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ZIP 38107 in Memphis, TN: housing market trends

The median home sale price in ZIP 38107 in Memphis, TN was $131,961 for the three-month period ending September 2026. Sale prices were 34.8% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$131,961
three-month period ending September 2026
Median sale price per sq ft
$85.62
three-month period ending September 2026
Active listings
171
three-month period ending September 2026
Typical monthly rent
$1,151
Rent index · August 2026

How is housing inventory changing?

There were 171 active listings for the three-month period ending September 2026. Active listings were 4.9% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 76 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 38107 in Memphis, TN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$131,961$85.6247
Single-familySeptember 2026$131,967$97.9642
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026UnavailableUnavailableUnavailable
Multifamily (2–4 units)September 2026$123,450$78.705 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 38107 in Memphis, TN
MarketMedian sale priceReporting period / source
Memphis, TN$148,000Month ending July 2026 · Zillow
Bartlett, TN$312,500Month ending July 2026 · Zillow
Millington, TN$289,8523 months ending September 2026 · Redfin
Cordova, TN$289,000Month ending July 2026 · Zillow
Germantown, TN$475,000Month ending July 2026 · Zillow
Lakeland, TN$549,6383 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 38107 in Memphis, TN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$131,961$85.62171
August 2026$122,500$83.82173
July 2026$157,500$110.29179
June 2026$157,500$113.72165
May 2026$180,000$134.42164
April 2026$189,900$132.45177
March 2026$210,000$134.53166
February 2026$207,500$123.21151
January 2026$207,500$132.52156
December 2025$185,000$121.43151
November 2025$180,250$123.66153
October 2025$180,500$127.49169
September 2025$202,500$136.39163
August 2025$166,250$125.57161
July 2025$170,000$100.05164
June 2025$135,000$91.98162
May 2025$157,500$87.53170
April 2025$155,000$85.43159
March 2025$160,000$90.28158
February 2025$102,000$72.22154
January 2025$102,000$72.22179
December 2024$102,000$72.22184
November 2024$178,000$107.43191
October 2024$152,500$108.93205

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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