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Week ending Dec 2
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Memphis, 38114 Real Estate Overview
Today, December 11, 2009
Market View for 38114
Avg. Listing Price
$60,015
Wk ending Dec 02
-$381
-0.6%
w-o-w
-0.6%
w-o-w
Median Sales Price
$48,360
Sep '09 - Nov '09
+$7,408
+18.1%
y-o-y
+18.1%
y-o-y
w-o-w
Memphis, 38114 Summary
The median sales price for homes in ZIP code 38114 in Memphis from Sep 09 to Nov 09 was $48,360 based on 50 sales. Compared to the same period one year ago, the median sales price increased 18.1%, or $7,408, and the number of sales decreased 30.6%. Average price per square foot for homes in 38114 was $45, an increase of 18.4% compared to the same period last year.
There are currently 75 resale and new homes in ZIP code 38114 on Trulia, including 133 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 38114 was $60,015 for the week ending Dec 02, which represents a decrease of 0.6%, or $381, compared to the prior week. Popular ZIP codes in Memphis include 38125 and 38104, with average listing prices of $290,964 and $252,316.
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