Active Listings
262
⇧ 2.7% vs 255 last year
Depot · East Memphis · High Point Terrace · Orange Mound · Quince · University District
Data as of September 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38111) currently shows 262 active listings, with 53 pending sales. Homes are averaging 68 days on the market before going under contract.
Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 68 days on market compared to 61 days last year.
The median listing price has fallen 12.2% year-over-year, from $223,250 to $195,950.
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 September 2026, there are 262 active listings in MEMPHIS, TN (zip code 38111), compared to 255 the prior year.
The median listing price in MEMPHIS, TN 38111 is $195,950 as of September 2026, a 12.2% decrease from $223,250 the prior year.
Homes in MEMPHIS, TN 38111 spend an average of 68 days on the market before going under contract, compared to 61 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MEMPHIS, TN 38111 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 68 days on market compared to 61 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38111 save an estimated $3,919 compared to a typical 5% commission on the median listing price of $195,950. 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.