38120 Home Values & Market Trends
There are 263 homes currently listed for 38120. 38120 real estate market trends show that home prices range from $95,000 to $2,290,000, and the median sales price in the 38120 zip code is $435,905. The total number of properties sold within the past twelve months is 230. In 38120, 3 properties are in foreclosure, 0 are bank owned properties,and 3 are headed for auction.
38120 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Memphis | $ 159,140 $ 109/sqft |
Housing Market Summary for 38120
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $449.9K | $449.4K | -0.10% |
| Median Sold Price | $406.1K | $348.2K | -14.26% |
| Homes For Sale | 196 | 264 | 34.69% |
| Homes Sold | 112 | 58 | -48.21% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 38120
Browse Homes in 38120
The median list price of a home in Memphis, is $435,905. A total of 263 properties are for sale, and the percentage of properties for sale in the zip code is 263.00%. The total count of 38120 properties is 328.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 38120 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 38120; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 38120 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 38120. There is 1 cities within 38120; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmemphis has 293 auction properties, the highest number of properties going to auction in a single city in the state of 38120. Auction homes and other auction properties account for 0.91% of all properties in 38120. There is 1 cities within 38120; of that cities, the median estimated home value for homes going to auction ranges from $922,002 in memphis to the lowest value of $21,319 in memphis.
Compare Nearby Zip Codes
More Real Estate Resources for 38120
Guide for 38120
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
