Memphis, TN 38109 Real Estate & Property Data

Memphis, TN 38109 Real Estate Market Trends
Last Updated: March 29, 2024

A total of 851 residential properties have been sold over the past 12 months in 38109. With a median sales price of $115,600 in 38109 and a total of 6 foreclosures in Memphis, TN 38109. Discover market trends and get the granular level real estate data for Memphis, TN 38109 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38109 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38109 Real Estate Market Trends
Total Residential Properties 16,614
Total Commercial Properties 395
Avg. Home Age (Single Family Home) 61 Years
Avg. Square Feet (Single Family Home) 1,299
Total 2024 Residential Sales (year-to-date) 66
% of Homes Seriously Underwater (Q1 2024) 2.9%
Total 2023 Residential Sales 785
% of Equity Rich Homes (Q1 2024) 30.64%
Effective 2023 Property Tax 1.04%
Total Foreclosure Filings (year-to-date) 6
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Memphis, TN 38109 Real Estate Overview

There were 851 residential properties sold in the past year in Memphis, TN 38109. The median home value in Memphis, TN 38109 is $84,000. There are a total of 16,614 residential properties in the 38109.

Median Sales Price i
$115,600
(Jan 2024)
+53.6%
year-over-year
y-o-y
  • January '24 Jan '24 $115,600
  • December '23 Dec '23 $115,200
  • November '23 Nov '23 $91,250
  • October '23 Oct '23 $119,950
  • September '23 Sep '23 $125,000
  • August '23 Aug '23 $115,000
  • July '23 Jul '23 $120,000
  • June '23 Jun '23 $115,000
  • May '23 May '23 $112,000
  • April '23 Apr '23 $108,405
  • March '23 Mar '23 $118,800
  • February '23 Feb '23 $102,000
Median Down Payment i
$28,225
(Jan 2024)
+51.3%
year-over-year
y-o-y
  • January '24 Jan '24 $28,225
  • December '23 Dec '23 $24,090
  • November '23 Nov '23 $31,150
  • October '23 Oct '23 $31,000
  • September '23 Sep '23 $31,500
  • August '23 Aug '23 $27,840
  • July '23 Jul '23 $21,050
  • June '23 Jun '23 $24,625
  • May '23 May '23 $26,840
  • April '23 Apr '23 $23,900
  • March '23 Mar '23 $27,362
  • February '23 Feb '23 $27,212
Number of Homes Sold i
66
(Jan 2024)
+6.5%
year-over-year
y-o-y
  • January '24 Jan '24 66
  • December '23 Dec '23 51
  • November '23 Nov '23 72
  • October '23 Oct '23 75
  • September '23 Sep '23 67
  • August '23 Aug '23 87
  • July '23 Jul '23 64
  • June '23 Jun '23 72
  • May '23 May '23 69
  • April '23 Apr '23 61
  • March '23 Mar '23 61
  • February '23 Feb '23 44
Number of Purchase Loans i
42
(Jan 2024)
+23.5%
year-over-year
y-o-y
  • January '24 Jan '24 42
  • December '23 Dec '23 39
  • November '23 Nov '23 41
  • October '23 Oct '23 43
  • September '23 Sep '23 33
  • August '23 Aug '23 46
  • July '23 Jul '23 48
  • June '23 Jun '23 43
  • May '23 May '23 46
  • April '23 Apr '23 32
  • March '23 Mar '23 33
  • February '23 Feb '23 24
Number of REFI Loans i
20
(Jan 2024)
-20%
year-over-year
y-o-y
  • January '24 Jan '24 20
  • December '23 Dec '23 21
  • November '23 Nov '23 17
  • October '23 Oct '23 13
  • September '23 Sep '23 21
  • August '23 Aug '23 22
  • July '23 Jul '23 17
  • June '23 Jun '23 19
  • May '23 May '23 20
  • April '23 Apr '23 16
  • March '23 Mar '23 22
  • February '23 Feb '23 25
Number of HELOC Loans i
4
(Jan 2024)
-71.4%
year-over-year
y-o-y
  • January '24 Jan '24 4
  • December '23 Dec '23 4
  • November '23 Nov '23 8
  • October '23 Oct '23 9
  • September '23 Sep '23 6
  • August '23 Aug '23 7
  • July '23 Jul '23 2
  • June '23 Jun '23 7
  • May '23 May '23 2
  • April '23 Apr '23 4
  • March '23 Mar '23 8
  • February '23 Feb '23 8

Memphis, TN 38109 Foreclosure Activity

There were a total of 6 Memphis, TN 38109 properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 6 Memphis, TN 38109 properties and repossessed 1 Memphis, TN 38109 properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
6
(Jan 2024)
+100%
year-over-year
y-o-y
  • January '24 Jan '24 6
  • December '23 Dec '23 4
  • November '23 Nov '23 6
  • October '23 Oct '23 3
  • September '23 Sep '23 3
  • August '23 Aug '23 5
  • July '23 Jul '23 3
  • June '23 Jun '23 2
  • May '23 May '23 3
  • April '23 Apr '23 2
  • March '23 Mar '23 2
  • February '23 Feb '23 10
Foreclosure Starts i
6
(Jan 2024)
+100%
year-over-year
y-o-y
  • January '24 Jan '24 6
  • December '23 Dec '23 4
  • November '23 Nov '23 6
  • October '23 Oct '23 3
  • September '23 Sep '23 3
  • August '23 Aug '23 5
  • July '23 Jul '23 3
  • June '23 Jun '23 2
  • May '23 May '23 3
  • April '23 Apr '23 2
  • March '23 Mar '23 2
  • February '23 Feb '23 10
Completed Foreclosures (REOs) i
1
(Jan 2024)
year-over-year
y-o-y
  • January '24 Jan '24 1
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 4
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 1
  • May '23 May '23 2
  • April '23 Apr '23 2
  • March '23 Mar '23 2
  • February '23 Feb '23 3
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