How much is a home in 38112 worth?

The typical home value in 38112 is $126,763 as of 2026-08-01, down 9.3% over the past year.

How long do homes take to sell in 38112?

Homes in 38112 spend a median of 102 days on market as of 2026-08-01.

Are sellers cutting prices in 38112?

Yes. As of 2026-08-01, 29.1% of listings in 38112 have taken a price cut, with a median list price of $219,900.

Market Intelligence · TN / Memphis

Memphis, TN 38112 Housing Market

The typical home value in Memphis, TN 38112 is $126,763, down 9.3% over the past year as of 2026-08-01. The median list price stands at $219,900, and homes are spending a median of 102 days on market.

Updated August 2026Median value$127K

The median home value in Memphis, TN 38112 is $127K as of August 2026, down 9.3% 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.

Sell without the wait

Sell your Memphis home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 38112 range

$117K to $137K

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.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 38112 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Memphis, TN.

12-month value trend

-9.3% over 12 months

Aug 2025$140K

Low $127KHigh $140K

Aug 2026$127K

The numbers

What is the 38112 housing market like?

As of August 2026

Typical home value

$127K

9.3%YoY

Median list price

$220K

5.9%MoM

Days on market

102

4.1%MoM

Homes for sale

3.8%MoM

Price cuts

29.1%

1.4%MoM

New listings

33.3%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

Free home value report

See what your 38112 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 38112 home prices compare?

38112$126,763
Memphis$148,286
Tennessee$270,768
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Memphis: 25 ZIPs; Tennessee: 587 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 75 homes for sale in 38112, with 16 new listings coming on the market. The median list price of $219,900 sits well above the typical home value of $126,763, which has fallen 9.3% over the past year. Homes are taking a median of 102 days to sell, and 29.1% of listings have taken a price cut. Sellers are adjusting expectations as values soften. For a homeowner thinking about selling, patience and realistic pricing matter more than timing the market right now.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $25,353

Term

Rate (%)

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading