Market Intelligence · TN / Memphis

Memphis, TN 38107 Housing Market

A typical home in 38107 is worth $103,875, down 3.6% over the past year. The median list price sits at $174,994, with homes staying on the market a median of 72 days as of September 2026.

Updated September 2026Median value$104K

The median home value in Memphis, TN 38107 is $104K as of September 2026, down 3.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 38107 range

$96K to $112K

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

-3.6% over 12 months

Sep 2025$108K

Low $103KHigh $108K

Sep 2026$104K

The numbers

What is the 38107 housing market like?

As of September 2026

Typical home value

$104K

3.6%YoY

Median list price

$175K

2.8%MoM

Days on market

0.0%MoM

Homes for sale

102

1.0%MoM

Price cuts

31.4%

37.6%MoM

New listings

16.7%MoM

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

The outlook

38107 housing market forecast 2027

-1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 38107 to fall 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 38107 fell 3.6%, per the Zillow Home Value Index.

Will home prices drop in 38107?

Zillow's forecast says they may: it expects typical home values in 38107 to fall 1.0% by September 2027, after a 3.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 38107 home prices compare?

38107$103,875
Memphis$143,481
Tennessee$265,881
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Memphis: 25 ZIPs; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

Memphis 38107 has 102 homes for sale with 20 new listings added recently. Nearly one in three listings, specifically 31.4%, have seen price reductions. The median of 72 days on market reflects a slower pace of sales. Buyers have time to shop carefully in this market, and sellers should understand that conditions favor negotiation over bidding wars.

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Down payment20% · $20,775

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Common questions

What people ask us.

What is the typical home value in Memphis 38107?

The typical home value is $103,875 as of September 2026, representing a 3.6% decline over the past year.

How long do homes typically stay on the market in 38107?

Homes in this ZIP code stay on the market a median of 72 days before selling.

What is the median list price in Memphis 38107?

The median list price is $174,994 as of September 2026.

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