Active Listings
70
⇧ 4.5% vs 67 last year
Population: 40,212 · Density: 790.7/mi² · Median household income: $42,354
Typical home value: $115,427 · Homeownership: 45.5%
Data as of January 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38116) currently shows 70 active listings, with 20 pending sales. Homes are averaging 69 days on the market before going under contract.
Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 69 days on market compared to 54 days last year.
The median listing price has fallen 1.8% year-over-year, from $178,175 to $175,000.
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 $ |
|---|---|---|---|---|---|---|
| 38116 | Memphis, TN 38116 | 0.0 mi | 70 | $12,959,520 | $175,000 | $185,136 |
| 38114 | Memphis, TN 38114 | 4.6 mi | 105 | $15,963,990 | $120,525 | $152,038 |
| 38106 | Memphis, TN 38106 | 5.0 mi | 111 | $11,898,423 | $85,250 | $107,193 |
| 38111 | Memphis, TN 38111 | 6.5 mi | 198 | $49,977,576 | $199,900 | $252,412 |
| 38104 | Memphis, TN 38104 | 6.9 mi | 143 | $49,279,659 | $299,000 | $344,613 |
| 38672 | Southaven, MS 38672 | 7.4 mi | 111 | $45,099,411 | $398,450 | $406,301 |
| 38117 | Memphis, TN 38117 | 8.2 mi | 192 | $70,074,240 | $277,500 | $364,970 |
| 38115 | Memphis, TN 38115 | 8.4 mi | 69 | $9,758,946 | $132,500 | $141,434 |
| 38141 | Memphis, TN 38141 | 8.9 mi | 52 | $9,722,388 | $184,500 | $186,969 |
| 38107 | Memphis, TN 38107 | 9.6 mi | 104 | $17,337,424 | $141,250 | $166,706 |
| 38119 | Memphis, TN 38119 | 9.8 mi | 102 | $36,555,780 | $314,900 | $358,390 |
| 38108 | Memphis, TN 38108 | 10.3 mi | 66 | $6,157,338 | $85,000 | $93,293 |
| 72301 | West Memphis, AR 72301 | 11.8 mi | 107 | $21,343,290 | $167,200 | $199,470 |
As of January 2026, there are 70 active listings in MEMPHIS, TN (zip code 38116), compared to 67 the prior year.
The median listing price in MEMPHIS, TN 38116 is $175,000 as of January 2026, a 1.8% decrease from $178,175 the prior year.
Homes in MEMPHIS, TN 38116 spend an average of 69 days on the market before going under contract, compared to 54 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MEMPHIS, TN 38116 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 69 days on market compared to 54 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38116 save an estimated $3,500 compared to a typical 5% commission on the median listing price of $175,000. 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.