Active Listings
87
⇧ 24.3% vs 70 last year
Whitehaven
Data as of March 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38116) currently shows 87 active listings, with 27 pending sales. Homes are averaging 45 days on the market before going under contract.
Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 45 days on market compared to 38 days last year.
The median listing price has risen 0.7% year-over-year, from $175,500 to $176,698.
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 March 2026, there are 87 active listings in MEMPHIS, TN (zip code 38116), compared to 70 the prior year.
The median listing price in MEMPHIS, TN 38116 is $176,698 as of March 2026, a 0.7% increase from $175,500 the prior year.
Homes in MEMPHIS, TN 38116 spend an average of 45 days on the market before going under contract, compared to 38 days the prior year.
Based on current inventory and days-on-market data as of March 2026, MEMPHIS, TN 38116 is currently a Buyer's Market. Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 45 days on market compared to 38 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38116 save an estimated $3,534 compared to a typical 5% commission on the median listing price of $176,698. 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.