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Market Report for 38016

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How's the Market?

Showing market report for 38016

Market reports are generalized for the area. For detailed statistics or a custom analysis consult with your real estate associate or contact us.

Active Listing Statistics

In 38016, the average list price of a single-family home is $255,806. The average price per square foot is $116. There are currently 25 homes for sale with 70 new listings added in the last month.

Active Units by Property Type

ACTIVE UNITS BY PRICE RANGE

Comparing Month to Month

*** Recent Month Last Year % Change
New Listings 70 80 -12.5%
Avg. List Price $275,187 $252,213 9.11%
Avg. Price Sq/Ft $122 $103 18.45%
Avg. Days on Market 45 71 -36.62%

Recent Month of 08/01/21 - 08/31/21 to Last Year 08/01/20 - 08/31/20

Comparing Year to Year

*** Recent Month Last Year % Change
New Listings 807 772 4.53%
Avg. List Price $255,806 $229,979 11.23%
Avg. Price Sq/Ft $116 $99 17.17%
Avg. Days on Market 41 65 -36.92%

Recent Year of 09/11/20 - 09/10/21 to Last Year 09/11/19 - 09/10/20

Average Single Family Home Price by Bedrooms

# Bedrooms List Price Per Sq. Ft.
5+ $479,900 $143
4 $327,082 $124
3 $235,633 $129

Recent Month of 08/01/21 - 08/31/21 to Last Year 08/01/20 - 08/31/20

Explore More Areas

Most popular top 5 zip codes nearby

Active Listings

Based on total # of homes for sale

#
City, State, Zip
Explore Area
77
Collierville, TN, 38017
69
Olive Branch, MS, 38654
68
Memphis, TN, 38109
53
Arlington, TN, 38002
52
Memphis, TN, 38127
Sold Listings

Based on total # homes sold

#
City, State, Zip
Explore Area
1,409
Olive Branch, MS, 38654
1,128
Collierville, TN, 38017
879
Arlington, TN, 38002
843
Cordova, TN, 38016
731
Cordova, TN, 38018
Price

Based on highest avg. home price

Price
City, State, Zip
Explore Area
$1,135,541
Memphis, TN, 38120
$1,057,453
Eads, TN, 38028
$949,950
Lake Cormorant, MS, 38641
$864,673
Germantown, TN, 38139
$795,450
Memphis, TN, 38103

Sold Listing Statistics

In 38016 the average sales price of a single–family home is $261,336. This is a change of 16.32% from the previous year. The average price per square foot is $118. There were 838 homes sold in the last year. This is an increase of 10.12 % from the previous year.

Sold Listing Statistics

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Market reports on our site are generalized. For detailed statistics or a custom analysis consult with your real estate agent, send a request online or call Crye-Leike at 866-310-3102.