Name: List Price Per Square Foot — ZIP 38120 All Residential, March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

What is the median list price per square foot in Memphis (38120)?

Accepted Answer

The median list price per square foot for All Residential homes in ZIP 38120 was $171/sqft for the 90-day period ending 2026-03-31, based on Redfin active listing data. This is the midpoint of per-square-foot list prices across active listings in that window — half of homes were listed at a higher per-square-foot price, half at a lower one.

Question 2

What does the list price per square foot in 38120 tell a seller?

Accepted Answer

The median list price per square foot in ZIP 38120 reflects what All Residential sellers in this market are asking per square foot across active listings. At $171/sqft as of March 31, 2026, this is the asking-price benchmark for the market — not what buyers have paid. Closed sale price per square foot may differ.

Question 3

How is the list price per square foot calculated for ZIP 38120?

Accepted Answer

The median list price per square foot for ZIP 38120 is derived from active All Residential listing prices over the 90-day period ending 2026-03-31. For each listing, the list price is divided by the home’s square footage. The median of those per-square-foot values is the reported figure. It is the midpoint — not an average. Data source: Redfin.

Question 4

Is the list price per square foot in 38120 higher or lower than last year?

Accepted Answer

The median list price per square foot for All Residential homes in ZIP 38120 is down 1.9% compared to the same 90-day period one year ago, as of March 31, 2026. Data source: Redfin.

Homes in 38120 listed at a median of $171/sqft, down 1.9% from last year.