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MILLINGTON, TN 38053

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The MILLINGTON, TN real estate market (38053) currently shows 120 active listings, with 44 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 67 days on market compared to 43 days last year.

The median listing price has fallen 6.2% year-over-year, from $319,750 to $299,948.

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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
120
⇧ 0.8% vs 119 last year
Pending
44
37% pending ratio
Median Price
$299,948
⇩ 6.2% vs $319,750 last year
Average Price
$314,351
⇩ 5.3% vs $331,901 last year
Days on Market
67
⇧ 55.8% vs 43 days last year

Price Per Square Foot

Median $/sqft
$173
⇧ 3.6% vs $167/sqft last year
Median Home Size
1,756 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 120 this year vs 119 last year
  • Days on market: 67 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $299,948 (-6.2% YoY)
  • Average: $314,351 (-5.3% 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 September 2026, there are 120 active listings in MILLINGTON, TN (zip code 38053), compared to 119 the prior year.

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

The median listing price in MILLINGTON, TN 38053 is $299,948 as of September 2026, a 6.2% decrease from $319,750 the prior year.

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

Homes in MILLINGTON, TN 38053 spend an average of 67 days on the market before going under contract, compared to 43 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 September 2026, MILLINGTON, TN 38053 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 67 days on market compared to 43 days last year.

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 $5,999 compared to a typical 5% commission on the median listing price of $299,948. 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.