Market Intelligence · TN / Memphis

Memphis, TN 38119 Housing Market

The typical home in Memphis 38119 is worth $297,309, down 1.6% over the past year. The median list price is $320,750, and homes are taking a median of 44 days on market.

Updated June 2026Median value$297K

The median home value in Memphis, TN 38119 is $297K as of June 2026, down 1.6% 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 38119 range

$274K to $321K

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 38119 market stats. Unsubscribe anytime.

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

12-month value trend

-1.6% over 12 months

Typical home value in 38119 over the last 12 months: $302K in Jun 2025 to $297K in Jun 2026 (-1.6%).

Jun 2025$302K

Jun 2026$297K

The numbers

What is the 38119 housing market like?

Typical home value

$297K

Down1.6%YoY

Median list price

$321K

Days on market

44

Down42.9%MoM

Homes for sale

97

Price cuts

49.1%

New listings

30

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

Free home value report

See what your 38119 home is worth.

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

The comparison

How do 38119 home prices compare?

  • 38119$297,309
  • 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 97 homes for sale in the 38119 ZIP code, with 30 new listings added recently. The median list price sits at $320,750, while the typical home value is $297,309, down 1.6% over the past year. Homes are spending a median of 44 days on market, and 49.1% of listings have had a price cut. For sellers, this points to a slower market where realistic pricing matters more than ever.

Monthly payment

Estimate your monthly payment.

20% · $59,462

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.