Market Intelligence · TN / Memphis

Memphis, TN 38141 Housing Market

The typical home value in Memphis, TN 38141 is $188,113, down 0.4% over the past year. The median list price stands at $203,750, with homes staying on the market for a median of 54 days.

Updated September 2026Median value$188K

The median home value in Memphis, TN 38141 is $188K as of September 2026, down 0.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 38141 range

$173K to $203K

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

-0.4% over 12 months

Sep 2025$189K

Low $188KHigh $191K

Sep 2026$188K

The numbers

What is the 38141 housing market like?

As of September 2026

Typical home value

$188K

0.4%YoY

Median list price

$204K

2.3%MoM

Days on market

6.9%MoM

Homes for sale

3.6%MoM

Price cuts

19.8%

29.3%MoM

New listings

100.0%MoM

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

The outlook

38141 housing market forecast 2027

-0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 38141 to stay roughly flat by September 2027 (down 0.2%).

Over the 12 months through September 2026, typical home values in 38141 fell 0.4%, per the Zillow Home Value Index.

Will home prices drop in 38141?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 38141 to stay roughly flat by September 2027 (down 0.2%), after a 0.4% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 38141 home prices compare?

38141$188,113
Memphis$143,481
Tennessee$265,881
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Memphis: 25 ZIPs; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 27 homes for sale in this ZIP with 16 new listings added recently. The median days on market of 54 suggests a market where homes are taking time to sell. Price cuts appear on 19.8% of listings, indicating some sellers are adjusting expectations. The slight decline in typical home value over the past year reflects a slower market. For a seller considering their options, this is a market that rewards realistic pricing and patience.

Monthly payment

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Home price

Down payment20% · $37,623

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Common questions

What people ask us.

What is the typical home value in 38141?

The typical home value is $188,113, which has declined 0.4% over the past year as of September 2026.

How long do homes stay on the market in 38141?

The median days on market is 54 as of September 2026.

What is the median list price in 38141?

The median list price is $203,750 as of September 2026.

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Nearby ZIP markets.

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