Active Listings
192
⇧ 1.6% vs 189 last year
Population: 26,430 · Density: 1,086.8/mi² · Median household income: $91,680
Typical home value: $263,838 · Homeownership: 78.1%
Data as of January 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38117) currently shows 192 active listings, with 39 pending sales. Homes are averaging 86 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 86 days on market compared to 72 days last year.
The median listing price has fallen 9.4% year-over-year, from $306,225 to $277,500.
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 $ |
|---|---|---|---|---|---|---|
| 38117 | Memphis, TN 38117 | 0.0 mi | 192 | $70,074,240 | $277,500 | $364,970 |
| 38120 | Memphis, TN 38120 | 3.1 mi | 96 | $68,256,192 | $487,000 | $711,002 |
| 38119 | Memphis, TN 38119 | 4.2 mi | 102 | $36,555,780 | $314,900 | $358,390 |
| 38114 | Memphis, TN 38114 | 4.7 mi | 105 | $15,963,990 | $120,525 | $152,038 |
| 38134 | Memphis, TN 38134 | 5.0 mi | 89 | $21,499,374 | $240,000 | $241,566 |
| 38118 | Memphis, TN 38118 | 5.6 mi | 102 | $14,422,086 | $139,000 | $141,393 |
| 38138 | Germantown, TN 38138 | 6.4 mi | 116 | $81,826,980 | $509,500 | $705,405 |
| 38141 | Memphis, TN 38141 | 7.4 mi | 52 | $9,722,388 | $184,500 | $186,969 |
| 38107 | Memphis, TN 38107 | 7.7 mi | 104 | $17,337,424 | $141,250 | $166,706 |
| 38128 | Memphis, TN 38128 | 7.8 mi | 142 | $26,221,578 | $169,498 | $184,659 |
| 38018 | Cordova, TN 38018 | 8.0 mi | 141 | $55,623,513 | $354,500 | $394,493 |
| 38139 | Germantown, TN 38139 | 8.7 mi | 68 | $49,873,852 | $628,750 | $733,439 |
| 38125 | Memphis, TN 38125 | 9.0 mi | 65 | $27,889,875 | $315,000 | $429,075 |
As of January 2026, there are 192 active listings in MEMPHIS, TN (zip code 38117), compared to 189 the prior year.
The median listing price in MEMPHIS, TN 38117 is $277,500 as of January 2026, a 9.4% decrease from $306,225 the prior year.
Homes in MEMPHIS, TN 38117 spend an average of 86 days on the market before going under contract, compared to 72 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MEMPHIS, TN 38117 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 86 days on market compared to 72 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38117 save an estimated $5,550 compared to a typical 5% commission on the median listing price of $277,500. 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.