38105
Memphis, Tennessee
Memphis 38105 needs watching.
The 38105 ZIP code in Memphis, Tennessee has a median sale price of $175K, up +18.2% year-over-year. Homes spend an average of 55 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38105.
Memphis ZIP 38105 shows a median sale price of $175,000 as of February 2026, marking an 18.2% year-over-year increase that outpaces most national benchmarks. Properties are moving at a moderate pace with an average 55 days on market, though zero homes are selling above list price—a clear indication that despite the price appreciation, buyer competition remains muted. This disconnect between rising prices and lack of bidding wars suggests inventory constraints rather than demand-driven growth.
The 55-day market cycle and absence of above-ask sales create favorable conditions for deliberate buyers who can negotiate without competitive pressure. Investors seeking appreciation-driven returns will note the 18.2% annual gain, though the PropIQ score of 55/100 signals caution on sustainability. Sellers benefit from the price trajectory but must accept list-price offers rather than premiums, making realistic pricing critical in a market where properties take nearly two months to clear.
The PropIQ score of 55/100 indicates heightened risk of correction or stagnation following the rapid 18.2% appreciation cycle. Markets with sub-60 PropIQ ratings historically show vulnerability when price growth significantly exceeds income growth or rental yield fundamentals. Monitor absorption rates and any increase in days-on-market beyond the current 55-day baseline, as these would confirm a transition from constrained supply to demand weakness.
What is the median home price in 38105 Memphis?
The median sale price in 38105 is $175K, up +18.2% year-over-year as of 2026-02-28.
How long do homes stay on the market in Memphis 38105?
Homes in 38105 Memphis spend an average of 55 days on market before going under contract.
Is Memphis 38105 a good place to invest in real estate?
Folio's PropIQ™ score for 38105 is 55/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 38105?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 38105 Memphis, Tennessee.