Active Listings
99
⇩ 12.4% vs 113 last year
East Memphis · Germantown (Shelby Farms) · River Oaks · Walnut Grove
Data as of April 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38120) currently shows 99 active listings, with 26 pending sales. Homes are averaging 54 days on the market before going under contract.
Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 54 days on market compared to 60 days last year.
The median listing price has fallen 0.7% year-over-year, from $499,450 to $495,875.
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: 13,554 · Density: 544.0/mi² · Median household income: $112,700
Typical home value: $424,129 · Homeownership: 74.2%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38120 | Memphis, TN 38120 | 0.0 mi | 94 | $64,776,246 | $478,688 | $689,109 |
| 38117 | Memphis, TN 38117 | 3.1 mi | 197 | $74,728,404 | $280,875 | $379,332 |
| 38138 | Germantown, TN 38138 | 4.0 mi | 130 | $88,391,810 | $492,500 | $679,937 |
| 38115 | Memphis, TN 38115 | 4.8 mi | 66 | $9,054,804 | $124,725 | $137,194 |
| 38111 | Memphis, TN 38111 | 5.3 mi | 215 | $52,876,670 | $185,675 | $245,938 |
| 38016 | Cordova, TN 38016 | 6.5 mi | 146 | $48,018,524 | $327,625 | $328,894 |
| 38112 | Memphis, TN 38112 | 7.2 mi | 78 | $21,691,098 | $242,475 | $278,091 |
| 38141 | Memphis, TN 38141 | 7.4 mi | 38 | $7,629,792 | $182,375 | $200,784 |
| 38125 | Memphis, TN 38125 | 7.7 mi | 64 | $29,145,728 | $330,225 | $455,402 |
| 38135 | Memphis, TN 38135 | 8.0 mi | 82 | $28,023,090 | $326,850 | $341,745 |
| 38104 | Memphis, TN 38104 | 8.6 mi | 147 | $51,369,444 | $299,000 | $349,452 |
| 38105 | Memphis, TN 38105 | 10.5 mi | 16 | $4,734,816 | $216,000 | $295,926 |
| 38126 | Memphis, TN 38126 | 10.8 mi | 15 | $2,864,100 | $185,000 | $190,940 |
As of April 2026, there are 99 active listings in MEMPHIS, TN (zip code 38120), compared to 113 the prior year.
The median listing price in MEMPHIS, TN 38120 is $495,875 as of April 2026, a 0.7% decrease from $499,450 the prior year.
Homes in MEMPHIS, TN 38120 spend an average of 54 days on the market before going under contract, compared to 60 days the prior year.
Based on current inventory and days-on-market data as of April 2026, MEMPHIS, TN 38120 is currently a Seller's Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 54 days on market compared to 60 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38120 save an estimated $9,918 compared to a typical 5% commission on the median listing price of $495,875. 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.