Active Listings
125
⇧ 48.8% vs 84 last year
Oakhaven
Data as of July 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38118) currently shows 125 active listings, with 31 pending sales. Homes are averaging 58 days on the market before going under contract.
Inventory has increased compared to last year, with 41 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 58 days on market compared to 43 days last year.
The median listing price has fallen 7.3% year-over-year, from $144,475 to $133,900.
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: 39,373 · Density: 499.0/mi² · Median household income: $41,830
Typical home value: $89,743 · Homeownership: 38.4%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38118 | Memphis, TN 38118 | 0.0 mi | 105 | $15,429,540 | $139,500 | $146,948 |
| 38141 | Memphis, TN 38141 | 4.5 mi | 38 | $7,629,792 | $182,375 | $200,784 |
| 38111 | Memphis, TN 38111 | 5.1 mi | 215 | $52,876,670 | $185,675 | $245,938 |
| 38117 | Memphis, TN 38117 | 5.6 mi | 197 | $74,728,404 | $280,875 | $379,332 |
| 38671 | Southaven, MS 38671 | 6.2 mi | 99 | $26,732,871 | $264,900 | $270,029 |
| 38120 | Memphis, TN 38120 | 7.4 mi | 94 | $64,776,246 | $478,688 | $689,109 |
| 38104 | Memphis, TN 38104 | 7.8 mi | 147 | $51,369,444 | $299,000 | $349,452 |
| 38138 | Germantown, TN 38138 | 8.1 mi | 130 | $88,391,810 | $492,500 | $679,937 |
| 38122 | Memphis, TN 38122 | 8.3 mi | 134 | $23,937,626 | $163,253 | $178,639 |
| 38637 | Horn Lake, MS 38637 | 9.0 mi | 54 | $14,868,684 | $227,000 | $275,346 |
| 38108 | Memphis, TN 38108 | 9.8 mi | 93 | $10,026,609 | $109,250 | $107,813 |
| 38139 | Germantown, TN 38139 | 10.4 mi | 74 | $55,425,778 | $606,200 | $748,997 |
| 38107 | Memphis, TN 38107 | 10.7 mi | 114 | $18,698,622 | $139,900 | $164,023 |
As of July 2026, there are 125 active listings in MEMPHIS, TN (zip code 38118), compared to 84 the prior year.
The median listing price in MEMPHIS, TN 38118 is $133,900 as of July 2026, a 7.3% decrease from $144,475 the prior year.
Homes in MEMPHIS, TN 38118 spend an average of 58 days on the market before going under contract, compared to 43 days the prior year.
Based on current inventory and days-on-market data as of July 2026, MEMPHIS, TN 38118 is currently a Buyer's Market. Inventory has increased compared to last year, with 41 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 58 days on market compared to 43 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38118 save an estimated $2,678 compared to a typical 5% commission on the median listing price of $133,900. 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.