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Memphis, TN 38114 Real Estate & Property Data

Memphis, TN 38114 Real Estate Market Trends

Last Updated: April 22, 2025

A total of 541 residential properties have been sold over the past 12 months in 38114. With a median sales price of $70,000 in 38114 and a total of 2 foreclosures in Memphis, TN 38114. Discover market trends and get the granular level real estate data for Memphis, TN 38114 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38114 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

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Total Residential Properties 8,717

Total Commercial Properties 492

Avg. Home Age (Single Family Home) 78 Years

Avg. Square Feet (Single Family Home) 1,281

Total 2025 Residential Sales (year-to-date) 72

% of Homes Seriously Underwater (Q2 2025) 3.1%

Total 2024 Residential Sales 517

% of Equity Rich Homes (Q2 2025) 27.27%

Effective 2024 Property Tax 0.94%

Total Foreclosure Filings (year-to-date) 7

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Memphis, TN 38114 Real Estate Overview

There were 541 residential properties sold in the past year in Memphis, TN 38114. The median home value in Memphis, TN 38114 is $80,123. There are a total of 8,717 residential properties in the 38114.

Median Sales Price i

$70,000

(Feb 2025)

-22.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $70,000
January '25 Jan '25 $105,000
December '24 Dec '24 $105,400
November '24 Nov '24 $120,000
October '24 Oct '24 $110,150
September '24 Sep '24 $108,191
August '24 Aug '24 $80,988
July '24 Jul '24 $104,100
June '24 Jun '24 $102,800
May '24 May '24 $106,000
April '24 Apr '24 $106,000
March '24 Mar '24 $119,900

Median Down Payment i

$9,469

(Feb 2025)

-55.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $9,469
January '25 Jan '25 $26,250
December '24 Dec '24 $26,500
November '24 Nov '24 $31,237
October '24 Oct '24 $24,875
September '24 Sep '24 $25,925
August '24 Aug '24 $11,789
July '24 Jul '24 $26,025
June '24 Jun '24 $17,000
May '24 May '24 $20,000
April '24 Apr '24 $22,400
March '24 Mar '24 $22,360

Number of Homes Sold i

(Feb 2025)

-33.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 24
January '25 Jan '25 48
December '24 Dec '24 40
November '24 Nov '24 45
October '24 Oct '24 37
September '24 Sep '24 52
August '24 Aug '24 31
July '24 Jul '24 37
June '24 Jun '24 56
May '24 May '24 39
April '24 Apr '24 42
March '24 Mar '24 54

Number of Purchase Loans i

(Feb 2025)

-27.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 16
January '25 Jan '25 25
December '24 Dec '24 26
November '24 Nov '24 24
October '24 Oct '24 16
September '24 Sep '24 24
August '24 Aug '24 13
July '24 Jul '24 23
June '24 Jun '24 28
May '24 May '24 22
April '24 Apr '24 18
March '24 Mar '24 27

Number of REFI Loans i

(Feb 2025)

-64.7%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 6
January '25 Jan '25 14
December '24 Dec '24 9
November '24 Nov '24 9
October '24 Oct '24 13
September '24 Sep '24 8
August '24 Aug '24 16
July '24 Jul '24 7
June '24 Jun '24 9
May '24 May '24 10
April '24 Apr '24 12
March '24 Mar '24 18

Number of HELOC Loans i

(Feb 2025)

+50%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 3
January '25 Jan '25 6
December '24 Dec '24 6
November '24 Nov '24 1
October '24 Oct '24 6
September '24 Sep '24 2
August '24 Aug '24 1
July '24 Jul '24 10
June '24 Jun '24 6
May '24 May '24 3
April '24 Apr '24 3
March '24 Mar '24 3

Memphis, TN 38114 Real Estate Market Overview

Last 30 days

Street
Street
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Memphis, TN 38114 Foreclosure Activity

There were a total of 2 Memphis, TN 38114 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 2 Memphis, TN 38114 properties and repossessed 1 Memphis, TN 38114 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i

(Feb 2025)

year-over-year

y-o-y

List Graph

1 year 3 years

5 years