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Memphis, TN 38128 Real Estate & Property Data

Memphis, TN 38128 Real Estate Market Trends
Last Updated: October 11, 2025

A total of 663 residential properties have been sold over the past 12 months in 38128. With a median sales price of $166,500 in 38128 and a total of 8 foreclosures in Memphis, TN 38128. Discover market trends and get the granular level real estate data for Memphis, TN 38128 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38128 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38128 Real Estate Market Trends
Get property data for any address in Memphis, TN 38128 or the country:
Total Residential Properties 12,240
Total Commercial Properties 323
Avg. Home Age (Single Family Home) 52 Years
Avg. Square Feet (Single Family Home) 1,576
Total 2025 Residential Sales (year-to-date) 327
% of Homes Seriously Underwater (Q4 2025) 1.52%
Total 2024 Residential Sales 676
% of Equity Rich Homes (Q4 2025) 40.41%
Effective 2024 Property Tax 1.46%
Total Foreclosure Filings (year-to-date) 26
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Memphis, TN 38128 Real Estate Overview

There were 663 residential properties sold in the past year in Memphis, TN 38128. The median home value in Memphis, TN 38128 is $150,236. There are a total of 12,240 residential properties in the 38128.

Median Sales Price i
$166,500
(Jul 2025)
+14.8%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 $166,500
  • June '25 Jun '25 $180,000
  • May '25 May '25 $149,050
  • April '25 Apr '25 $160,000
  • March '25 Mar '25 $177,000
  • February '25 Feb '25 $173,500
  • January '25 Jan '25 $164,900
  • December '24 Dec '24 $148,250
  • November '24 Nov '24 $173,000
  • October '24 Oct '24 $140,500
  • September '24 Sep '24 $149,097
  • August '24 Aug '24 $130,000
Median Down Payment i
$25,507
(Jul 2025)
-3.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 $25,507
  • June '25 Jun '25 $33,062
  • May '25 May '25 $20,125
  • April '25 Apr '25 $16,547
  • March '25 Mar '25 $32,250
  • February '25 Feb '25 $4,443
  • January '25 Jan '25 $25,739
  • December '24 Dec '24 $14,958
  • November '24 Nov '24 $17,410
  • October '24 Oct '24 $31,562
  • September '24 Sep '24 $24,460
  • August '24 Aug '24 $25,500
Number of Homes Sold i
38
(Jul 2025)
-46.5%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 38
  • June '25 Jun '25 48
  • May '25 May '25 56
  • April '25 Apr '25 36
  • March '25 Mar '25 54
  • February '25 Feb '25 46
  • January '25 Jan '25 49
  • December '24 Dec '24 47
  • November '24 Nov '24 54
  • October '24 Oct '24 44
  • September '24 Sep '24 64
  • August '24 Aug '24 56
Number of Purchase Loans i
31
(Jul 2025)
-36.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 31
  • June '25 Jun '25 33
  • May '25 May '25 35
  • April '25 Apr '25 24
  • March '25 Mar '25 44
  • February '25 Feb '25 33
  • January '25 Jan '25 39
  • December '24 Dec '24 31
  • November '24 Nov '24 28
  • October '24 Oct '24 34
  • September '24 Sep '24 42
  • August '24 Aug '24 37
Number of REFI Loans i
15
(Jul 2025)
-54.5%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 15
  • June '25 Jun '25 39
  • May '25 May '25 37
  • April '25 Apr '25 25
  • March '25 Mar '25 17
  • February '25 Feb '25 23
  • January '25 Jan '25 37
  • December '24 Dec '24 25
  • November '24 Nov '24 14
  • October '24 Oct '24 25
  • September '24 Sep '24 46
  • August '24 Aug '24 29
Number of HELOC Loans i
4
(Jul 2025)
-33.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 4
  • June '25 Jun '25 4
  • May '25 May '25 4
  • April '25 Apr '25 2
  • March '25 Mar '25 5
  • February '25 Feb '25 5
  • January '25 Jan '25 6
  • December '24 Dec '24 5
  • November '24 Nov '24 2
  • October '24 Oct '24 3
  • September '24 Sep '24 4
  • August '24 Aug '24 7

Memphis, TN 38128 Real Estate Market Overview

Last 30 days
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Memphis, TN 38128 Foreclosure Activity

There were a total of 8 Memphis, TN 38128 properties with a foreclosure filing in July 2025. Lenders started the foreclosure process on 8 Memphis, TN 38128 properties and repossessed 1 Memphis, TN 38128 properties through completed foreclosures (REOs) in July 2025.

Total Foreclosure Filings i
8
(Jul 2025)
+100%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 8
  • June '25 Jun '25 3
  • May '25 May '25 2
  • April '25 Apr '25 4
  • March '25 Mar '25 2
  • February '25 Feb '25 2
  • January '25 Jan '25 5
  • December '24 Dec '24 8
  • November '24 Nov '24 1
  • October '24 Oct '24 5
  • September '24 Sep '24 2
  • August '24 Aug '24 2
Foreclosure Starts i
8
(Jul 2025)
+100%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 8
  • June '25 Jun '25 3
  • May '25 May '25 2
  • April '25 Apr '25 4
  • March '25 Mar '25 2
  • February '25 Feb '25 2
  • January '25 Jan '25 5
  • December '24 Dec '24 8
  • November '24 Nov '24 1
  • October '24 Oct '24 5
  • September '24 Sep '24 2
  • August '24 Aug '24 2
Completed Foreclosures (REOs) i
1
(Jul 2025)
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 1
  • June '25 Jun '25 2
  • May '25 May '25 N/A
  • April '25 Apr '25 N/A
  • March '25 Mar '25 3
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 1
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 2
  • August '24 Aug '24 1
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