Market Intelligence · TN / Memphis

Memphis, TN 38107 Housing Market

The typical home value in Memphis 38107 is $113,109, down 5.3% over the past year. The median list price sits at $157,450, and homes are taking a median of 76 days on market to sell.

Updated June 2026Median value$113K

The median home value in Memphis, TN 38107 is $113K as of June 2026, down 5.3% 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 38107 range

$104K to $122K

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

-5.3% over 12 months

Typical home value in 38107 over the last 12 months: $119K in Jun 2025 to $113K in Jun 2026 (-5.3%).

Jun 2025$119K

Jun 2026$113K

The numbers

What is the 38107 housing market like?

Typical home value

$113K

Down5.3%YoY

Median list price

$157K

Days on market

76

Up12.6%MoM

Homes for sale

93

Price cuts

23.9%

New listings

26

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

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The comparison

How do 38107 home prices compare?

  • 38107$113,109
  • 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 1, 2026, there were 93 homes for sale in the 38107 ZIP code, with 26 new listings added. The median list price was $157,450, while the typical home value stood at $113,109, down 5.3% over the past year. Homes are moving slowly, with a median of 76 days on market. About 23.9% of listings had a price cut. For sellers, this is a softer market, so pricing carefully and preparing for a longer timeline matters.

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