Memphis, TN 38127 Real Estate & Property Data

Memphis, TN 38127 Real Estate Market Trends
Last Updated: April 23, 2024

A total of 1,031 residential properties have been sold over the past 12 months in 38127. With a median sales price of $90,500 in 38127 and a total of 4 foreclosures in Memphis, TN 38127. Discover market trends and get the granular level real estate data for Memphis, TN 38127 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38127 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38127 Real Estate Market Trends
Total Residential Properties 13,873
Total Commercial Properties 347
Avg. Home Age (Single Family Home) 61 Years
Avg. Square Feet (Single Family Home) 1,301
Total 2024 Residential Sales (year-to-date) 150
% of Homes Seriously Underwater (Q2 2024) 2.36%
Total 2023 Residential Sales 952
% of Equity Rich Homes (Q2 2024) 34.83%
Effective 2023 Property Tax 0.95%
Total Foreclosure Filings (year-to-date) 8
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Memphis, TN 38127 Real Estate Overview

There were 1,031 residential properties sold in the past year in Memphis, TN 38127. The median home value in Memphis, TN 38127 is $91,892. There are a total of 13,873 residential properties in the 38127.

Median Sales Price i
$90,500
(Feb 2024)
-19.2%
year-over-year
y-o-y
  • February '24 Feb '24 $90,500
  • January '24 Jan '24 $119,900
  • December '23 Dec '23 $110,000
  • November '23 Nov '23 $90,760
  • October '23 Oct '23 $108,950
  • September '23 Sep '23 $124,375
  • August '23 Aug '23 $85,500
  • July '23 Jul '23 $99,900
  • June '23 Jun '23 $90,000
  • May '23 May '23 $104,900
  • April '23 Apr '23 $105,000
  • March '23 Mar '23 $113,000
Median Down Payment i
$29,575
(Feb 2024)
+15.6%
year-over-year
y-o-y
  • February '24 Feb '24 $29,575
  • January '24 Jan '24 $27,180
  • December '23 Dec '23 $25,980
  • November '23 Nov '23 $29,387
  • October '23 Oct '23 $29,875
  • September '23 Sep '23 $24,750
  • August '23 Aug '23 $24,000
  • July '23 Jul '23 $16,500
  • June '23 Jun '23 $22,400
  • May '23 May '23 $25,206
  • April '23 Apr '23 $23,380
  • March '23 Mar '23 $28,337
Number of Homes Sold i
70
(Feb 2024)
-5.4%
year-over-year
y-o-y
  • February '24 Feb '24 70
  • January '24 Jan '24 80
  • December '23 Dec '23 67
  • November '23 Nov '23 79
  • October '23 Oct '23 85
  • September '23 Sep '23 62
  • August '23 Aug '23 105
  • July '23 Jul '23 59
  • June '23 Jun '23 101
  • May '23 May '23 82
  • April '23 Apr '23 75
  • March '23 Mar '23 92
Number of Purchase Loans i
42
(Feb 2024)
+5%
year-over-year
y-o-y
  • February '24 Feb '24 42
  • January '24 Jan '24 52
  • December '23 Dec '23 41
  • November '23 Nov '23 53
  • October '23 Oct '23 45
  • September '23 Sep '23 29
  • August '23 Aug '23 63
  • July '23 Jul '23 42
  • June '23 Jun '23 52
  • May '23 May '23 51
  • April '23 Apr '23 39
  • March '23 Mar '23 53
Number of REFI Loans i
13
(Feb 2024)
+8.3%
year-over-year
y-o-y
  • February '24 Feb '24 13
  • January '24 Jan '24 31
  • December '23 Dec '23 25
  • November '23 Nov '23 19
  • October '23 Oct '23 17
  • September '23 Sep '23 22
  • August '23 Aug '23 30
  • July '23 Jul '23 13
  • June '23 Jun '23 25
  • May '23 May '23 25
  • April '23 Apr '23 10
  • March '23 Mar '23 16
Number of HELOC Loans i
3
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 1
  • December '23 Dec '23 3
  • November '23 Nov '23 7
  • October '23 Oct '23 5
  • September '23 Sep '23 3
  • August '23 Aug '23 6
  • July '23 Jul '23 2
  • June '23 Jun '23 5
  • May '23 May '23 5
  • April '23 Apr '23 4
  • March '23 Mar '23 7

Memphis, TN 38127 Foreclosure Activity

There were a total of 4 Memphis, TN 38127 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 4 Memphis, TN 38127 properties and repossessed 1 Memphis, TN 38127 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
4
(Feb 2024)
+300%
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 4
  • December '23 Dec '23 N/A
  • November '23 Nov '23 1
  • October '23 Oct '23 2
  • September '23 Sep '23 4
  • August '23 Aug '23 4
  • July '23 Jul '23 6
  • June '23 Jun '23 3
  • May '23 May '23 4
  • April '23 Apr '23 3
  • March '23 Mar '23 5
Foreclosure Starts i
4
(Feb 2024)
+300%
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 4
  • December '23 Dec '23 N/A
  • November '23 Nov '23 1
  • October '23 Oct '23 2
  • September '23 Sep '23 4
  • August '23 Aug '23 4
  • July '23 Jul '23 6
  • June '23 Jun '23 3
  • May '23 May '23 4
  • April '23 Apr '23 3
  • March '23 Mar '23 5
Completed Foreclosures (REOs) i
1
(Feb 2024)
-66.7%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 2
  • September '23 Sep '23 2
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 2
  • May '23 May '23 N/A
  • April '23 Apr '23 2
  • March '23 Mar '23 2
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