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Memphis, TN 38115 Real Estate & Property Data

Memphis, TN 38115 Real Estate Market Trends

Last Updated: September 27, 2025

A total of 336 residential properties have been sold over the past 12 months in 38115. With a median sales price of $217,400 in 38115. Discover market trends and get the granular level real estate data for Memphis, TN 38115 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38115 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38115 Real Estate Market Trends

Get property data for any address in Memphis, TN 38115 or the country:

Total Residential Properties 7,028

Total Commercial Properties 499

Avg. Home Age (Single Family Home) 51 Years

Avg. Square Feet (Single Family Home) 1,780

Total 2025 Residential Sales (year-to-date) 186

% of Homes Seriously Underwater (Q3 2025) 1.04%

Total 2024 Residential Sales 359

% of Equity Rich Homes (Q3 2025) 36.02%

Effective 2024 Property Tax 1.59%

Total Foreclosure Filings (year-to-date) 9

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Memphis, TN 38115 Real Estate Overview

There were 336 residential properties sold in the past year in Memphis, TN 38115. The median home value in Memphis, TN 38115 is $179,468. There are a total of 7,028 residential properties in the 38115.

Median Sales Price i

$217,400

(Jul 2025)

+20.8%

year-over-year

y-o-y

July '25 Jul '25 $217,400
June '25 Jun '25 $225,000
May '25 May '25 $197,500
April '25 Apr '25 $203,000
March '25 Mar '25 $172,250
February '25 Feb '25 $240,000
January '25 Jan '25 $207,500
December '24 Dec '24 $177,450
November '24 Nov '24 $223,900
October '24 Oct '24 $186,600
September '24 Sep '24 $213,000
August '24 Aug '24 $177,000

Median Down Payment i

$46,000

(Jul 2025)

+1054.3%

year-over-year

y-o-y

July '25 Jul '25 $46,000
June '25 Jun '25 $68,212
May '25 May '25 $29,812
April '25 Apr '25 $8,438
March '25 Mar '25 $20,422
February '25 Feb '25 $72,600
January '25 Jan '25 $38,750
December '24 Dec '24 $16,675
November '24 Nov '24 $55,975
October '24 Oct '24 $36,095
September '24 Sep '24 $72,025
August '24 Aug '24 $37,975

Number of Homes Sold i

25

(Jul 2025)

+19%

year-over-year

y-o-y

July '25 Jul '25 25
June '25 Jun '25 27
May '25 May '25 41
April '25 Apr '25 30
March '25 Mar '25 20
February '25 Feb '25 20
January '25 Jan '25 23
December '24 Dec '24 23
November '24 Nov '24 18
October '24 Oct '24 26
September '24 Sep '24 27
August '24 Aug '24 35

Number of Purchase Loans i

16

(Jul 2025)

+45.5%

year-over-year

y-o-y

July '25 Jul '25 16
June '25 Jun '25 17
May '25 May '25 26
April '25 Apr '25 15
March '25 Mar '25 10
February '25 Feb '25 10
January '25 Jan '25 12
December '24 Dec '24 16
November '24 Nov '24 13
October '24 Oct '24 18
September '24 Sep '24 18
August '24 Aug '24 18

Number of REFI Loans i

8

(Jul 2025)

-27.3%

year-over-year

y-o-y

July '25 Jul '25 8
June '25 Jun '25 16
May '25 May '25 17
April '25 Apr '25 23
March '25 Mar '25 12
February '25 Feb '25 13
January '25 Jan '25 17
December '24 Dec '24 10
November '24 Nov '24 8
October '24 Oct '24 20
September '24 Sep '24 24
August '24 Aug '24 20

Number of HELOC Loans i

2

(Jul 2025)

-77.8%

year-over-year

y-o-y

July '25 Jul '25 2
June '25 Jun '25 6
May '25 May '25 5
April '25 Apr '25 1
March '25 Mar '25 5
February '25 Feb '25 N/A
January '25 Jan '25 3
December '24 Dec '24 1
November '24 Nov '24 1
October '24 Oct '24 3
September '24 Sep '24 2
August '24 Aug '24 1

Memphis, TN 38115 Real Estate Market Overview

Last 30 days

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Memphis, TN 38115 Foreclosure Activity

Total Foreclosure Filings i

July '25 Jul '25 N/A
June '25 Jun '25 2
May '25 May '25 N/A
April '25 Apr '25 2
March '25 Mar '25 1
February '25 Feb '25 4
January '25 Jan '25 N/A
December '24 Dec '24 2
November '24 Nov '24 2
October '24 Oct '24 1
September '24 Sep '24 2
August '24 Aug '24 3

Foreclosure Starts i

July '25 Jul '25 N/A
June '25 Jun '25 2
May '25 May '25 N/A
April '25 Apr '25 2
March '25 Mar '25 1
February '25 Feb '25 4
January '25 Jan '25 N/A
December '24 Dec '24 2
November '24 Nov '24 2
October '24 Oct '24 1
September '24 Sep '24 2
August '24 Aug '24 3

Completed Foreclosures (REOs) i

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

Nearby Zip Codes

1. 38103
2. 38104
3. 38105
4. 38106
5. 38107
6. 38108

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