Market Intelligence · TN / Memphis

Memphis, TN 38112 Housing Market

In Memphis 38112, the typical home value is $127,447, down 10.8% over the past year. Homes here carry a median list price of $225,950 and take a median of 76 days on market.

Updated June 2026Median value$127K

The median home value in Memphis, TN 38112 is $127K as of June 2026, down 10.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 38112 range

$117K to $138K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-10.8% over 12 months

Typical home value in 38112 over the last 12 months: $143K in Jun 2025 to $127K in Jun 2026 (-10.8%).

Jun 2025$143K

Jun 2026$127K

The numbers

What is the 38112 housing market like?

Typical home value

$127K

Down10.8%YoY

Median list price

$226K

Days on market

76

Up24.6%MoM

Homes for sale

83

Price cuts

28.7%

New listings

16

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 38112 home prices compare?

  • 38112$127,447
  • Memphis$148,486
  • Tennessee$273,929
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Memphis: 25 ZIPs; Tennessee: 587 ZIPs; United States: 26,270 ZIPs).

Context

The 38112 ZIP code shows a slower market as of June 2026. There are 83 homes for sale, with 16 new listings added recently. The median days on market sits at 76, and 28.7% of listings have taken a price cut. With the typical home value down 10.8% over the past year, sellers should expect a longer timeline and price their homes carefully to match current demand.

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20% · $25,489

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