Market Intelligence · TN / Memphis

Memphis, TN 38134 Housing Market

The typical home value in Memphis, TN 38134 is $226,669, up 1.0% over the past year as of 2026-08-01. Sellers are listing at a median list price of $269,000, and homes are spending a median of 61 days on market.

Updated August 2026Median value$227K

The median home value in Memphis, TN 38134 is $227K as of August 2026, up 1.0% 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 38134 range

$209K to $245K

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

+1.0% over 12 months

Typical home value in 38134 over the last 12 months: $224K in Aug 2025 to $227K in Aug 2026 (+1.0%).

Aug 2025$224K

Aug 2026$227K

The numbers

What is the 38134 housing market like?

Typical home value

$227K

Up1.0%YoY

Median list price

$269K

Up0.4%MoM

Days on market

61

Up5.2%MoM

Homes for sale

57

Flat0.0%MoM

Price cuts

20.0%

Down4.1%MoM

New listings

24

Down20.0%MoM

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

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The comparison

How do 38134 home prices compare?

  • 38134$226,669
  • 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

As of 2026-08-01, there are 57 homes for sale in 38134, with 24 new listings coming on the market. The median list price is $269,000, while the typical home value sits at $226,669. That value has risen 1.0% over the past year, a modest gain rather than a surge. Homes are taking a median of 61 days to sell, and 20.0% of listings have had a price cut. For a seller, the read is simple: buyers are active but selective, and pricing close to what the market supports matters more than testing high.

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