 Feb '24 $60,875
  • January '24 Jan '24 $80,000
  • December '23 Dec '23 $70,000
  • November '23 Nov '23 $85,000
  • October '23 Oct '23 $49,000
  • September '23 Sep '23 $73,500
  • August '23 Aug '23 $105,000
  • July '23 Jul '23 $66,250
  • June '23 Jun '23 $95,000
  • May '23 May '23 $76,250
  • April '23 Apr '23 $69,000
  • March '23 Mar '23 $55,000
Median Down Payment i
$27,800
(Feb 2024)
+17.1%
year-over-year
y-o-y
  • February '24 Feb '24 $27,800
  • January '24 Jan '24 $27,050
  • December '23 Dec '23 $32,400
  • November '23 Nov '23 $18,500
  • October '23 Oct '23 $25,000
  • September '23 Sep '23 $14,000
  • August '23 Aug '23 $28,225
  • July '23 Jul '23 $27,100
  • June '23 Jun '23 $19,799
  • May '23 May '23 $12,227
  • April '23 Apr '23 $23,780
  • March '23 Mar '23 $11,700
Number of Homes Sold i
42
(Feb 2024)
+40%
year-over-year
y-o-y
  • February '24 Feb '24 42
  • January '24 Jan '24 47
  • December '23 Dec '23 27
  • November '23 Nov '23 29
  • October '23 Oct '23 29
  • September '23 Sep '23 35
  • August '23 Aug '23 52
  • July '23 Jul '23 27
  • June '23 Jun '23 39
  • May '23 May '23 38
  • April '23 Apr '23 33
  • March '23 Mar '23 26
Number of Purchase Loans i
19
(Feb 2024)
+58.3%
year-over-year
y-o-y
  • February '24 Feb '24 19
  • January '24 Jan '24 12
  • December '23 Dec '23 10
  • November '23 Nov '23 12
  • October '23 Oct '23 15
  • September '23 Sep '23 15
  • August '23 Aug '23 17
  • July '23 Jul '23 11
  • June '23 Jun '23 12
  • May '23 May '23 21
  • April '23 Apr '23 16
  • March '23 Mar '23 6
Number of REFI Loans i
5
(Feb 2024)
-28.6%
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 7
  • December '23 Dec '23 9
  • November '23 Nov '23 10
  • October '23 Oct '23 9
  • September '23 Sep '23 9
  • August '23 Aug '23 7
  • July '23 Jul '23 4
  • June '23 Jun '23 12
  • May '23 May '23 12
  • April '23 Apr '23 3
  • March '23 Mar '23 9
Number of HELOC Loans i
1
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 4
  • December '23 Dec '23 1
  • November '23 Nov '23 4
  • October '23 Oct '23 2
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 3
  • May '23 May '23 2
  • April '23 Apr '23 1
  • March '23 Mar '23 2

Memphis, TN 38106 Foreclosure Activity

There were a total of 3 Memphis, TN 38106 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 3 Memphis, TN 38106 properties and repossessed 2 Memphis, TN 38106 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
3
(Feb 2024)
+50%
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 4
  • December '23 Dec '23 3
  • November '23 Nov '23 3
  • October '23 Oct '23 6
  • September '23 Sep '23 1
  • August '23 Aug '23 3
  • July '23 Jul '23 3
  • June '23 Jun '23 2
  • May '23 May '23 1
  • April '23 Apr '23 1
  • March '23 Mar '23 2
Foreclosure Starts i
3
(Feb 2024)
+50%
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 4
  • December '23 Dec '23 3
  • November '23 Nov '23 3
  • October '23 Oct '23 6
  • September '23 Sep '23 1
  • August '23 Aug '23 3
  • July '23 Jul '23 3
  • June '23 Jun '23 2
  • May '23 May '23 1
  • April '23 Apr '23 1
  • March '23 Mar '23 2
Completed Foreclosures (REOs) i
2
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 2
  • December '23 Dec '23 N/A
  • November '23 Nov '23 1
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 1
  • July '23 Jul '23 N/A
  • June '23 Jun '23 1
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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