The story of this market
The typical home in ZIP 38119 sells for about $297,450, or $129 per square foot.
Prices are down 4% from a year ago, which gives buyers more room to negotiate. Homes take about 74 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,401 a month.
ZIP 38119 — Memphis
The 38119 housing market is experiencing a cooling phase with median sale prices declining 4% year-over-year to $297,450. Market activity has slowed significantly, evidenced by a 28.4% drop in closed sales and an increase in the median days on market to 74 days. These trends reflect a broader softening in the Memphis area real estate environment.
Median prices moved down 4.0% year over year.
Homes spend a median of 74 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 8.3% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38119, Shelby County TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
not determinable
- Dave & Buster's Memphis49 mi
- K1 Speed Memphis4.76.7 mi
- Urban Air Trampoline and Adventure Park4.25.5 mi
- Urban Air Trampoline and Adventure Park4.28.3 mi
- Jumping World4.16.3 mi
- Memphis Zoo4.69.8 mi
- FedExForum4.712.3 mi
- Crosstown Concourse4.710.8 mi
- Renasant Convention Center4.512.7 mi
- B.B. King's Blues Club4.612.5 mi
- Graceland4.510.4 mi
- Memphis Zoo4.69.8 mi
- National Civil Rights Museum4.912.6 mi
- Malco Paradiso4.53.8 mi
- Shelby Farms Park4.84.3 mi
- Graceland4.510.4 mi
- National Civil Rights Museum4.912.6 mi
- Crosstown Concourse4.710.8 mi
- Sun Studio4.811.7 mi
- Lorraine Motel4.912.6 mi
- Shelby Farms Park4.84.3 mi
- Memphis Botanic Garden4.74.7 mi
- Tom Lee Park4.613 mi
- Overton Park4.69.3 mi
- Snowden Grove Park4.610 mi
- Topgolf Memphis3.52.5 mi
- TPC Southwind4.84 mi
- Windyke Country Club4.84.5 mi
- Cherokee Valley Golf Club4.58.4 mi
- Ridgeway Country Club4.86.4 mi
- Wolfchase Galleria4.29.2 mi
- Tanger Outlets Southaven4.512.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.