Active Listings
102
⇧ 88.9% vs 54 last year
Population: 39,373 · Density: 499.0/mi² · Median household income: $41,830
Typical home value: $89,743 · Homeownership: 38.4%
Data as of January 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38118) currently shows 102 active listings, with 21 pending sales. Homes are averaging 72 days on the market before going under contract.
Inventory has increased compared to last year, with 48 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 72 days on market compared to 67 days last year.
The median listing price has risen 2.4% year-over-year, from $135,700 to $139,000.
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 $ |
|---|---|---|---|---|---|---|
| 38118 | Memphis, TN 38118 | 0.0 mi | 102 | $14,422,086 | $139,000 | $141,393 |
| 38141 | Memphis, TN 38141 | 4.5 mi | 52 | $9,722,388 | $184,500 | $186,969 |
| 38111 | Memphis, TN 38111 | 5.1 mi | 198 | $49,977,576 | $199,900 | $252,412 |
| 38117 | Memphis, TN 38117 | 5.6 mi | 192 | $70,074,240 | $277,500 | $364,970 |
| 38671 | Southaven, MS 38671 | 6.2 mi | 105 | $28,806,855 | $264,900 | $274,351 |
| 38120 | Memphis, TN 38120 | 7.4 mi | 96 | $68,256,192 | $487,000 | $711,002 |
| 38104 | Memphis, TN 38104 | 7.8 mi | 143 | $49,279,659 | $299,000 | $344,613 |
| 38138 | Germantown, TN 38138 | 8.1 mi | 116 | $81,826,980 | $509,500 | $705,405 |
| 38122 | Memphis, TN 38122 | 8.3 mi | 94 | $17,636,092 | $164,960 | $187,618 |
| 38637 | Horn Lake, MS 38637 | 9.0 mi | 54 | $14,522,652 | $225,000 | $268,938 |
| 38108 | Memphis, TN 38108 | 9.8 mi | 66 | $6,157,338 | $85,000 | $93,293 |
| 38139 | Germantown, TN 38139 | 10.4 mi | 68 | $49,873,852 | $628,750 | $733,439 |
| 38107 | Memphis, TN 38107 | 10.7 mi | 104 | $17,337,424 | $141,250 | $166,706 |
As of January 2026, there are 102 active listings in MEMPHIS, TN (zip code 38118), compared to 54 the prior year.
The median listing price in MEMPHIS, TN 38118 is $139,000 as of January 2026, a 2.4% increase from $135,700 the prior year.
Homes in MEMPHIS, TN 38118 spend an average of 72 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 January 2026, MEMPHIS, TN 38118 is currently a Buyer's Market. Inventory has increased compared to last year, with 48 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 72 days on market compared to 67 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38118 save an estimated $2,780 compared to a typical 5% commission on the median listing price of $139,000. 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.