38116 Home Prices and Home Values

  • Zillow Home Value Index

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    Zillow Home Value Index
    Mid-point of Zestimate valuations for 38116. Half the Zestimates are above this number and half are below it.
  • Median list price ($)

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    Median list price ($)
    Mid-point of the list price for homes listed on Zillow in 38116, or the asking price.
  • Median sale price ($)

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    Median sale price ($)
    Mid-point of the price homes have sold for in 38116. Half the homes sold above this number and half sold below.
  • Zillow Rent Index

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    Zillow Rent Index
    Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in 38116. Half the Rent Zestimates are above this number and half are below it.
  • Median rent list price ($)

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    Median rent list price ($)
    Mid-point of the rental price for homes listed for rent on Zillow in the 38116. Half the homes have rent prices above this number and half are below.
  • Total homes sold

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    Total homes sold
    Total number of homes sold in 38116 during the prior 30 days.
  • Median value per sq. ft. ($)

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    Median value per sq. ft. ($)
    Mid-point of the value of all homes in 38116, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
  • Median list price / sq. ft. ($)

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    Median list price / sq. ft. ($)
    Mid-point of 38116s list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
  • Median sale price / sq. ft. ($)

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    Median sale price / sq. ft. ($)
    Mid-point of 38116s sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
  • Rent estimate / sq. ft. ($)

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    Rent estimate / sq. ft. ($)
    Mid-point of the estimated monthly rent price of all homes in 38116, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
  • Median rent list price / sq. ft. ($)

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    Median rent list price / sq. ft. ($)
    Mid-point of 38116s rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
  • Median sale-to-list price ratio

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    Median sale-to-list price ratio
    Mid-point of the ratio between the sale price and the list price for all homes in 38116 (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
  • Listings with price cut (%)

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    Listings with price cut (%)
    The percentage of current listings on Zillow in 38116 whose price has been reduced in the last 30 days.
  • Median price cut (%)

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    Median price cut (%)
    Mid-point of the percentage of price reduction for homes in 38116 whose prices have been reduced in the past full month.
  • Sold for loss (%)

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    Sold for loss (%)
    The percentage of homes in 38116 that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
  • Sold for gain (%)

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    Sold for gain (%)
    The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
  • Homes foreclosed

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    Homes foreclosed
    Number of homes in 38116 that have been foreclosed but not yet resold to a private party. Expressed as a ratio (foreclosed homes per 10,000 total homes). It does not include homes for which the foreclosure process has started but not yet finished.
  • Foreclosure re-sales (%)

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    Foreclosure re-sales (%)
    The percentage of home sales in a given month in 38116 where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
  • Increasing values (%)

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    Increasing values (%)
    The percentage of homes in 38116 whose values have increased in the past year.
  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in 38116 whose value has fallen in the last year.
  • Sold in past year (%)

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    Sold in past year (%)
    The percentage of all homes in 38116 that were sold in the past 12 months.
  • $74,100
  • 3.8%Y-o-Y
  • Calculated 03/17/2014*
  • *Includes data and transactions through 02/28/2014
 
 
 
 
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This data is not available for 38116.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Feb 2014
74654
0.3%
0.4%
3.8%
74100
74383
74592
0.2%
0.5%
3.2%
140300
74639
74640
74641
0.0%
-0.3%
5.9%
208400
74642
0.2%
0.6%
3.1%
140100
74643
0.4%
1.3%
7.1%
45200
74644
-0.8%
-1.6%
0.0%
36800
74645
-0.5%
1.5%
11.4%
55900
74646
-1.1%
-2.4%
1.4%
37100
74647
0.2%
0.9%
0.4%
46500
74649
0.5%
1.6%
0.3%
58300
74650
0.0%
0.4%
3.9%
53700
74652
0.3%
0.8%
1.9%
37400
74653
-0.4%
0.4%
2.1%
73600
74655
0.4%
0.8%
5.7%
140100
74656
-0.5%
-0.9%
-0.4%
56300
74657
0.6%
1.5%
5.7%
151300
74658
0.6%
2.4%
10.1%
252600
74659
-0.2%
-2.1%
-0.6%
52100
74660
74661
0.3%
1.1%
1.9%
127400
74662
1.0%
4.0%
11.9%
51600
74664
0.3%
0.6%
2.6%
62800
74666
74667
74668
74669
-0.2%
0.1%
4.6%
115700
74670
0.2%
0.6%
3.7%
101200
74672
74677
0.0%
0.2%
-0.6%
82100
74686
74689
74690
74694
74695
74696
74697
74698
74699
74700
74704
74705
 
Mortgage Rates
 
Homes for Sale
  1. 4123 Cheryl Dr, Memphis, TN Home For Sale
    4123 Cheryl Dr, Memphis, TN 38116

     For Sale: $36,100

    • Beds: 3
    • Sqft: 1458
    • Baths: 1.0
    • Lot: 14810
  2. 0 Dianne Dr, Memphis, TN Home For Sale
    0 Dianne Dr, Memphis, TN 38116

     For Sale: $40,000

    • Beds: 0
    • Sqft: --
    • Baths: --
    • Lot: 424274
  3. 1445 Randall Dr, Memphis, TN Home For Sale
    1445 Randall Dr, Memphis, TN 38116

     For Sale: $64,900

    • Beds: 3
    • Sqft: 1234
    • Baths: 2.0
    • Lot: 10890