Name: Median List Price — ZIP 38116 All Residential, March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

What was the median list price in Memphis (38116)?

Accepted Answer

The median list price for All Residential homes in ZIP 38116 was $169,999 for the 90-day period ending 2026-03-31, based on Redfin data.

Question 2

What does the median list price in 38116 mean for sellers?

Accepted Answer

The median list price reflects what sellers of All Residential homes in ZIP 38116 are asking — not what homes are closing for. At $169,999, this is the midpoint of all asking prices in the 90-day period ending 2026-03-31. Half of sellers listed higher; half listed lower.

Question 3

How is the median list price in 38116 calculated?

Accepted Answer

The median list price for ZIP 38116 is derived from active and recently listed All Residential properties recorded over the 90-day period ending 2026-03-31. It is the midpoint value — not an average — across all asking prices in that period. Data source: Redfin.

Question 4

Is the median list price in 38116 higher or lower than last year?

Accepted Answer

The median list price in ZIP 38116 is up 13.4% compared to the same 90-day period one year ago, as of March 31, 2026.

Question 5

How does the median list price compare to the median sale price in 38116?

Accepted Answer

In ZIP 38116, the median list price was $169,999 and the median sale price was $164,950 for the 90-day period ending 2026-03-31. Sellers were asking a median of $5,049 above where buyers are closing.

Homes in 38116 listed at a median of $169,999, up 13.4% from last year.