Start Free
All market snapshots / 38127

Memphis, TN 38127 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Memphis, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 128128PendingPending sales: 1010
Memphis, TN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $90k$90kSoldMedian sold price (last 6 months): $80k$80k
What homes actually sell for in Memphis, TN
Distribution of 358 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $65k to $112k
$30k to $53k: 40 sales$30k$53k to $76k: 108 sales108sales$76k to $99k: 84 sales$76k$99k to $122k: 30 sales$122k to $146k: 24 sales$122k$146k to $169k: 19 sales$169k to $192k: 16 sales$169k$192k to $215k: 3 salesMedian $80k

What the numbers say

As of September 14, 2026, Resideline is tracking 128 active listings and 10 pending sales in ZIP code 38127. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $90,000, while the median of the 358 closed sales Resideline tracked over the last six months was $80,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 38127 for 60 days.

Frequently asked questions

What is the median home price in 38127?

The median closed sale price in Memphis, TN 38127 was $80,000 over the last six months, based on 358 closed sales tracked by Resideline. The middle half of those sales ranged from $65,000 to $112,000.

Is 38127 a buyer's or seller's market?

Resideline is currently tracking 10 pending sales against 128 active listings in 38127, a pending-to-active ratio of 0.08. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 38127 currently looks like a balanced market.

Nearby ZIP code market data

Full Memphis, TN housing market report →
Run any 38127 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.