Active Listings
164
⇧ 10.1% vs 149 last year
Population: 45,204 · Density: 292.3/mi² · Median household income: $35,018
Typical home value: $75,455 · Homeownership: 55.2%
Data as of January 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38109) currently shows 164 active listings, with 33 pending sales. Homes are averaging 71 days on the market before going under contract.
Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 71 days on market compared to 58 days last year.
The median listing price has fallen 5.1% year-over-year, from $115,900 to $110,000.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38109 | Memphis, TN 38109 | 0.0 mi | 164 | $19,484,348 | $110,000 | $118,807 |
| 38116 | Memphis, TN 38116 | 7.1 mi | 70 | $12,959,520 | $175,000 | $185,136 |
| 72301 | West Memphis, AR 72301 | 7.3 mi | 107 | $21,343,290 | $167,200 | $199,470 |
| 38126 | Memphis, TN 38126 | 8.2 mi | 19 | $3,676,899 | $182,500 | $193,521 |
| 38641 | Lake Cormorant, MS 38641 | 9.3 mi | 10 | $4,277,670 | $317,500 | $427,767 |
| 38114 | Memphis, TN 38114 | 9.5 mi | 105 | $15,963,990 | $120,525 | $152,038 |
| 38104 | Memphis, TN 38104 | 10.1 mi | 143 | $49,279,659 | $299,000 | $344,613 |
| 38107 | Memphis, TN 38107 | 11.3 mi | 104 | $17,337,424 | $141,250 | $166,706 |
| 38112 | Memphis, TN 38112 | 11.9 mi | 72 | $19,470,528 | $232,500 | $270,424 |
| 38651 | Nesbit, MS 38651 | 12.4 mi | 85 | $36,966,585 | $395,000 | $434,901 |
| 72364 | Marion, AR 72364 | 12.7 mi | 64 | $20,453,568 | $299,950 | $319,587 |
| 38117 | Memphis, TN 38117 | 14.1 mi | 192 | $70,074,240 | $277,500 | $364,970 |
| 38115 | Memphis, TN 38115 | 15.4 mi | 69 | $9,758,946 | $132,500 | $141,434 |
As of January 2026, there are 164 active listings in MEMPHIS, TN (zip code 38109), compared to 149 the prior year.
The median listing price in MEMPHIS, TN 38109 is $110,000 as of January 2026, a 5.1% decrease from $115,900 the prior year.
Homes in MEMPHIS, TN 38109 spend an average of 71 days on the market before going under contract, compared to 58 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MEMPHIS, TN 38109 is currently a Buyer's Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 71 days on market compared to 58 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38109 save an estimated $2,200 compared to a typical 5% commission on the median listing price of $110,000. 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.