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Memphis, TN 38122 Real Estate & Property Data

Memphis, TN 38122 Real Estate Market Trends

Last Updated: April 22, 2025

A total of 546 residential properties have been sold over the past 12 months in 38122. With a median sales price of $136,500 in 38122 and a total of 2 foreclosures in Memphis, TN 38122. Discover market trends and get the granular level real estate data for Memphis, TN 38122 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38122 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 9,274

Total Commercial Properties 395

Avg. Home Age (Single Family Home) 77 Years

Avg. Square Feet (Single Family Home) 1,249

Total 2025 Residential Sales (year-to-date) 60

% of Homes Seriously Underwater (Q2 2025) 3.05%

Total 2024 Residential Sales 529

% of Equity Rich Homes (Q2 2025) 31.46%

Effective 2024 Property Tax 0.95%

Total Foreclosure Filings (year-to-date) 4

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Memphis, TN 38122 Real Estate Overview

There were 546 residential properties sold in the past year in Memphis, TN 38122. The median home value in Memphis, TN 38122 is $124,453. There are a total of 9,274 residential properties in the 38122.

Median Sales Price i

$136,500

(Feb 2025)

-15.5%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $136,500
January '25 Jan '25 $125,000
December '24 Dec '24 $144,900
November '24 Nov '24 $135,250
October '24 Oct '24 $144,250
September '24 Sep '24 $151,000
August '24 Aug '24 $115,000
July '24 Jul '24 $174,000
June '24 Jun '24 $155,000
May '24 May '24 $180,000
April '24 Apr '24 $152,000
March '24 Mar '24 $183,750

Median Down Payment i

$19,975

(Feb 2025)

-27.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $19,975
January '25 Jan '25 $21,234
December '24 Dec '24 $34,000
November '24 Nov '24 $12,179
October '24 Oct '24 $15,750
September '24 Sep '24 $31,500
August '24 Aug '24 $17,000
July '24 Jul '24 $26,250
June '24 Jun '24 $20,717
May '24 May '24 $23,524
April '24 Apr '24 $30,000
March '24 Mar '24 $39,875

Number of Homes Sold i

(Feb 2025)

-49%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 25
January '25 Jan '25 35
December '24 Dec '24 40
November '24 Nov '24 34
October '24 Oct '24 41
September '24 Sep '24 37
August '24 Aug '24 48
July '24 Jul '24 48
June '24 Jun '24 49
May '24 May '24 48
April '24 Apr '24 41
March '24 Mar '24 51

Number of Purchase Loans i

(Feb 2025)

-33.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 14
January '25 Jan '25 22
December '24 Dec '24 21
November '24 Nov '24 16
October '24 Oct '24 26
September '24 Sep '24 24
August '24 Aug '24 33
July '24 Jul '24 32
June '24 Jun '24 28
May '24 May '24 29
April '24 Apr '24 22
March '24 Mar '24 30

Number of REFI Loans i

(Feb 2025)

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 13
January '25 Jan '25 20
December '24 Dec '24 14
November '24 Nov '24 8
October '24 Oct '24 9
September '24 Sep '24 10
August '24 Aug '24 9
July '24 Jul '24 13
June '24 Jun '24 10
May '24 May '24 5
April '24 Apr '24 19
March '24 Mar '24 9

Number of HELOC Loans i

(Feb 2025)

-33.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 2
January '25 Jan '25 4
December '24 Dec '24 5
November '24 Nov '24 1
October '24 Oct '24 3
September '24 Sep '24 1
August '24 Aug '24 6
July '24 Jul '24 14
June '24 Jun '24 2
May '24 May '24 2
April '24 Apr '24 1
March '24 Mar '24 4

Memphis, TN 38122 Real Estate Market Overview

Last 30 days

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Memphis, TN 38122 Foreclosure Activity

There were a total of 2 Memphis, TN 38122 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 2 Memphis, TN 38122 properties and repossessed 1 Memphis, TN 38122 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