Memphis, TN 38128 Real Estate & Property Data

Memphis, TN 38128 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 703 residential properties have been sold over the past 12 months in 38128. With a median sales price of $173,500 in 38128 and a total of 2 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
Total Residential Properties 12,230
Total Commercial Properties 322
Avg. Home Age (Single Family Home) 52 Years
Avg. Square Feet (Single Family Home) 1,574
Total 2025 Residential Sales (year-to-date) 95
% of Homes Seriously Underwater (Q2 2025) 2.42%
Total 2024 Residential Sales 671
% of Equity Rich Homes (Q2 2025) 38.94%
Effective 2024 Property Tax 0.99%
Total Foreclosure Filings (year-to-date) 7
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Memphis, TN 38128 Real Estate Overview

There were 703 residential properties sold in the past year in Memphis, TN 38128. The median home value in Memphis, TN 38128 is $136,768. There are a total of 12,230 residential properties in the 38128.

Median Sales Price i
$173,500
(Feb 2025)
+38.9%
year-over-year
y-o-y
  • 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
  • July '24 Jul '24 $145,000
  • June '24 Jun '24 $133,635
  • May '24 May '24 $153,750
  • April '24 Apr '24 $132,900
  • March '24 Mar '24 $167,475
Median Down Payment i
$4,443
(Feb 2025)
-83.2%
year-over-year
y-o-y
  • February '25 Feb '25 $4,443
  • January '25 Jan '25 $28,028
  • 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
  • July '24 Jul '24 $26,380
  • June '24 Jun '24 $22,375
  • May '24 May '24 $22,400
  • April '24 Apr '24 $26,000
  • March '24 Mar '24 $32,750
Number of Homes Sold i
46
(Feb 2025)
-16.4%
year-over-year
y-o-y
  • 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 63
  • August '24 Aug '24 56
  • July '24 Jul '24 71
  • June '24 Jun '24 50
  • May '24 May '24 67
  • April '24 Apr '24 60
  • March '24 Mar '24 41
Number of Purchase Loans i
33
(Feb 2025)
+3.1%
year-over-year
y-o-y
  • February '25 Feb '25 33
  • January '25 Jan '25 39
  • December '24 Dec '24 34
  • November '24 Nov '24 28
  • October '24 Oct '24 39
  • September '24 Sep '24 42
  • August '24 Aug '24 37
  • July '24 Jul '24 49
  • June '24 Jun '24 22
  • May '24 May '24 50
  • April '24 Apr '24 38
  • March '24 Mar '24 29
Number of REFI Loans i
23
(Feb 2025)
-28.1%
year-over-year
y-o-y
  • February '25 Feb '25 23
  • January '25 Jan '25 37
  • December '24 Dec '24 26
  • November '24 Nov '24 14
  • October '24 Oct '24 25
  • September '24 Sep '24 45
  • August '24 Aug '24 26
  • July '24 Jul '24 33
  • June '24 Jun '24 29
  • May '24 May '24 25
  • April '24 Apr '24 27
  • March '24 Mar '24 18
Number of HELOC Loans i
5
(Feb 2025)
+150%
year-over-year
y-o-y
  • 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
  • July '24 Jul '24 7
  • June '24 Jun '24 1
  • May '24 May '24 5
  • April '24 Apr '24 6
  • March '24 Mar '24 3

Memphis, TN 38128 Foreclosure Activity

There were a total of 2 Memphis, TN 38128 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 2 Memphis, TN 38128 properties and repossessed 1 Memphis, TN 38128 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i
2
(Feb 2025)
-50%
year-over-year
y-o-y
  • 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
  • July '24 Jul '24 4
  • June '24 Jun '24 5
  • May '24 May '24 5
  • April '24 Apr '24 5
  • March '24 Mar '24 5
Foreclosure Starts i
2
(Feb 2025)
-50%
year-over-year
y-o-y
  • 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
  • July '24 Jul '24 4
  • June '24 Jun '24 5
  • May '24 May '24 5
  • April '24 Apr '24 5
  • March '24 Mar '24 5
Completed Foreclosures (REOs) i
1
(Feb 2025)
  • 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
  • July '24 Jul '24 1
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 1
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