38116 Real Estate Market
The median sale price for homes in 38116 over the last 12 months is $56,396.
The median mortgage debt is $67,200.
The price per square foot for listings in this area is $41.
The median sale price in January for single family homes is $49,000. The sale prices dropped by -6.66% from the previous month.
The price per square foot for sales in this area is $26.
The number of active listings in Memphis increased by 2.8% from the previous month.
The median number of days active properties have been listed is 68. This is significantly shorter than the national average.
The number of sales in January dropped by 82.1% from the previous month.
The percent of owner occupied properties in Memphis is 23.38% below the national average.
The percent of rental properties in Memphis is 27.33% above the national average which is typical for urban areas.
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Memphis, TN Real Estate
