Active Listings
89
⇧ 34.8% vs 66 last year
Whitehaven
Data as of June 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38116) currently shows 89 active listings, with 23 pending sales. Homes are averaging 82 days on the market before going under contract.
Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 82 days on market compared to 55 days last year.
The median listing price has fallen 12.1% year-over-year, from $176,225 to $154,825.
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: 40,212 · Density: 790.7/mi² · Median household income: $42,354
Typical home value: $115,427 · Homeownership: 45.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38116 | Memphis, TN 38116 | 0.0 mi | 72 | $13,091,688 | $171,725 | $181,829 |
| 38114 | Memphis, TN 38114 | 4.6 mi | 110 | $16,903,700 | $114,950 | $153,670 |
| 38106 | Memphis, TN 38106 | 5.0 mi | 115 | $11,966,670 | $84,200 | $104,058 |
| 38111 | Memphis, TN 38111 | 6.5 mi | 215 | $52,876,670 | $185,675 | $245,938 |
| 38104 | Memphis, TN 38104 | 6.9 mi | 147 | $51,369,444 | $299,000 | $349,452 |
| 38672 | Southaven, MS 38672 | 7.4 mi | 102 | $40,251,648 | $385,500 | $394,624 |
| 38117 | Memphis, TN 38117 | 8.2 mi | 197 | $74,728,404 | $280,875 | $379,332 |
| 38115 | Memphis, TN 38115 | 8.4 mi | 66 | $9,054,804 | $124,725 | $137,194 |
| 38141 | Memphis, TN 38141 | 8.9 mi | 38 | $7,629,792 | $182,375 | $200,784 |
| 38107 | Memphis, TN 38107 | 9.6 mi | 114 | $18,698,622 | $139,900 | $164,023 |
| 38119 | Memphis, TN 38119 | 9.8 mi | 105 | $36,298,815 | $299,450 | $345,703 |
| 38108 | Memphis, TN 38108 | 10.3 mi | 93 | $10,026,609 | $109,250 | $107,813 |
| 72301 | West Memphis, AR 72301 | 11.8 mi | 104 | $21,340,072 | $180,500 | $205,193 |
As of June 2026, there are 89 active listings in MEMPHIS, TN (zip code 38116), compared to 66 the prior year.
The median listing price in MEMPHIS, TN 38116 is $154,825 as of June 2026, a 12.1% decrease from $176,225 the prior year.
Homes in MEMPHIS, TN 38116 spend an average of 82 days on the market before going under contract, compared to 55 days the prior year.
Based on current inventory and days-on-market data as of June 2026, MEMPHIS, TN 38116 is currently a Buyer's Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 82 days on market compared to 55 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38116 save an estimated $3,097 compared to a typical 5% commission on the median listing price of $154,825. 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.