Memphis, TN 38127 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price: $93,000 is the primary indicator of current market value and recent transaction activity; this level, together with a median days on market: 208, suggests slower sales velocity and that transactions are occurring at a deliberate pace rather than in a rapid churn market. moderate liquidity may be present given the pacing.
2. There is a notable spread between median listing price: $99,900 and the median sold price: $93,000, which may indicate pricing friction where seller expectations exceed recent transaction levels—pricing adjustments or targeted marketing may be required to close that gap. pricing gap
3. Market fundamentals show supportive tailwinds: price year-over-year trend: up and rent year-over-year trend: up, which together point to continuing underlying demand for SFR and condominium properties even as transactions proceed at a measured pace. up
4. Financing and valuation context is mixed: median price per square foot: $80.44 and median market rent: $1,095 provide baseline valuation inputs, while local financing conditions—Current 30-year fixed mortgage rates averaging approximately 6.53% and interest rate pressure: moderate—suggest borrowing costs are stable but remain a consideration for buyers and investors. stable lending environment

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.