Updated May 2026 · Redfin · 3-month window
38104 Real Estate Market Update: Memphis, TN, May 2026
The latest housing-market numbers for ZIP code 38104 in Memphis, Tennessee, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $282K | ▲ +0.5% | ▼ -18.3% |
| Days on market | 46 | ▼ -24.6% | ▼ -2.1% |
| Homes for sale | 173 | ▼ -1.1% | ▲ +4.8% |
| Sale-to-list | 98.0% | ▲ +1.3% | ▲ +0.4% |
| Homes sold | 70 | ▲ +25.0% | ▲ +27.3% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 38104 numbers say
The 38104 ZIP in Memphis is cooling. The median sale price sits at $282,000, 18.3% below last year. Pace is steady: a typical listing goes under contract in about 46 days, with sellers getting 98.0% of list price.
Based on 70 recent sales, 38104 is currently an active market.
What this means if you sell in 38104
Use these figures to set expectations early. Lead a listing appointment with the median price and the 46-day pace, show the year-over-year direction, and frame 38104 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Memphis post →Frequently asked: the 38104 housing market
- What is the median home price in ZIP 38104 (Memphis, TN)?
- As of May 2026, the median sale price in ZIP 38104 is $282,000 (-18.3% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 38104 a buyer's or seller's market right now?
- ZIP 38104 is currently an active market, based on a 98.0% sale-to-list ratio, about 46 days on market for May 2026.
- How long do homes take to sell in ZIP 38104?
- A typical listing in 38104 goes under contract in about 46 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 38104 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.