Market Intelligence · TN / Memphis

Memphis, TN 38114 Housing Market

The typical home value in Memphis 38114 is $74,551, down 8.5% over the past year. The median list price is $135,225, and homes are taking a median of 66 days on market.

Updated June 2026Median value$75K

The median home value in Memphis, TN 38114 is $75K as of June 2026, down 8.5% 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.

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Typical 38114 range

$69K to $81K

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

-8.5% over 12 months

Typical home value in 38114 over the last 12 months: $82K in Jun 2025 to $75K in Jun 2026 (-8.5%).

Jun 2025$82K

Jun 2026$75K

The numbers

What is the 38114 housing market like?

Typical home value

$75K

Down8.5%YoY

Median list price

$135K

Days on market

66

Up16.8%MoM

Homes for sale

97

Price cuts

25.4%

New listings

18

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

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The comparison

How do 38114 home prices compare?

  • 38114$74,551
  • 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

There are 97 homes for sale in 38114 as of June 2026, with 18 new listings added recently. The median list price sits at $135,225, while the typical home value is $74,551, down 8.5% over the past year. Homes take a median of 66 days on market, and 25.4% of listings have had a price cut. For a seller, this is a slower market, so pricing carefully and preparing for a longer timeline matters.

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