Home ValuePros

Market Intelligence · TN / Memphis

Memphis, TN 38133 Housing Market

In Memphis, TN 38133, the typical home value is $273,316, down 0.3% over the past year as of 2026-08-01. Sellers were listing at a median of $314,975, and homes spent a median of 54 days on market.

Updated August 2026Median value$273K

The median home value in Memphis, TN 38133 is $273K as of August 2026, down 0.3% 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 38133 range

$251K to $295K

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

-0.3% over 12 months

Typical home value in 38133 over the last 12 months: $274K in Aug 2025 to $273K in Aug 2026 (-0.3%).

Aug 2025$274K

Aug 2026$273K

The numbers

What is the 38133 housing market like?

Typical home value

$273K

Down0.3%YoY

Median list price

$315K

Down3.8%MoM

Days on market

54

Down14.3%MoM

Homes for sale

71

Up2.9%MoM

Price cuts

34.3%

Up5.6%MoM

New listings

20

Down50.0%MoM

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

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The comparison

How do 38133 home prices compare?

  • 38133$273,316
  • 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

The market had 71 homes for sale as of 2026-08-01, with 20 new listings entering the same snapshot. That is a measured pace, not a surge, and buyers have some room to compare. A 34.3% share of listings with a price cut shows many owners started higher than the market would pay. With values slipping 0.3% over the past year and a median 54 days on market, pricing needs to match recent local results. The practical read is simple: realistic pricing matters more than testing the top.

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20% · $54,663

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