Markets/Memphis, TN/38120
38120 housing market
From 206 single-family sales recorded in ZIP code 38120 (Memphis, TN) from October 2025 to September 2026. Enter an address to see what it is worth after repair.
Informational only, not a buy/sell recommendation. ARV is an estimate, not an appraisal.
Point at any area to see what homes there sold for. Tap a color to filter.
The numbers
Medians over the last 12 full months.
Quarter by quarter
Median sale price (line) and homes sold (bars) each quarter.
By bedrooms
What each size of home sold for.
| Bedrooms | Homes sold | Median price | Per sq ft |
|---|---|---|---|
| 2 | 2 | $262,500 | $122 |
| 3 | 62 | $328,900 | $169 |
| 4 | 93 | $485,000 | $174 |
| 5 or more | 49 | $740,000 | $157 |
Nearby ZIP codes
The closest ZIP codes with their own page.
Questions investors ask about 38120
What is the median home price in ZIP code 38120?
Single-family homes in 38120 (Memphis, TN) sold for a median of $458,500 from October 2025 to September 2026, across 206 sales, at a median of $166 per square foot.
How does 38120 compare with nearby ZIP codes?
Of the 5 closest ZIP codes with enough sales, 4 had a lower median price and 1 a higher one. 38117: $290,000; 38119: $311,500; 38122: $140,000.
How do I estimate the ARV of a property in 38120?
Enter the address above. iComps pulls recent comparable sales near the property, adjusts them for size and features, and returns the after-repair value with every comp and adjustment shown.
Run an ARV in 38120
Comparable sales, adjustments and an all-in cost breakdown for any address.
How these numbers are made: single-family sales recorded in ZIP code 38120 with a sale date from October 2025 to September 2026. Prices are medians. Price per square foot uses homes between 400 and 10,000 sq ft. The map groups sales into hexagon areas about 0.7 km across and shows only areas with at least 5 sales. Updated every month. Individual properties are not shown.
Market data for informational purposes only. Not investment advice, not a recommendation to buy, sell, or hold any property or security. Past market activity does not guarantee future results. Consult a licensed professional before making real estate decisions.
ARV calculations are estimates for informational purposes only and do not constitute professional appraisals, financial advice, or investment recommendations. All figures must be independently verified by a licensed appraiser before making any investment decisions. Past comparable sales data does not guarantee future property values. iComps is not a licensed real estate broker, appraiser, or financial advisor.
