Active Listings
170
⇧ 6.3% vs 160 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 March 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38103) currently shows 170 active listings, with 28 pending sales. Homes are averaging 68 days on the market before going under contract.
Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 68 days on market compared to 65 days last year.
The median listing price has risen 0.9% year-over-year, from $345,000 to $348,225.
Whether you are buying or selling in MEMPHIS, 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.
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 March 2026, there are 170 active listings in MEMPHIS, TN (zip code 38103), compared to 160 the prior year.
The median listing price in MEMPHIS, TN 38103 is $348,225 as of March 2026, a 0.9% increase from $345,000 the prior year.
Homes in MEMPHIS, TN 38103 spend an average of 68 days on the market before going under contract, compared to 65 days the prior year.
Based on current inventory and days-on-market data as of March 2026, MEMPHIS, TN 38103 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 68 days on market compared to 65 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38103 save an estimated $6,965 compared to a typical 5% commission on the median listing price of $348,225. 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.