Active Listings
257
⇧ 6.6% vs 241 last year
Depot · East Memphis · High Point Terrace · Orange Mound · Quince · University District
Data as of April 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38111) currently shows 257 active listings, with 50 pending sales. Homes are averaging 53 days on the market before going under contract.
Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 53 days on market compared to 52 days last year.
The median listing price has fallen 24.6% year-over-year, from $250,000 to $188,474.
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: 42,322 · Density: 1,671.9/mi² · Median household income: $50,151
Typical home value: $156,586 · Homeownership: 46.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38111 | Memphis, TN 38111 | 0.0 mi | 215 | $52,876,670 | $185,675 | $245,938 |
| 38114 | Memphis, TN 38114 | 2.5 mi | 110 | $16,903,700 | $114,950 | $153,670 |
| 38122 | Memphis, TN 38122 | 3.5 mi | 134 | $23,937,626 | $163,253 | $178,639 |
| 38108 | Memphis, TN 38108 | 4.7 mi | 93 | $10,026,609 | $109,250 | $107,813 |
| 38120 | Memphis, TN 38120 | 5.3 mi | 94 | $64,776,246 | $478,688 | $689,109 |
| 38126 | Memphis, TN 38126 | 5.7 mi | 15 | $2,864,100 | $185,000 | $190,940 |
| 38119 | Memphis, TN 38119 | 5.9 mi | 105 | $36,298,815 | $299,450 | $345,703 |
| 38107 | Memphis, TN 38107 | 6.1 mi | 114 | $18,698,622 | $139,900 | $164,023 |
| 38134 | Memphis, TN 38134 | 6.6 mi | 95 | $23,323,355 | $246,875 | $245,509 |
| 38128 | Memphis, TN 38128 | 8.1 mi | 134 | $24,438,250 | $166,225 | $182,375 |
| 38138 | Germantown, TN 38138 | 8.4 mi | 130 | $88,391,810 | $492,500 | $679,937 |
| 38018 | Cordova, TN 38018 | 10.2 mi | 153 | $65,400,003 | $359,000 | $427,451 |
| 38671 | Southaven, MS 38671 | 10.5 mi | 99 | $26,732,871 | $264,900 | $270,029 |
As of April 2026, there are 257 active listings in MEMPHIS, TN (zip code 38111), compared to 241 the prior year.
The median listing price in MEMPHIS, TN 38111 is $188,474 as of April 2026, a 24.6% decrease from $250,000 the prior year.
Homes in MEMPHIS, TN 38111 spend an average of 53 days on the market before going under contract, compared to 52 days the prior year.
Based on current inventory and days-on-market data as of April 2026, MEMPHIS, TN 38111 is currently a Buyer's Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 53 days on market compared to 52 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38111 save an estimated $3,769 compared to a typical 5% commission on the median listing price of $188,474. 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.