Home ValuePros

Market Intelligence · TN / Memphis

Memphis, TN 38107 Housing Market

The typical home value in Memphis, TN 38107 is $111,897, down 3.5% over the past year as of 2026-08-01. Homes are listed at a median price of $179,999 and spend a median of 72 days on the market.

Updated August 2026Median value$112K

The median home value in Memphis, TN 38107 is $112K as of August 2026, down 3.5% 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.

Get a cash offer

Sell without the wait

Sell your Memphis home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 38107 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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 38107 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Memphis, TN.

12-month value trend

-3.5% over 12 months

Typical home value in 38107 over the last 12 months: $116K in Aug 2025 to $112K in Aug 2026 (-3.5%).

Aug 2025$116K

Aug 2026$112K

The numbers

What is the 38107 housing market like?

Typical home value

$112K

Down3.5%YoY

Median list price

$180K

Up18.6%MoM

Days on market

72

Flat0.0%MoM

Homes for sale

101

Up4.1%MoM

Price cuts

22.9%

Down14.0%MoM

New listings

24

Down14.3%MoM

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

Free home value report

See what your 38107 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 38107 home prices compare?

  • 38107$111,897
  • 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

As of 2026-08-01, there are 101 homes for sale in the 38107 area of Memphis, with 24 new listings added. The median list price is $179,999, and the median days on market is 72. Meanwhile, 22.9% of listings have taken a price cut, and the typical home value sits at $111,897, down 3.5% over the past year. The gap between asking prices and actual values suggests sellers are testing higher numbers than the market supports. If you are selling, expect buyers to negotiate and plan for a longer timeline.

Monthly payment

Estimate your monthly payment.

20% · $22,379

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.