Market Intelligence · TN / Memphis

Memphis, TN 38133 Housing Market

The typical home in Memphis 38133 is worth $277,794, down 0.2% over the past year. The median list price is $319,811, and homes are taking a median of 48 days on market. This is a fairly steady, slightly soft market.

Updated June 2026Median value$278K

The median home value in Memphis, TN 38133 is $278K as of June 2026, down 0.2% 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 38133 range

$256K to $300K

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 38133 market stats. Unsubscribe anytime.

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

12-month value trend

-0.2% over 12 months

Typical home value in 38133 over the last 12 months: $278K in Jun 2025 to $278K in Jun 2026 (-0.2%).

Jun 2025$278K

Jun 2026$278K

The numbers

What is the 38133 housing market like?

Typical home value

$278K

Down0.2%YoY

Median list price

$320K

Days on market

48

Up255.6%MoM

Homes for sale

64

Price cuts

31.9%

New listings

32

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

Free home value report

See what your 38133 home is worth.

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

The comparison

How do 38133 home prices compare?

  • 38133$277,794
  • 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 64 homes for sale in the 38133 ZIP code, with 32 new listings added recently. The median list price sits at $319,811, while the typical home value is $277,794, down 0.2% over the past year. Homes are taking a median of 48 days to sell, and 31.9% of listings have had a price cut. For a seller, this means buyers have some room to negotiate, so realistic pricing from the start matters.

Monthly payment

Estimate your monthly payment.

20% · $55,559

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.