Active Listings
254
⇧ 7.6% vs 236 last year
Depot · East Memphis · High Point Terrace · Orange Mound · Quince · University District
Data as of July 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38111) currently shows 254 active listings, with 56 pending sales. Homes are averaging 78 days on the market before going under contract.
Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 78 days on market compared to 59 days last year.
The median listing price has fallen 17.9% year-over-year, from $247,450 to $203,225.
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 July 2026, there are 254 active listings in MEMPHIS, TN (zip code 38111), compared to 236 the prior year.
The median listing price in MEMPHIS, TN 38111 is $203,225 as of July 2026, a 17.9% decrease from $247,450 the prior year.
Homes in MEMPHIS, TN 38111 spend an average of 78 days on the market before going under contract, compared to 59 days the prior year.
Based on current inventory and days-on-market data as of July 2026, MEMPHIS, TN 38111 is currently a Buyer's Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 78 days on market compared to 59 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38111 save an estimated $4,065 compared to a typical 5% commission on the median listing price of $203,225. 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.