Active Listings
185
⇧ 3.4% vs 179 last year
Downtown (Core) · Linden · Medical District · Mid-Second · Mud Island · North Memphis · Pinch District · South Bluff · South End · South Forum · South Main Arts District · Uptown · Victorian Village
Data as of September 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38103) currently shows 185 active listings, with 21 pending sales. Homes are averaging 90 days on the market before going under contract.
Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.
The median listing price has fallen 2.5% year-over-year, from $349,725 to $341,000.
Population: 13,981 · Density: 2,034.6/mi² · Median household income: $89,851
Typical home value: $376,348 · Homeownership: 34.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38103 | Memphis, TN 38103 | 0.0 mi | 142 | $56,742,916 | $349,950 | $399,598 |
| 38126 | Memphis, TN 38126 | 1.9 mi | 15 | $2,864,100 | $185,000 | $190,940 |
| 38104 | Memphis, TN 38104 | 3.2 mi | 147 | $51,369,444 | $299,000 | $349,452 |
| 38112 | Memphis, TN 38112 | 4.5 mi | 78 | $21,691,098 | $242,475 | $278,091 |
| 38114 | Memphis, TN 38114 | 5.5 mi | 110 | $16,903,700 | $114,950 | $153,670 |
| 38111 | Memphis, TN 38111 | 6.9 mi | 215 | $52,876,670 | $185,675 | $245,938 |
| 38122 | Memphis, TN 38122 | 7.5 mi | 134 | $23,937,626 | $163,253 | $178,639 |
| 38116 | Memphis, TN 38116 | 8.7 mi | 72 | $13,091,688 | $171,725 | $181,829 |
| 38128 | Memphis, TN 38128 | 8.9 mi | 134 | $24,438,250 | $166,225 | $182,375 |
| 38118 | Memphis, TN 38118 | 10.7 mi | 105 | $15,429,540 | $139,500 | $146,948 |
| 38120 | Memphis, TN 38120 | 11.6 mi | 94 | $64,776,246 | $478,688 | $689,109 |
| 38119 | Memphis, TN 38119 | 12.9 mi | 105 | $36,298,815 | $299,450 | $345,703 |
| 38671 | Southaven, MS 38671 | 13.5 mi | 99 | $26,732,871 | $264,900 | $270,029 |
As of September 2026, there are 185 active listings in MEMPHIS, TN (zip code 38103), compared to 179 the prior year.
The median listing price in MEMPHIS, TN 38103 is $341,000 as of September 2026, a 2.5% decrease from $349,725 the prior year.
Homes in MEMPHIS, TN 38103 spend an average of 90 days on the market before going under contract, compared to 90 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MEMPHIS, TN 38103 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38103 save an estimated $6,820 compared to a typical 5% commission on the median listing price of $341,000. 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.