Memphis, TN 38111 Real Estate & Property Data

Memphis, TN 38111 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 883 residential properties have been sold over the past 12 months in 38111. With a median sales price of $170,000 in 38111 and a total of 2 foreclosures in Memphis, TN 38111. Discover market trends and get the granular level real estate data for Memphis, TN 38111 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38111 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38111 Real Estate Market Trends
Total Residential Properties 14,121
Total Commercial Properties 520
Avg. Home Age (Single Family Home) 76 Years
Avg. Square Feet (Single Family Home) 1,516
Total 2024 Residential Sales (year-to-date) 127
% of Homes Seriously Underwater (Q2 2024) 2.3%
Total 2023 Residential Sales 819
% of Equity Rich Homes (Q2 2024) 33.7%
Effective 2023 Property Tax 1.18%
Total Foreclosure Filings (year-to-date) 7
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Memphis, TN 38111 Real Estate Overview

There were 883 residential properties sold in the past year in Memphis, TN 38111. The median home value in Memphis, TN 38111 is $133,246. There are a total of 14,121 residential properties in the 38111.

Median Sales Price i
$170,000
(Feb 2024)
+43%
year-over-year
y-o-y
  • February '24 Feb '24 $170,000
  • January '24 Jan '24 $135,000
  • December '23 Dec '23 $158,750
  • November '23 Nov '23 $160,500
  • October '23 Oct '23 $167,500
  • September '23 Sep '23 $169,900
  • August '23 Aug '23 $205,000
  • July '23 Jul '23 $180,000
  • June '23 Jun '23 $215,000
  • May '23 May '23 $239,900
  • April '23 Apr '23 $176,500
  • March '23 Mar '23 $147,000
Median Down Payment i
$33,830
(Feb 2024)
+11.4%
year-over-year
y-o-y
  • February '24 Feb '24 $33,830
  • January '24 Jan '24 $27,266
  • December '23 Dec '23 $28,819
  • November '23 Nov '23 $40,000
  • October '23 Oct '23 $36,250
  • September '23 Sep '23 $23,875
  • August '23 Aug '23 $42,650
  • July '23 Jul '23 $30,300
  • June '23 Jun '23 $27,737
  • May '23 May '23 $34,737
  • April '23 Apr '23 $40,500
  • March '23 Mar '23 $29,750
Number of Homes Sold i
61
(Feb 2024)
-26.5%
year-over-year
y-o-y
  • February '24 Feb '24 61
  • January '24 Jan '24 66
  • December '23 Dec '23 49
  • November '23 Nov '23 63
  • October '23 Oct '23 63
  • September '23 Sep '23 62
  • August '23 Aug '23 98
  • July '23 Jul '23 67
  • June '23 Jun '23 97
  • May '23 May '23 65
  • April '23 Apr '23 49
  • March '23 Mar '23 60
Number of Purchase Loans i
39
(Feb 2024)
+5.4%
year-over-year
y-o-y
  • February '24 Feb '24 39
  • January '24 Jan '24 38
  • December '23 Dec '23 31
  • November '23 Nov '23 44
  • October '23 Oct '23 39
  • September '23 Sep '23 41
  • August '23 Aug '23 59
  • July '23 Jul '23 41
  • June '23 Jun '23 56
  • May '23 May '23 46
  • April '23 Apr '23 30
  • March '23 Mar '23 39
Number of REFI Loans i
12
(Feb 2024)
-33.3%
year-over-year
y-o-y
  • February '24 Feb '24 12
  • January '24 Jan '24 21
  • December '23 Dec '23 15
  • November '23 Nov '23 18
  • October '23 Oct '23 24
  • September '23 Sep '23 15
  • August '23 Aug '23 17
  • July '23 Jul '23 14
  • June '23 Jun '23 28
  • May '23 May '23 15
  • April '23 Apr '23 9
  • March '23 Mar '23 17
Number of HELOC Loans i
5
(Feb 2024)
-16.7%
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 10
  • December '23 Dec '23 5
  • November '23 Nov '23 4
  • October '23 Oct '23 8
  • September '23 Sep '23 5
  • August '23 Aug '23 12
  • July '23 Jul '23 8
  • June '23 Jun '23 15
  • May '23 May '23 16
  • April '23 Apr '23 4
  • March '23 Mar '23 7

Memphis, TN 38111 Foreclosure Activity

There were a total of 2 Memphis, TN 38111 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 2 Memphis, TN 38111 properties and repossessed 1 Memphis, TN 38111 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
2
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 5
  • December '23 Dec '23 N/A
  • November '23 Nov '23 1
  • October '23 Oct '23 4
  • September '23 Sep '23 N/A
  • August '23 Aug '23 4
  • July '23 Jul '23 N/A
  • June '23 Jun '23 3
  • May '23 May '23 1
  • April '23 Apr '23 2
  • March '23 Mar '23 1
Foreclosure Starts i
2
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 5
  • December '23 Dec '23 N/A
  • November '23 Nov '23 1
  • October '23 Oct '23 4
  • September '23 Sep '23 N/A
  • August '23 Aug '23 4
  • July '23 Jul '23 N/A
  • June '23 Jun '23 3
  • May '23 May '23 1
  • April '23 Apr '23 2
  • March '23 Mar '23 1
Completed Foreclosures (REOs) i
1
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 2
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 1
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 1
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 3
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