38157
Memphis, Tennessee
Memphis 38157 needs watching.
The 38157 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 37 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38157.
ZIP code 38157 in Memphis maintains a $550,000 median sale price with zero year-over-year appreciation, indicating complete price stagnation in this premium segment. The absence of any homes selling above list price reveals systematic buyer resistance at current valuations. Without available days-on-market data, transaction velocity remains unclear, though the 0% above-ask rate suggests inventory is not moving with urgency that would characterize balanced demand.
These conditions favor disciplined buyers with extended negotiation timelines who can exploit the complete absence of competitive bidding pressure. Sellers facing non-discretionary timelines should prepare for prolonged marketing periods and potential concessions, as the data shows zero pricing power. Investment buyers seeking immediate appreciation should avoid this ZIP entirely, though cash-flow focused landlords may find motivated sellers willing to accept below-ask offers given the flat price environment.
The PropIQ score of 37 signals meaningful downside risk ahead, placing this market in cautionary territory where further price compression appears more probable than recovery. Monitoring listing inventory growth and any emergence of price reductions will be critical, as the current stagnation could accelerate into decline if employment or mortgage rate conditions deteriorate. The zero-appreciation trend combined with the low intelligence score suggests this ZIP lacks the fundamental demand drivers necessary for near-term price support.
What is the median home price in 38157 Memphis?
The median sale price in 38157 is $550K, down N/A year-over-year as of 2025-12-31.
How long do homes stay on the market in Memphis 38157?
Homes in 38157 Memphis spend an average of N/A days on market before going under contract.
Is Memphis 38157 a good place to invest in real estate?
Folio's PropIQ™ score for 38157 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 38157?
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 37 = Caution in 38157 Memphis, Tennessee.