| Location | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 38127 | $46,247 | -5.4% | $40,090 | $48,900 | $49,000 | Memphis | $79,600 | +7.6% | $71,850 | $74,000 | $89,900 |
Memphis, 38127 Market Trends
Today, December 2, 2009
Memphis, 38127 Summary
The median sales price for homes in ZIP code 38127 for Aug 09 to Oct 09 was $46,247. This represents an increase of 15.4%, or $6,157, compared to the prior quarter and a decrease of 5.4% compared to the prior year. Sales prices have depreciated 5.6% over the last 5 years in 38127, Memphis.
The median sales price of $46,247 for 38127 is 41.90% lower than the median sales price for Memphis TN. Average listing price for homes on Trulia in ZIP code 38127 was $53,444 for the week ending Nov 25, which represents a decline of 2%, or $1,083 compared to the prior week and a decline of 0.2%, or $107, compared to the week ending Nov 04. Average price per square foot for homes in 38127 was $39 in the most recent quarter, which is 58.95% lower than the average price per square foot for homes in Memphis.
| Location | Week ending Nov 25 | w-o-w | Week ending Nov 18 | Week ending Nov 11 | Week ending Nov 4 |
|---|---|---|---|---|---|
| 38127 | $53,444 | -2.0% | $54,527 | $53,682 | $53,551 | Memphis | $180,553 | -0.9% | $182,118 | $181,860 | $185,440 |
| Location | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 38127 | $39 | 0.0% | $38 | $39 | $40 | Memphis | $95 | +41.8% | $60 | $67 | $140 |
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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