Market Intelligence · TN / Memphis

Memphis, TN 38125 Housing Market

The typical home value in Memphis 38125 is $281,066, down 1.5% over the past year. The median list price sits at $307,450, and homes are taking a median of 43 days on market.

Updated June 2026Median value$281K

The median home value in Memphis, TN 38125 is $281K as of June 2026, down 1.5% 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 38125 range

$259K to $304K

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

-1.5% over 12 months

Typical home value in 38125 over the last 12 months: $285K in Jun 2025 to $281K in Jun 2026 (-1.5%).

Jun 2025$285K

Jun 2026$281K

The numbers

What is the 38125 housing market like?

Typical home value

$281K

Down1.5%YoY

Median list price

$307K

Days on market

43

Up6.2%MoM

Homes for sale

51

Price cuts

16.9%

New listings

30

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

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The comparison

How do 38125 home prices compare?

  • 38125$281,066
  • 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

As of June 1, 2026, there were 51 homes for sale in the 38125 ZIP code, with 30 new listings added recently. The median list price was $307,450, while the typical home value was $281,066, down 1.5% over the past year. Homes spent a median of 43 days on market, and 16.9% of listings had a price cut. For sellers, this points to a market where pricing carefully and preparing for some negotiation matters.

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