38103 Real Estate Market

38103 Market

The median sale price for homes in 38103 over the last 12 months is $187,000.


The median mortgage debt is $83,480.

Additional Statistics for Single Family Homes and Condos in Memphis, TN
$216,700
Median Listing Price
73
Median Days on Market
116
Active Listings
6.0%
Distressed Listings
(foreclosures and short sales)
38103 (Memphis, TN) Price Trends - Sold vs. Listed
The median list price in May for single family homes in Memphis is $289,900. The list prices dropped by -4.3% from the previous month.

The median sale price in February for single family homes is $195,000. The sale prices dropped by -1.26% from the previous month.

The price per square foot for sales in this area is $127.

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38103 (Memphis, TN) Market Inventory Trends

The number of active listings in Memphis dropped by 29.5% from the previous month.

The median number of days active properties have been listed is 43. This is significantly shorter than the national average.

The number of sales in February dropped by 42.9% from the previous month.

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38103 (Memphis, TN) Property Ownership

The percent of owner occupied properties in Memphis is 36.23% below the national average.

The percent of rental properties in Memphis is 38.13% above the national average which is typical for urban areas.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.