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All market snapshots / 38127

Memphis, TN 38127 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Memphis, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 103103PendingPending sales: 1111
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): $100k$100kSoldMedian sold price (last 6 months): $77k$77k
What homes actually sell for in Memphis, TN
Distribution of 351 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $65k to $111k
$30k to $54k: 40 sales$30k$54k to $77k: 111 sales111sales$77k to $100k: 87 sales$77k$100k to $124k: 23 sales$124k to $148k: 21 sales$124k$148k to $171k: 18 sales$171k to $194k: 11 sales$171k$194k to $218k: 5 salesMedian $77k

What the numbers say

As of October 5, 2026, Resideline is tracking 103 active listings and 11 pending sales in ZIP code 38127. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $100,000, while the median of the 351 closed sales Resideline tracked over the last six months was $77,000. 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 79 days.

Frequently asked questions

What is the median home price in 38127?

The median closed sale price in Memphis, TN 38127 was $77,000 over the last six months, based on 351 closed sales tracked by Resideline. The middle half of those sales ranged from $65,000 to $111,100.

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

Resideline is currently tracking 11 pending sales against 103 active listings in 38127, a pending-to-active ratio of 0.11. 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 →

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