Market Intelligence · TN / Memphis

Memphis, TN 38141 Housing Market

The typical home in Memphis, TN 38141 is worth $191,459, down 0.6% over the past year. The median list price is $208,500, and homes are taking a median of 58 days on market. There are 28 homes for sale as of 2026-08-01.

Updated August 2026Median value$191K

The median home value in Memphis, TN 38141 is $191K as of August 2026, down 0.6% 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.

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Typical 38141 range

$176K to $207K

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

-0.6% over 12 months

Typical home value in 38141 over the last 12 months: $193K in Aug 2025 to $191K in Aug 2026 (-0.6%).

Aug 2025$193K

Aug 2026$191K

The numbers

What is the 38141 housing market like?

Typical home value

$191K

Down0.6%YoY

Median list price

$209K

Up7.0%MoM

Days on market

58

Up23.4%MoM

Homes for sale

28

Down15.2%MoM

Price cuts

28.1%

Up165.8%MoM

New listings

8

Down63.6%MoM

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

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The comparison

How do 38141 home prices compare?

  • 38141$191,459
  • 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

Sellers in 38141 are listing at a median of $208,500, above the typical home value of $191,459. That gap, combined with a median of 58 days on market, suggests buyers are not rushing to meet asking prices. About 28.1% of listings have taken a price cut, which is a notable share given only 28 homes are on the market. New supply is modest too, with 8 new listings as of 2026-08-01. For a seller, the honest read is that pricing close to what the data supports matters more than testing the high end.

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