Market Intelligence · TN / Memphis

Memphis, TN 38134 Housing Market

The typical home value in Memphis 38134 is $228,915, up 0.9% over the past year. The median list price is $269,400, and homes are taking a median of 41 days on market.

Updated June 2026Median value$229K

The median home value in Memphis, TN 38134 is $229K as of June 2026, up 0.9% 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

$211K to $247K

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

+0.9% over 12 months

Typical home value in 38134 over the last 12 months: $227K in Jun 2025 to $229K in Jun 2026 (+0.9%).

Jun 2025$227K

Jun 2026$229K

The numbers

What is the 38134 housing market like?

Typical home value

$229K

Up0.9%YoY

Median list price

$269K

Days on market

41

Up26.2%MoM

Homes for sale

57

Price cuts

20.3%

New listings

30

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

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The comparison

How do 38134 home prices compare?

  • 38134$228,915
  • 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 1, 2026, there were 57 homes for sale in this part of Memphis, with 30 new listings added. The median list price sat at $269,400, while the typical home value was $228,915, up 0.9% over the past year. Homes took a median of 41 days on market, and 20.3% of listings had a price cut. That mix of steady values and a meaningful share of price cuts points to a market where realistic pricing matters if you plan to sell.

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