How long does it take to sell a home in 38105?

Homes in 38105 spend a median of 64 days on the market as of 2026-08-01. There are 21 homes for sale, with 4 new listings.

Are sellers cutting prices in 38105?

As of 2026-08-01, 18.2% of listings in 38105 have taken a price cut. That comes alongside a typical home value that is down 1.4% over the past year.

Market Intelligence · TN / Memphis

Memphis, TN 38105 Housing Market

The typical home value in Memphis, TN 38105 is $112,314, down 1.4% over the past year as of 2026-08-01. Homes are listed at a median of $219,900 and spend a median of 64 days on the market.

Updated August 2026Median value$112K

The median home value in Memphis, TN 38105 is $112K as of August 2026, down 1.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 38105 range

$103K to $121K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.4% over 12 months

Aug 2025$114K

Low $111KHigh $114K

Aug 2026$112K

The numbers

What is the 38105 housing market like?

As of August 2026

Typical home value

$112K

1.4%YoY

Median list price

$220K

13.6%MoM

Days on market

1.5%MoM

Homes for sale

10.5%MoM

Price cuts

18.2%

15.4%MoM

New listings

33.3%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 38105 home prices compare?

38105$112,314
Memphis$148,286
Tennessee$270,768
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Memphis: 25 ZIPs; Tennessee: 587 ZIPs; United States: 26,265 ZIPs).

Context

There are 21 homes for sale in 38105 as of 2026-08-01, with only 4 new listings entering the market. The median list price of $219,900 sits well above the typical home value of $112,314, which has fallen 1.4% over the past year. Sellers are waiting a median of 64 days for a buyer, and 18.2% of listings have taken a price cut. That gap between asking prices and typical values, combined with modest price declines, suggests buyers have room to negotiate. For a seller, realistic pricing from day one matters more than holding out for a higher number.

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