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MILLINGTON, TN 38053

Real Estate Market Report  ·  Shelby County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MILLINGTON, TN real estate market (38053) currently shows 107 active listings, with 46 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

The median listing price has fallen 5.2% year-over-year, from $319,990 to $303,420.

Whether you are buying or selling in MILLINGTON, TN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 25,556  ·  Density: 60.8/mi²  ·  Median household income: $57,012

Typical home value: $173,219  ·  Homeownership: 67.0%

Market Overview

Active Listings
107
⇧ 23% vs 87 last year
Pending
46
43% pending ratio
Median Price
$303,420
⇩ 5.2% vs $319,990 last year
Average Price
$317,946
⇩ 8.6% vs $347,844 last year
Days on Market
45
vs 45 days last year

Price Per Square Foot

Median $/sqft
$178
⇩ 53.2% vs $380/sqft last year
Median Home Size
1,752 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 107 this year vs 87 last year
  • Days on market: 45 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $303,420 (-5.2% YoY)
  • Average: $317,946 (-8.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.3 miles — 1,435 listings ($458,605,572 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38053Millington, TN 380530.0 mi98$32,136,748$318,990$327,926
38127Memphis, TN 381277.8 mi285$32,019,180$109,700$112,348
38023Drummonds, TN 380239.6 mi6$2,936,280$351,500$489,380
38058Munford, TN 3805811.2 mi51$18,766,929$385,000$367,979
38134Memphis, TN 3813412.1 mi95$23,323,355$246,875$245,509
38133Memphis, TN 3813312.2 mi66$21,566,358$318,700$326,763
38112Memphis, TN 3811213.1 mi78$21,691,098$242,475$278,091
38103Memphis, TN 3810314.0 mi142$56,742,916$349,950$399,598
38104Memphis, TN 3810414.4 mi147$51,369,444$299,000$349,452
38016Cordova, TN 3801615.2 mi146$48,018,524$327,625$328,894
38117Memphis, TN 3811715.5 mi197$74,728,404$280,875$379,332
38120Memphis, TN 3812015.7 mi94$64,776,246$478,688$689,109
38011Brighton, TN 3801116.3 mi30$10,530,090$326,175$351,003

Frequently Asked Questions

How many homes are for sale in MILLINGTON, TN 38053?

As of March 2026, there are 107 active listings in MILLINGTON, TN (zip code 38053), compared to 87 the prior year.

What is the median home price in MILLINGTON, TN 38053?

The median listing price in MILLINGTON, TN 38053 is $303,420 as of March 2026, a 5.2% decrease from $319,990 the prior year.

How long do homes stay on the market in MILLINGTON, TN?

Homes in MILLINGTON, TN 38053 spend an average of 45 days on the market before going under contract, compared to 45 days the prior year.

Is it a seller's or buyer's market in MILLINGTON, TN 38053?

Based on current inventory and days-on-market data as of March 2026, MILLINGTON, TN 38053 is currently a Balanced Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

How much can I save on real estate commission in MILLINGTON, TN?

With SELL123.com's maximum 3% commission, sellers in MILLINGTON, TN 38053 save an estimated $6,068 compared to a typical 5% commission on the median listing price of $303,420. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.