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Median sale price
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ZIP 38114 in Memphis, TN: housing market trends

The median home sale price in ZIP 38114 in Memphis, TN was $102,320 for the three-month period ending September 2026. Sale prices were 22.8% higher 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
$102,320
three-month period ending September 2026
Median sale price per sq ft
$86.62
three-month period ending September 2026
Active listings
190
three-month period ending September 2026
Typical monthly rent
$894
Rent index · August 2026

How is housing inventory changing?

There were 190 active listings for the three-month period ending September 2026. Active listings were 1.0% lower 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 25 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 38114 in Memphis, TN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$102,320$86.6233
Single-familySeptember 2026$97,475$83.9128
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026UnavailableUnavailableUnavailable
Multifamily (2–4 units)September 2026$184,900$108.575 · 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 38114 in Memphis, TN
MarketMedian sale priceReporting period / source
Memphis, TN$148,000Month ending July 2026 · Zillow
Germantown, TN$475,000Month ending July 2026 · Zillow
Bartlett, TN$312,500Month ending July 2026 · Zillow
Cordova, TN$289,000Month ending July 2026 · Zillow
Collierville, TN$499,000Month ending July 2026 · Zillow
Millington, TN$289,8523 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 38114 in Memphis, TN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$102,320$86.62190
August 2026$104,000$104.89187
July 2026$104,000$89.93190
June 2026$104,000$72.98189
May 2026$155,500$83.02184
April 2026$150,000$79.12177
March 2026$144,500$85.85170
February 2026$133,075$92.03169
January 2026$138,000$118.92162
December 2025$112,500$98.88166
November 2025$88,000$73.48174
October 2025$87,500$70.00186
September 2025$83,325$62.50192
August 2025$78,325$58.66194
July 2025$75,750$66.06183
June 2025$86,000$75.76182
May 2025$85,000$68.72163
April 2025$85,000$67.76164
March 2025$87,667$63.78157
February 2025$104,000$71.70160
January 2025$85,000$65.89170
December 2024$85,000$73.44174
November 2024$81,000$60.71186
October 2024$73,110$67.50171

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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