Memphis, 38116 Market Trends


Median Sales Price in Memphis, 38116

 

1 yr 5 yr Max
Memphis, 38116 median sales prices
Number of sold homes in Memphis, 38116
Location Feb - May '15 y-o-y 3 months prior 1 year prior 5 years prior
38116 $60,000 -25.0% $83,450 $80,000 $63,000
Memphis $113,000 +2.8% $100,000 $109,900 $95,000
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Summary for Memphis, 38116


The median sales price for homes in ZIP code 38116 for Feb 15 to May 15 was $60,000. This represents a decline of 28.1%, or $23,450, compared to the prior quarter and a decrease of 25% compared to the prior year. Sales prices have depreciated 4.8% over the last 5 years in 38116, Memphis. The median sales price of $60,000 for 38116 is 46.90% lower than the median sales price for Memphis TN. Average listing price for homes on Trulia in ZIP code 38116 was $58,920 for the week ending May 13, which represents an increase of 5.4%, or $3,008 compared to the prior week and an increase of 13.3%, or $6,932, compared to the week ending Apr 22. Average price per square foot for homes in 38116 was $63 in the most recent quarter, which is 11.27% lower than the average price per square foot for homes in Memphis.

Average Listing Price in Memphis, 38116

 

Memphis, 38116 average property price
Memphis, 38116 – number of properties
Location Week ending
May 13
w-o-w Week ending
May 6
Week ending
Apr 29
Week ending
Apr 22
38116 $58,920 +5.4% $55,912 $56,004 $51,988
Memphis $172,799 +6.6% $162,112 $163,633 $153,439
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Average Price Per Sqft. for Homes in Memphis, 38116

 

1 yr 5 yr Max
Memphis, 38116 average price per square foot
Location Feb - May '15 y-o-y 3 months prior 1 year prior 5 years prior
38116 $63 +31.2% $42 $48 $37
Memphis $71 -1.4% $67 $72 $63
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Popular Zips in Memphis


Zips Week ending
May 13
w-o-w Week ending
May 6
Week ending
Apr 29
38125 1 1 2
38117 2 2 1
38104 3 3 3
38111 4 4 4
38103 5 +1 6 7
38119 6 -1 5 5
Homes for Sale in 38116
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