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Hyde Park Jackson North Memphis Voillintine-Evergreen

MEMPHIS, TN 38108

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

Neighborhoods in ZIP 38108

Hyde Park · Jackson · North Memphis · Voillintine-Evergreen

Market Analysis

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

The MEMPHIS, TN real estate market (38108) currently shows 143 active listings, with 19 pending sales. Homes are averaging 100 days on the market before going under contract.

Inventory has increased compared to last year, with 62 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 100 days on market compared to 39 days last year.

The median listing price has risen 16.1% year-over-year, from $94,698 to $109,950.

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.

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Market Context

Market Context

Population: 17,629  ·  Density: 896.1/mi²  ·  Median household income: $29,757

Typical home value: $58,850  ·  Homeownership: 41.8%

Market Overview

Active Listings
143
⇧ 76.5% vs 81 last year
Pending
19
13% pending ratio
Median Price
$109,950
⇧ 16.1% vs $94,698 last year
Average Price
$113,980
⇧ 2.4% vs $111,323 last year
Days on Market
100
⇧ 156.4% vs 39 days last year

Price Per Square Foot

Median $/sqft
$109
⇩ 19.9% vs $136/sqft last year
Median Home Size
1,045 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 143 this year vs 81 last year
  • Days on market: 100 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $109,950 (+16.1% YoY)
  • Average: $113,980 (+2.4% 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 11.5 miles — 1,451 listings ($343,705,546 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38108Memphis, TN 381080.0 mi93$10,026,609$109,250$107,813
38122Memphis, TN 381222.7 mi134$23,937,626$163,253$178,639
38104Memphis, TN 381043.8 mi147$51,369,444$299,000$349,452
38105Memphis, TN 381054.4 mi16$4,734,816$216,000$295,926
38127Memphis, TN 381275.2 mi285$32,019,180$109,700$112,348
38103Memphis, TN 381035.4 mi142$56,742,916$349,950$399,598
38126Memphis, TN 381265.7 mi15$2,864,100$185,000$190,940
38106Memphis, TN 381066.7 mi115$11,966,670$84,200$104,058
38135Memphis, TN 381357.8 mi82$28,023,090$326,850$341,745
38118Memphis, TN 381189.8 mi105$15,429,540$139,500$146,948
38115Memphis, TN 3811510.1 mi66$9,054,804$124,725$137,194
38053Millington, TN 3805311.1 mi98$32,136,748$318,990$327,926
38018Cordova, TN 3801811.5 mi153$65,400,003$359,000$427,451

Frequently Asked Questions

How many homes are for sale in MEMPHIS, TN 38108?

As of June 2026, there are 143 active listings in MEMPHIS, TN (zip code 38108), compared to 81 the prior year.

What is the median home price in MEMPHIS, TN 38108?

The median listing price in MEMPHIS, TN 38108 is $109,950 as of June 2026, a 16.1% increase from $94,698 the prior year.

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

Homes in MEMPHIS, TN 38108 spend an average of 100 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in MEMPHIS, TN 38108?

Based on current inventory and days-on-market data as of June 2026, MEMPHIS, TN 38108 is currently a Buyer's Market. Inventory has increased compared to last year, with 62 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 100 days on market compared to 39 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 38108 save an estimated $2,199 compared to a typical 5% commission on the median listing price of $109,950. 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.