Market Intelligence · TN / Memphis

Memphis, TN 38125 Housing Market

The typical home value in Memphis 38125 is $275,797, down 1.2% over the past year. The median list price stands at $314,975, with homes taking a median 55 days on market.

Updated September 2026Median value$276K

The median home value in Memphis, TN 38125 is $276K as of September 2026, down 1.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 38125 range

$254K to $298K

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

-1.2% over 12 months

Sep 2025$279K

Low $276KHigh $279K

Sep 2026$276K

The numbers

What is the 38125 housing market like?

As of September 2026

Typical home value

$276K

1.2%YoY

Median list price

$315K

0.0%MoM

Days on market

1.9%MoM

Homes for sale

7.4%MoM

Price cuts

20.8%

5.9%MoM

New listings

7.1%MoM

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

The outlook

38125 housing market forecast 2027

-0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 38125 to stay roughly flat by September 2027 (down 0.2%).

Over the 12 months through September 2026, typical home values in 38125 fell 1.2%, per the Zillow Home Value Index.

Will home prices drop in 38125?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 38125 to stay roughly flat by September 2027 (down 0.2%), after a 1.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 38125 home prices compare?

38125$275,797
Memphis$143,481
Tennessee$265,881
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Memphis: 25 ZIPs; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 73 homes for sale in 38125, with 26 new listings added recently. The median list price of $314,975 sits notably above the typical home value of $275,797. Homes are spending a median 55 days on market, which reflects a measured pace. One in five listings has seen a price cut, suggesting sellers are adjusting to buyer demand. If you're considering a sale, expect a patient market where pricing strategy matters.

Monthly payment

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Down payment20% · $55,159

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Common questions

What people ask us.

What is the typical home value in 38125?

The typical home value is $275,797, down 1.2% over the past year as of September 2026.

How long do homes typically stay on the market here?

The median days on market is 55 as of September 2026.

What share of homes have had price reductions?

20.8% of listings have seen a price cut as of September 2026.

Discover

Nearby ZIP markets.

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