Active Listings
126
⇧ 23.5% vs 102 last year
Oakhaven
Data as of September 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38118) currently shows 126 active listings, with 30 pending sales. Homes are averaging 85 days on the market before going under contract.
Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 85 days on market compared to 50 days last year.
The median listing price has fallen 7.1% year-over-year, from $139,913 to $129,950.
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 September 2026, there are 126 active listings in MEMPHIS, TN (zip code 38118), compared to 102 the prior year.
The median listing price in MEMPHIS, TN 38118 is $129,950 as of September 2026, a 7.1% decrease from $139,913 the prior year.
Homes in MEMPHIS, TN 38118 spend an average of 85 days on the market before going under contract, compared to 50 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MEMPHIS, TN 38118 is currently a Buyer's Market. Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 85 days on market compared to 50 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38118 save an estimated $2,599 compared to a typical 5% commission on the median listing price of $129,950. 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.