Name: Off-Market Within 2 Weeks — ZIP 38117 Condo/Co-op, March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

What share of homes in Memphis (38117) went off-market within 2 weeks?

Accepted Answer

In ZIP 38117, 26.7% of Condo/Co-op homes went under contract within two weeks of listing for the 90-day period ending 2026-03-31, based on Redfin closed sale data.

Question 2

What does the off-market-within-2-weeks rate in 38117 mean for sellers?

Accepted Answer

An off-market-within-2-weeks rate of 26.7% means that share of Condo/Co-op homes in ZIP 38117 went under contract within 14 days of hitting the market, based on closed transactions in the 90-day period ending 2026-03-31. A higher rate signals a faster-moving market where homes are being absorbed quickly. A lower rate means most homes take longer to find a buyer.

Question 3

How is the off-market-within-2-weeks rate in 38117 calculated?

Accepted Answer

The off-market-within-2-weeks rate for ZIP 38117 counts the share of closed Condo/Co-op sale transactions where the home went under contract within 14 days of its list date, over the 90-day period ending 2026-03-31. It is derived from closed transaction data recorded by Redfin — not from active listings or estimates.

Question 4

Is the off-market-within-2-weeks rate in 38117 higher or lower than last year?

Accepted Answer

The share of Condo/Co-op homes in ZIP 38117 going under contract within two weeks is down 6.7 percentage points compared to the same 90-day period one year ago, as of March 31, 2026. A rising rate means more homes are being absorbed quickly; a falling rate means buyers are taking longer to commit.

Question 5

How many homes does the off-market-within-2-weeks rate in 38117 represent?

Accepted Answer

The off-market-within-2-weeks rate of 26.7% is derived from 13 closed Condo/Co-op transactions in ZIP 38117 for the 90-day period ending 2026-03-31. Approximately 3 of those 13 homes went under contract within two weeks of listing. Data source: Redfin.

Question 6

How does the off-market-within-2-weeks rate in 38117 relate to pending sales?

Accepted Answer

In ZIP 38117, there were 15 pending Condo/Co-op sales as of the 90-day period ending 2026-03-31. Of the homes that eventually closed, 26.7% went under contract within two weeks of listing. Pending sales reflect current demand; the off-market-within-2-weeks rate reflects how quickly that demand was converting during the data period.

26.7% of homes in 38117 went under contract within 2 weeks.