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Downtown (Core) Greenlaw Hunt Village Medical District Pinch District Uptown Victorian Village

MEMPHIS, TN 38105

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

Neighborhoods in ZIP 38105

Downtown (Core) · Greenlaw · Hunt Village · Medical District · Pinch District · Uptown · Victorian Village

Market Analysis

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

The MEMPHIS, TN real estate market (38105) currently shows 25 active listings, with 1 pending sales. Homes are averaging 94 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 94 days on market compared to 84 days last year.

The median listing price has fallen 3% year-over-year, from $221,250 to $214,700.

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Market Context

Market Context

Population: 5,215  ·  Density: 1,191.2/mi²  ·  Median household income: $26,250

Typical home value: $73,581  ·  Homeownership: 10.0%

Market Overview

Active Listings
25
⇧ 31.6% vs 19 last year
Pending
1
4% pending ratio
Median Price
$214,700
⇩ 3% vs $221,250 last year
Average Price
$250,145
⇩ 17.9% vs $304,525 last year
Days on Market
94
⇧ 11.9% vs 84 days last year

Price Per Square Foot

Median $/sqft
$142
⇩ 11.3% vs $160/sqft last year
Median Home Size
1,515 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
—
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 25 this year vs 19 last year
  • Days on market: 94 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $214,700 (-3% YoY)
  • Average: $250,145 (-17.9% 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 13.1 miles — 1,558 listings ($395,257,907 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38105Memphis, TN 381050.0 mi16$4,734,816$216,000$295,926
38107Memphis, TN 381071.5 mi114$18,698,622$139,900$164,023
38104Memphis, TN 381042.2 mi147$51,369,444$299,000$349,452
38106Memphis, TN 381063.5 mi115$11,966,670$84,200$104,058
38114Memphis, TN 381144.7 mi110$16,903,700$114,950$153,670
38127Memphis, TN 381276.1 mi285$32,019,180$109,700$112,348
38117Memphis, TN 381177.8 mi197$74,728,404$280,875$379,332
72301West Memphis, AR 723018.2 mi104$21,340,072$180,500$205,193
72364Marion, AR 723649.5 mi67$20,259,527$299,900$302,381
38118Memphis, TN 381189.9 mi105$15,429,540$139,500$146,948
38120Memphis, TN 3812010.5 mi94$64,776,246$478,688$689,109
38119Memphis, TN 3811911.8 mi105$36,298,815$299,450$345,703
38671Southaven, MS 3867113.1 mi99$26,732,871$264,900$270,029

Frequently Asked Questions

How many homes are for sale in MEMPHIS, TN 38105?

As of September 2026, there are 25 active listings in MEMPHIS, TN (zip code 38105), compared to 19 the prior year.

What is the median home price in MEMPHIS, TN 38105?

The median listing price in MEMPHIS, TN 38105 is $214,700 as of September 2026, a 3% decrease from $221,250 the prior year.

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

Homes in MEMPHIS, TN 38105 spend an average of 94 days on the market before going under contract, compared to 84 days the prior year.

Is it a seller's or buyer's market in MEMPHIS, TN 38105?

Based on current inventory and days-on-market data as of September 2026, MEMPHIS, TN 38105 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 94 days on market compared to 84 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38105 save an estimated $4,294 compared to a typical 5% commission on the median listing price of $214,700. 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.