How much is a home in 38127 worth?

The typical home value in 38127 is $90,536, down 6.5% over the past year. The median list price is $95,000.

How fast do homes sell in 38127?

Homes in 38127 spend a median of 58 days on the market. There are currently 255 homes for sale, with 56 new listings.

Are sellers cutting prices in 38127?

Yes. About 18.3% of listings in 38127 have had a price cut, which fits with values declining 6.5% over the past year.

Market Intelligence · TN / Memphis

Memphis, TN 38127 Housing Market

The typical home value in Memphis, TN 38127 is $90,536, down 6.5% over the past year. Sellers here face a soft market: the median list price is $95,000, and homes take a median of 58 days to sell.

Updated August 2026Median value$91K

The median home value in Memphis, TN 38127 is $91K as of August 2026, down 6.5% 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.

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 38127 range

$83K to $98K

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 38127 market stats. Unsubscribe anytime.

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

12-month value trend

-6.5% over 12 months

Aug 2025$97K

Low $90KHigh $97K

Aug 2026$91K

The numbers

What is the 38127 housing market like?

As of August 2026

Typical home value

$91K

6.5%YoY

Median list price

$95K

3.5%MoM

Days on market

13.4%MoM

Homes for sale

255

10.9%MoM

Price cuts

18.3%

10.6%MoM

New listings

26.3%MoM

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

Free home value report

See what your 38127 home is worth.

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

The comparison

How do 38127 home prices compare?

38127$90,536
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

There are 255 homes for sale in 38127, with 56 new listings coming on the market. At a median list price of $95,000 and a typical value of $90,536, sellers are asking more than what homes are actually worth, and the market is pushing back. About 18.3% of listings have taken a price cut, and the median days on market is 58. Combined with values falling 6.5% over the past year, the picture is of a market where buyers hold the leverage. For a seller, that means pricing realistically from day one matters more than testing a higher number.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $18,107

Term

Rate (%)

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading