38036
Memphis, Tennessee
Memphis 38036 is accelerating.
The 38036 ZIP code in Memphis, Tennessee has a median sale price of $206K, down N/A year-over-year. Homes spend an average of 2 days on market, with 100% of homes selling above list price.
Folio's PropIQ™ score of 97 signals Strong Buy conditions. Strong momentum and fast absorption suggest continued appreciation in Memphis.
ZIP code 38036 displays extreme competitive intensity despite flat pricing at a $206,000 median. Properties spend an average of just two days on market, and 100% of homes sold exceed their list price, indicating sustained bidding pressure that has not yet translated into measurable appreciation. This disconnect between demand signals and pricing suggests either recent market normalization or substantial listing inventory absorption that prevents price escalation while maintaining transaction velocity.
Sellers command maximum leverage in this environment, with universal above-ask sales and sub-week market exposure virtually guaranteeing rapid exits at premium terms. Patient buyers with financing pre-approval and flexible closing timelines can potentially capitalize on the flat year-over-year pricing before competitive dynamics force appreciation. Investors seeking cash-flowing assets face significant acquisition challenges given the two-day DOM, requiring immediate decision-making capabilities and waived contingencies to secure properties.
The PropIQ score of 97 signals imminent price appreciation as current demand intensity becomes unsustainable at flat valuations. Monitoring week-over-week median price movement and list-to-sale ratios will provide early confirmation of the anticipated upward pricing pressure. If days on market remain below five while inventory stays constrained, expect double-digit annualized appreciation within the next two quarters as buyer competition exhausts available supply.
What is the median home price in 38036 Memphis?
The median sale price in 38036 is $206K, down N/A year-over-year as of 2026-02-28.
How long do homes stay on the market in Memphis 38036?
Homes in 38036 Memphis spend an average of 2 days on market before going under contract.
Is Memphis 38036 a good place to invest in real estate?
Folio's PropIQ™ score for 38036 is 97/100 — a Strong Buy signal. 100% of homes sold above asking.
What does a PropIQ™ score of 97 mean for 38036?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 97 = Strong Buy in 38036 Memphis, Tennessee.