38137
Memphis, Tennessee
Memphis 38137 needs watching.
The 38137 ZIP code in Memphis, Tennessee has a median sale price of $550K, down N/A year-over-year. Homes spend an average of N/A days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38137.
ZIP code 38137 in Memphis shows a stabilized luxury market with a median sale price of $550,000 and flat year-over-year price appreciation. The absence of homes selling above list price indicates equilibrium between supply and demand, with sellers no longer commanding premiums in this segment. Without available days-on-market data, transaction velocity remains unclear, though the zero percent above-ask metric suggests properties require proper pricing discipline to close.
This environment favors patient buyers with strong financing who can negotiate from list price or below, particularly those seeking move-in ready properties in Memphis's higher price tiers. Sellers face headwinds and must price accurately from initial listing to avoid extended market time. Investors pursuing appreciation plays should exercise caution given the flat price trajectory, though cash-flow buyers may find negotiating leverage if rental fundamentals support the $550,000 basis.
The PropIQ score of 55 signals caution rather than opportunity, suggesting the market lacks momentum for near-term appreciation. Buyers should monitor whether the zero percent above-ask metric persists or deteriorates into broader price reductions, which would indicate softening demand. Sellers considering listing should watch inventory accumulation closely, as the current flat pricing could shift to negative territory if distressed supply enters this price point.
What is the median home price in 38137 Memphis?
The median sale price in 38137 is $550K, down N/A year-over-year as of 2025-12-31.
How long do homes stay on the market in Memphis 38137?
Homes in 38137 Memphis spend an average of N/A days on market before going under contract.
Is Memphis 38137 a good place to invest in real estate?
Folio's PropIQ™ score for 38137 is 55/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 38137?
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 55 = Caution in 38137 Memphis, Tennessee.