Memphis, TN 38117 Real Estate & Property Data

Memphis, TN 38117 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 798 residential properties have been sold over the past 12 months in 38117. With a median sales price of $241,550 in 38117 and a total of 1 foreclosures in Memphis, TN 38117. Discover market trends and get the granular level real estate data for Memphis, TN 38117 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38117 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38117 Real Estate Market Trends
Total Residential Properties 11,608
Total Commercial Properties 322
Avg. Home Age (Single Family Home) 67 Years
Avg. Square Feet (Single Family Home) 1,983
Total 2024 Residential Sales (year-to-date) 93
% of Homes Seriously Underwater (Q2 2024) 1.42%
Total 2023 Residential Sales 745
% of Equity Rich Homes (Q2 2024) 36.61%
Effective 2023 Property Tax 1.22%
Total Foreclosure Filings (year-to-date) 3
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Memphis, TN 38117 Real Estate Overview

There were 798 residential properties sold in the past year in Memphis, TN 38117. The median home value in Memphis, TN 38117 is $249,363. There are a total of 11,608 residential properties in the 38117.

Median Sales Price i
$241,550
(Feb 2024)
-5.3%
year-over-year
y-o-y
  • February '24 Feb '24 $241,550
  • January '24 Jan '24 $275,000
  • December '23 Dec '23 $240,000
  • November '23 Nov '23 $288,350
  • October '23 Oct '23 $293,000
  • September '23 Sep '23 $242,500
  • August '23 Aug '23 $338,500
  • July '23 Jul '23 $275,000
  • June '23 Jun '23 $340,000
  • May '23 May '23 $266,250
  • April '23 Apr '23 $299,900
  • March '23 Mar '23 $232,500
Median Down Payment i
$17,000
(Feb 2024)
-53.9%
year-over-year
y-o-y
  • February '24 Feb '24 $17,000
  • January '24 Jan '24 $42,250
  • December '23 Dec '23 $36,125
  • November '23 Nov '23 $30,000
  • October '23 Oct '23 $56,534
  • September '23 Sep '23 $21,000
  • August '23 Aug '23 $68,400
  • July '23 Jul '23 $55,000
  • June '23 Jun '23 $48,500
  • May '23 May '23 $39,500
  • April '23 Apr '23 $55,000
  • March '23 Mar '23 $13,272
Number of Homes Sold i
46
(Feb 2024)
+24.3%
year-over-year
y-o-y
  • February '24 Feb '24 46
  • January '24 Jan '24 47
  • December '23 Dec '23 49
  • November '23 Nov '23 59
  • October '23 Oct '23 58
  • September '23 Sep '23 60
  • August '23 Aug '23 83
  • July '23 Jul '23 56
  • June '23 Jun '23 99
  • May '23 May '23 78
  • April '23 Apr '23 63
  • March '23 Mar '23 63
Number of Purchase Loans i
32
(Feb 2024)
+6.7%
year-over-year
y-o-y
  • February '24 Feb '24 32
  • January '24 Jan '24 30
  • December '23 Dec '23 31
  • November '23 Nov '23 41
  • October '23 Oct '23 38
  • September '23 Sep '23 46
  • August '23 Aug '23 58
  • July '23 Jul '23 42
  • June '23 Jun '23 79
  • May '23 May '23 61
  • April '23 Apr '23 42
  • March '23 Mar '23 48
Number of REFI Loans i
13
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 13
  • January '24 Jan '24 7
  • December '23 Dec '23 8
  • November '23 Nov '23 10
  • October '23 Oct '23 15
  • September '23 Sep '23 22
  • August '23 Aug '23 17
  • July '23 Jul '23 11
  • June '23 Jun '23 16
  • May '23 May '23 5
  • April '23 Apr '23 10
  • March '23 Mar '23 14
Number of HELOC Loans i
6
(Feb 2024)
-72.7%
year-over-year
y-o-y
  • February '24 Feb '24 6
  • January '24 Jan '24 4
  • December '23 Dec '23 14
  • November '23 Nov '23 10
  • October '23 Oct '23 15
  • September '23 Sep '23 11
  • August '23 Aug '23 18
  • July '23 Jul '23 15
  • June '23 Jun '23 23
  • May '23 May '23 11
  • April '23 Apr '23 13
  • March '23 Mar '23 15

Memphis, TN 38117 Foreclosure Activity

There were a total of 1 Memphis, TN 38117 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 1 Memphis, TN 38117 properties and repossessed 2 Memphis, TN 38117 properties through completed foreclosures (REOs) in February 2024.

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