Market Intelligence · TN / Memphis

Memphis, TN 38105 Housing Market

The typical home value in Memphis 38105 is $114,070, down 6.1% over the past year. The median list price is $184,900, and homes take a median of 44 days to sell.

Updated June 2026Median value$114K

The median home value in Memphis, TN 38105 is $114K as of June 2026, down 6.1% 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

$105K to $123K

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

-6.1% over 12 months

Typical home value in 38105 over the last 12 months: $121K in Jun 2025 to $114K in Jun 2026 (-6.1%).

Jun 2025$121K

Jun 2026$114K

The numbers

What is the 38105 housing market like?

Typical home value

$114K

Down6.1%YoY

Median list price

$185K

Days on market

44

Down4.3%MoM

Homes for sale

18

Price cuts

5.9%

New listings

4

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 38105 home prices compare?

  • 38105$114,070
  • Memphis$148,486
  • Tennessee$273,929
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Memphis: 25 ZIPs; Tennessee: 587 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there are 18 homes for sale in the 38105 ZIP code, with 4 new listings added recently. The median list price sits at $184,900, while the typical home value is $114,070, down 6.1% over the past year. Homes are taking a median of 44 days on market, and 5.9% of listings have had a price cut. For sellers, this is a softening market, so realistic pricing and patience matter.

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