Active Listings
260
⇧ 15% vs 226 last year
East Memphis · Quince · Walnut Grove
Data as of July 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38117) currently shows 260 active listings, with 59 pending sales. Homes are averaging 66 days on the market before going under contract.
Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice.
Homes are selling faster, averaging 66 days on market compared to 67 days last year.
The median listing price has fallen 10.4% year-over-year, from $326,225 to $292,450.
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: 26,430 · Density: 1,086.8/mi² · Median household income: $91,680
Typical home value: $263,838 · Homeownership: 78.1%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38117 | Memphis, TN 38117 | 0.0 mi | 197 | $74,728,404 | $280,875 | $379,332 |
| 38120 | Memphis, TN 38120 | 3.1 mi | 94 | $64,776,246 | $478,688 | $689,109 |
| 38119 | Memphis, TN 38119 | 4.2 mi | 105 | $36,298,815 | $299,450 | $345,703 |
| 38114 | Memphis, TN 38114 | 4.7 mi | 110 | $16,903,700 | $114,950 | $153,670 |
| 38134 | Memphis, TN 38134 | 5.0 mi | 95 | $23,323,355 | $246,875 | $245,509 |
| 38118 | Memphis, TN 38118 | 5.6 mi | 105 | $15,429,540 | $139,500 | $146,948 |
| 38138 | Germantown, TN 38138 | 6.4 mi | 130 | $88,391,810 | $492,500 | $679,937 |
| 38106 | Memphis, TN 38106 | 7.5 mi | 115 | $11,966,670 | $84,200 | $104,058 |
| 38105 | Memphis, TN 38105 | 7.8 mi | 16 | $4,734,816 | $216,000 | $295,926 |
| 38126 | Memphis, TN 38126 | 7.9 mi | 15 | $2,864,100 | $185,000 | $190,940 |
| 38116 | Memphis, TN 38116 | 8.2 mi | 72 | $13,091,688 | $171,725 | $181,829 |
| 38103 | Memphis, TN 38103 | 8.9 mi | 142 | $56,742,916 | $349,950 | $399,598 |
| 38135 | Memphis, TN 38135 | 9.1 mi | 82 | $28,023,090 | $326,850 | $341,745 |
As of July 2026, there are 260 active listings in MEMPHIS, TN (zip code 38117), compared to 226 the prior year.
The median listing price in MEMPHIS, TN 38117 is $292,450 as of July 2026, a 10.4% decrease from $326,225 the prior year.
Homes in MEMPHIS, TN 38117 spend an average of 66 days on the market before going under contract, compared to 67 days the prior year.
Based on current inventory and days-on-market data as of July 2026, MEMPHIS, TN 38117 is currently a Balanced Market. Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice. Homes are selling faster, averaging 66 days on market compared to 67 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38117 save an estimated $5,849 compared to a typical 5% commission on the median listing price of $292,450. 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.