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Memphis, TN 38135 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: 0.12
ActiveActive listings: 3434PendingPending sales: 44
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): $330k$330kSoldMedian sold price (last 6 months): $300k$300k
What homes actually sell for in Memphis, TN
Distribution of 238 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $242k to $369k
$150k to $188k: 13 sales$150k$188k to $225k: 22 sales$225k to $262k: 30 sales$225k$262k to $300k: 41 sales41sales$300k to $338k: 39 sales$300k$338k to $375k: 26 sales$375k to $412k: 21 sales$375k$412k to $450k: 22 salesMedian $300k

What the numbers say

As of October 5, 2026, Resideline is tracking 34 active listings and 4 pending sales in ZIP code 38135. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $330,400, while the median of the 238 closed sales Resideline tracked over the last six months was $300,000. 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 38135 for 65 days.

Frequently asked questions

What is the median home price in 38135?

The median closed sale price in Memphis, TN 38135 was $300,000 over the last six months, based on 238 closed sales tracked by Resideline. The middle half of those sales ranged from $242,500 to $368,900.

Is 38135 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 34 active listings in 38135, a pending-to-active ratio of 0.12. 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, 38135 currently looks like a balanced market.

Nearby ZIP code market data

Full Memphis, TN housing market report →

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