While we strive for accuracy, the availability of foreclosure properties listed on our site is not guaranteed due to ever-changing market conditions. We invite you to explore other categories, including pre-foreclosures, offering valuable real estate investment opportunities.
Start by searching for available pre-foreclosure properties in your area. These properties aren't usually listed for sale, which means there's less competition from other buyers. Additionally, pre-foreclosures are often sold below market rate, making them great real estate deals. Don't miss out on this opportunity to get a great deal on a foreclosed property
Frayser, located in North Memphis, is known for its affordable housing and strong sense of community. The neighborhood offers a variety of single-family homes, many of which are available at lower prices due to foreclosure. Frayser is experiencing community-driven revitalization efforts, making it a promising area for investment with potential for property value appreciation.
Raleigh, also in North Memphis, features a mix of residential and commercial areas. This neighborhood has a range of housing options, from older homes to newer developments. Foreclosures in Raleigh provide opportunities for buyers looking to invest in a diverse community with ongoing development projects aimed at improving the areas infrastructure and amenities.
Whitehaven, located near the Tennessee-Mississippi border, is best known as the home of Graceland. The neighborhood offers a suburban feel with a variety of housing styles. Foreclosure properties in Whitehaven can be particularly appealing due to the areas historic significance and the ongoing commercial development that enhances its appeal as a residential area.
South Memphis includes neighborhoods such as Soulsville and South Parkway, which are rich in cultural history. This area is undergoing various revitalization projects, making it a prime location for finding foreclosed properties. Buyers can find historic homes and properties in need of renovation, offering great potential for investment in a community with a deep cultural heritage.
Berclair, located in Northeast Memphis, is known for its affordable housing market and convenient access to the citys main thoroughfares. The neighborhood features a mix of single-family homes and smaller multi-family units. Foreclosures in Berclair provide excellent opportunities for first-time homebuyers and investors looking for reasonably priced properties in a stable, family-friendly community.
These neighborhoods in Memphis offer diverse options for those looking to invest in foreclosure properties. Each area has its unique characteristics and potential for growth, making them attractive choices for real estate investors and homebuyers.
Median Home Price (12 Mo): $183,000
Median Single-Family Price: $194,000
Median Condo Price: $160,000
Median 2-Bedroom Price: $145,000
Median 1-Bedroom Price: $110,000
Average Price Per Sq Ft: $123
Number of Homes for Sale: 2,547
Home Sales in the Last 12 Months: Approximately 2,300 units sold
Months of Supply: 4.2 months
Median List Price: $194,000
Median Discount from 1st List Price: 2.48% below asking price
Median Home Sale Price YoY Change: -2.5%
Percentage Rate of Foreclosure: Approximately 0.4%
Foreclosure Data:
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