Market Intelligence · TN / Memphis
Memphis, TN 38118 Housing Market
The typical home value in Memphis 38118 is $126,840, down 0.3% over the past year. The median list price sits at $134,475, and homes are taking a median of 48 days on market.
The median home value in Memphis, TN 38118 is $127K as of June 2026, down 0.3% 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.
Get a cash offer
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 38118 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.
Track my home's value
Asset monitoring
Track your home's value.
A free monthly briefing with your estimated value and 38118 market stats. Unsubscribe anytime.
12-month value trend
-0.3% over 12 months
Jun 2025$127K
Low $126KHigh $128K
Jun 2026$127K