How many townhouses are for sale in 38115?

There are 1 townhouses for sale in 38115. More active townhouses usually means better selection and a little more time to compare before you offer.

What is the median list price of townhouses in 38115?

The median list price is $130,000. Median is a clearer "typical" price than average because extreme outliers—like a few luxury estates at the top or a few short sales/fixers at steep discounts—don't pull it up or down as much.

What is the average list price of townhouses in 38115?

The average list price is $132,545. Compare average vs. median to read the market's "tilt": when average is higher than median, upper-end townhouses are likely lifting the market; when average is lower than median, more lower-priced or discounted townhouses may be in the mix. A big gap in either direction usually means the current inventory is skewed.

What is the median price per square foot for townhouses in 38115?

Townhouses list at a median $89 per sq ft in 38115. Price-per-foot helps you compare value across neighborhoods and renovations; newer or recently updated townhouses often sit above the median.

How long do townhouses typically stay on the market in 38115?

The median days on market (DOM) is 55 days. Shorter DOM signals stronger demand—expect quicker tours and faster decisions when DOM is low; longer DOM often means you can compare more and negotiate.

What is the housing months of supply for townhouses in 38115?

Months of supply (MOS) is 13.0. MOS estimates how long it would take to sell all current listings at the recent sales pace if no new townhouses were listed. As a rule of thumb, 3–6 MOS is balanced; below 3 tends to favor sellers (move fast, expect competition), while above 6 can give buyers more leverage and time.

How many townhouses sold in the last 12 months in 38115?

22 townhouses sold over the last 12 months. Viewed together with MOS, this gives you a clear read on demand versus supply and helps your ez Home Search partner agent guide you to the best options and strategy.

How many new townhouse listings came on the market in the last 7 and 30 days in 38115?

1 new listings in the past 7 days and 4 in the past 30 days. Frequent new listings mean fresh choices appear often; slower weeks suggest acting quickly when the right townhouse appears.

How many townhouse listings had a price reduction in the last 30 days in 38115?

0 listings reduced price in the last 30 days. Price cuts can signal sellers aligning to demand—use them to spot improving values or timing for offers.

What is the median townhouse size for townhouses for sale in 38115?

The median interior size is 1,452 sq ft. This tells you the "typical" amount of living space you'll see at common price points, which helps you set expectations for rooms and layout before touring.

What is the median lot size for townhouses for sale in 38115?

The median lot size is 0.06 acres. Closer-in neighborhoods usually have smaller lots; farther out you'll often find more land—compare lot size alongside price-per-foot to balance yard space and interior space.

How many one-story vs. two-story townhouses are for sale in 38115?

About 62% one-story, 38% two-story, and 0% three-plus-story townhouses are active. Single-story townhouses are often in tighter supply and attract buyers who want fewer stairs, which can lead to quicker sales and firmer pricing when demand is strong.

What is the median year built for townhouses for sale in 38115?

The median year built among active townhouses is 1984. Newer townhouses typically offer modern systems and energy efficiency; older townhouses may offer larger lots and classic details, though some may need updates—factor both into your budget and timeline.

Which neighborhoods currently have the most townhouses for sale in 38115?

You'll find the most active townhouses for sale in the ALDENS GATE, BISHOPS GATE PD AREA 2, CAMBRIDGE STATION, Cambridge Station, DEER CREEK SEC A communities. Starting your search there usually gives you more options in a single tour.

What is the typical monthly HOA for townhouses for sale in 38115?

The median HOA is $167 per month (where applicable). HOA dues affect your monthly affordability and loan qualification—use our mortgage calculator to see the full picture.

How much do you need to make to afford a townhouse in 38115?

The median townhouse price in 38115 is $130,000. With a 20% down payment ($26,000) and a 30-year fixed at 7.0%, the estimated principal-and-interest (P&I) payment is $691/month (plus property taxes, homeowners insurance, HOA dues, PMI if required, and utilities). Based on the 28/36 guideline for housing costs—where total housing expenses should be about 28% to 36% of your gross income—you'd want a household income of roughly $29,653 to $23,063 per year. Use our pre-approval form to know exactly what you qualify for and to be able to make a stronger offer.

How are the schools near townhouses for sale in 38115?

Many townhouses in 38115 are served by well-rated public and private schools; check each listing's school panel for boundary notes and current ratings, then compare nearby options as you narrow neighborhoods.

Tennessee Real Estate and Property Listings for Sale

Open Houses Townhouses For Sale In

38115

Name: 3798 Fern Ridge Rd, Memphis, TN 38115 - Townhouse - Open House
Start: 2026-11-06T09:00:00-06:00
End: 2026-11-06T19:00:00-06:00
Location: 3798 Fern Ridge Rd, Memphis, TN 38115

Discover your ideal townhouses in 38115 with ez Home Search. We offer 1 carefully selected listings to match your unique lifestyle and preferences. Immerse yourself in detailed property information, stunning high-resolution images, and interactive 3D virtual tours that bring each home to life. Our comprehensive tools, including personalized property value estimates, mortgage calculators, and refinance assessments, empower you to make informed decisions whether you're seeking a new home or investment opportunity. Create your free account today to unlock exclusive features and stay ahead with instant updates on new listings that match your criteria. Explore all real estate and properties for sale in 38115.

1 Available Listings