Home values have decreased by roughly 1.6% over the past year .
Most homes sell for approximately 97.7% of their original asking price . 📈 Neighborhood & Rental Trends
Currently classified as "Warm" due to consistent renter demand .
Typical home values in the zip code of Memphis, TN, are approximately $267,166 as of April 2026 . 🏠 Market Snapshot: 38117
Homes typically go to pending in about 51 days .
The 38117 area includes popular East Memphis neighborhoods like and University District .
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