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Memphis, TN 38117 Real Estate & Property Data

Memphis, TN 38117 Real Estate Market Trends

Last Updated: September 20, 2025

A total of 740 residential properties have been sold over the past 12 months in 38117. With a median sales price of $290,000 in 38117 and a total of 1 foreclosures in Memphis, TN 38117. Discover market trends and get the granular level real estate data for Memphis, TN 38117 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38117 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38117 Real Estate Market Trends

Get property data for any address in Memphis, TN 38117 or the country:

Total Residential Properties 11,621

Total Commercial Properties 319

Avg. Home Age (Single Family Home) 67 Years

Avg. Square Feet (Single Family Home) 1,988

Total 2025 Residential Sales (year-to-date) 402

% of Homes Seriously Underwater (Q3 2025) 1.24%

Total 2024 Residential Sales 703

% of Equity Rich Homes (Q3 2025) 34.51%

Effective 2024 Property Tax 1.65%

Total Foreclosure Filings (year-to-date) 11

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Memphis, TN 38117 Real Estate Overview

There were 740 residential properties sold in the past year in Memphis, TN 38117. The median home value in Memphis, TN 38117 is $257,473. There are a total of 11,621 residential properties in the 38117.

Median Sales Price i

$290,000

(Jul 2025)

+9.9%

year-over-year

y-o-y

July '25 Jul '25 $290,000
June '25 Jun '25 $280,000
May '25 May '25 $335,000
April '25 Apr '25 $259,050
March '25 Mar '25 $286,650
February '25 Feb '25 $294,000
January '25 Jan '25 $290,000
December '24 Dec '24 $211,500
November '24 Nov '24 $245,000
October '24 Oct '24 $260,000
September '24 Sep '24 $243,649
August '24 Aug '24 $315,000

Median Down Payment i

$48,000

(Jul 2025)

+13.9%

year-over-year

y-o-y

July '25 Jul '25 $48,000
June '25 Jun '25 $20,969
May '25 May '25 $73,300
April '25 Apr '25 $18,713
March '25 Mar '25 $47,300
February '25 Feb '25 $17,225
January '25 Jan '25 $43,510
December '24 Dec '24 $39,000
November '24 Nov '24 $34,450
October '24 Oct '24 $41,106
September '24 Sep '24 $10,410
August '24 Aug '24 $41,250

Number of Homes Sold i

68

(Jul 2025)

+1.5%

year-over-year

y-o-y

July '25 Jul '25 68
June '25 Jun '25 85
May '25 May '25 55
April '25 Apr '25 55
March '25 Mar '25 48
February '25 Feb '25 36
January '25 Jan '25 55
December '24 Dec '24 41
November '24 Nov '24 43
October '24 Oct '24 64
September '24 Sep '24 54
August '24 Aug '24 69

Number of Purchase Loans i

48

(Jul 2025)

-7.7%

year-over-year

y-o-y

July '25 Jul '25 48
June '25 Jun '25 65
May '25 May '25 48
April '25 Apr '25 46
March '25 Mar '25 39
February '25 Feb '25 27
January '25 Jan '25 40
December '24 Dec '24 37
November '24 Nov '24 28
October '24 Oct '24 48
September '24 Sep '24 42
August '24 Aug '24 52

Number of REFI Loans i

14

(Jul 2025)

year-over-year

y-o-y

July '25 Jul '25 14
June '25 Jun '25 23
May '25 May '25 27
April '25 Apr '25 14
March '25 Mar '25 21
February '25 Feb '25 15
January '25 Jan '25 13
December '24 Dec '24 15
November '24 Nov '24 17
October '24 Oct '24 14
September '24 Sep '24 13
August '24 Aug '24 15

Number of HELOC Loans i

19

(Jul 2025)

+58.3%

year-over-year

y-o-y

July '25 Jul '25 19
June '25 Jun '25 23
May '25 May '25 15
April '25 Apr '25 11
March '25 Mar '25 10
February '25 Feb '25 16
January '25 Jan '25 10
December '24 Dec '24 16
November '24 Nov '24 7
October '24 Oct '24 17
September '24 Sep '24 10
August '24 Aug '24 15

Memphis, TN 38117 Real Estate Market Overview

Last 30 days

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Memphis, TN 38117 Foreclosure Activity

There were a total of 1 Memphis, TN 38117 properties with a foreclosure filing in July 2025.

Total Foreclosure Filings i

1

(Jul 2025)

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

Foreclosure Starts i

1

(Jul 2025)

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

Completed Foreclosures (REOs) i

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

Nearby Zip Codes

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

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