Memphis, TN 38114 Real Estate & Property Data

Memphis, TN 38114 Real Estate Market Trends
Last Updated: April 28, 2024

A total of 557 residential properties have been sold over the past 12 months in 38114. With a median sales price of $90,000 in 38114 and a total of 2 foreclosures in Memphis, TN 38114. Discover market trends and get the granular level real estate data for Memphis, TN 38114 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38114 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38114 Real Estate Market Trends
Total Residential Properties 8,729
Total Commercial Properties 466
Avg. Home Age (Single Family Home) 77 Years
Avg. Square Feet (Single Family Home) 1,279
Total 2024 Residential Sales (year-to-date) 86
% of Homes Seriously Underwater (Q2 2024) 2.57%
Total 2023 Residential Sales 516
% of Equity Rich Homes (Q2 2024) 28.49%
Effective 2023 Property Tax 0.95%
Total Foreclosure Filings (year-to-date) 6
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Memphis, TN 38114 Real Estate Overview

There were 557 residential properties sold in the past year in Memphis, TN 38114. The median home value in Memphis, TN 38114 is $78,699. There are a total of 8,729 residential properties in the 38114.

Median Sales Price i
$90,000
(Feb 2024)
+5.9%
year-over-year
y-o-y
  • February '24 Feb '24 $90,000
  • January '24 Jan '24 $77,500
  • December '23 Dec '23 $141,500
  • November '23 Nov '23 $52,500
  • October '23 Oct '23 $115,200
  • September '23 Sep '23 $185,000
  • August '23 Aug '23 $107,500
  • July '23 Jul '23 $78,500
  • June '23 Jun '23 $135,750
  • May '23 May '23 $117,500
  • April '23 Apr '23 $119,501
  • March '23 Mar '23 $110,650
Median Down Payment i
$21,140
(Feb 2024)
-31.8%
year-over-year
y-o-y
  • February '24 Feb '24 $21,140
  • January '24 Jan '24 $17,800
  • December '23 Dec '23 $30,000
  • November '23 Nov '23 $12,385
  • October '23 Oct '23 $24,807
  • September '23 Sep '23 $33,437
  • August '23 Aug '23 $26,600
  • July '23 Jul '23 $47,687
  • June '23 Jun '23 $28,725
  • May '23 May '23 $28,112
  • April '23 Apr '23 $19,000
  • March '23 Mar '23 $22,100
Number of Homes Sold i
37
(Feb 2024)
+37%
year-over-year
y-o-y
  • February '24 Feb '24 37
  • January '24 Jan '24 49
  • December '23 Dec '23 31
  • November '23 Nov '23 41
  • October '23 Oct '23 73
  • September '23 Sep '23 33
  • August '23 Aug '23 54
  • July '23 Jul '23 45
  • June '23 Jun '23 51
  • May '23 May '23 33
  • April '23 Apr '23 37
  • March '23 Mar '23 46
Number of Purchase Loans i
20
(Feb 2024)
+81.8%
year-over-year
y-o-y
  • February '24 Feb '24 20
  • January '24 Jan '24 11
  • December '23 Dec '23 20
  • November '23 Nov '23 24
  • October '23 Oct '23 37
  • September '23 Sep '23 11
  • August '23 Aug '23 43
  • July '23 Jul '23 11
  • June '23 Jun '23 18
  • May '23 May '23 18
  • April '23 Apr '23 16
  • March '23 Mar '23 23
Number of REFI Loans i
16
(Feb 2024)
+45.5%
year-over-year
y-o-y
  • February '24 Feb '24 16
  • January '24 Jan '24 13
  • December '23 Dec '23 11
  • November '23 Nov '23 11
  • October '23 Oct '23 11
  • September '23 Sep '23 9
  • August '23 Aug '23 15
  • July '23 Jul '23 11
  • June '23 Jun '23 17
  • May '23 May '23 4
  • April '23 Apr '23 6
  • March '23 Mar '23 7
Number of HELOC Loans i
2
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 3
  • December '23 Dec '23 3
  • November '23 Nov '23 2
  • October '23 Oct '23 4
  • September '23 Sep '23 3
  • August '23 Aug '23 5
  • July '23 Jul '23 1
  • June '23 Jun '23 3
  • May '23 May '23 2
  • April '23 Apr '23 N/A
  • March '23 Mar '23 3

Memphis, TN 38114 Foreclosure Activity

There were a total of 2 Memphis, TN 38114 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 2 Memphis, TN 38114 properties and repossessed 1 Memphis, TN 38114 properties through completed foreclosures (REOs) in February 2024.

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