Active Listings
171
⇩ 10.9% vs 192 last year
Central Gardens · Cooper-Young · Downtown (Core) · Linden · Medical District · Midtown · Stonewall Place
Data as of September 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38104) currently shows 171 active listings, with 23 pending sales. Homes are averaging 92 days on the market before going under contract.
Inventory has tightened compared to last year, with 21 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 92 days on market compared to 60 days last year.
The median listing price has fallen 14.5% year-over-year, from $327,500 to $279,900.
Population: 23,408 · Density: 1,825.1/mi² · Median household income: $53,351
Typical home value: $287,967 · Homeownership: 37.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38104 | Memphis, TN 38104 | 0.0 mi | 147 | $51,369,444 | $299,000 | $349,452 |
| 38105 | Memphis, TN 38105 | 2.2 mi | 16 | $4,734,816 | $216,000 | $295,926 |
| 38114 | Memphis, TN 38114 | 2.7 mi | 110 | $16,903,700 | $114,950 | $153,670 |
| 38106 | Memphis, TN 38106 | 2.9 mi | 115 | $11,966,670 | $84,200 | $104,058 |
| 38111 | Memphis, TN 38111 | 3.7 mi | 215 | $52,876,670 | $185,675 | $245,938 |
| 38122 | Memphis, TN 38122 | 4.9 mi | 134 | $23,937,626 | $163,253 | $178,639 |
| 38116 | Memphis, TN 38116 | 6.9 mi | 72 | $13,091,688 | $171,725 | $181,829 |
| 38128 | Memphis, TN 38128 | 7.8 mi | 134 | $24,438,250 | $166,225 | $182,375 |
| 38120 | Memphis, TN 38120 | 8.6 mi | 94 | $64,776,246 | $478,688 | $689,109 |
| 38115 | Memphis, TN 38115 | 9.6 mi | 66 | $9,054,804 | $124,725 | $137,194 |
| 72301 | West Memphis, AR 72301 | 9.9 mi | 104 | $21,340,072 | $180,500 | $205,193 |
| 38135 | Memphis, TN 38135 | 11.4 mi | 82 | $28,023,090 | $326,850 | $341,745 |
| 38671 | Southaven, MS 38671 | 11.7 mi | 99 | $26,732,871 | $264,900 | $270,029 |
As of September 2026, there are 171 active listings in MEMPHIS, TN (zip code 38104), compared to 192 the prior year.
The median listing price in MEMPHIS, TN 38104 is $279,900 as of September 2026, a 14.5% decrease from $327,500 the prior year.
Homes in MEMPHIS, TN 38104 spend an average of 92 days on the market before going under contract, compared to 60 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MEMPHIS, TN 38104 is currently a Balanced Market. Inventory has tightened compared to last year, with 21 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 92 days on market compared to 60 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38104 save an estimated $5,598 compared to a typical 5% commission on the median listing price of $279,900. 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.