Active Listings
96
⇧ 33.3% vs 72 last year
Population: 13,554 · Density: 544.0/mi² · Median household income: $112,700
Typical home value: $424,129 · Homeownership: 74.2%
Data as of January 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38120) currently shows 96 active listings, with 22 pending sales. Homes are averaging 99 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 99 days on market compared to 85 days last year.
The median listing price has risen 14.7% year-over-year, from $424,725 to $487,000.
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 $ |
|---|---|---|---|---|---|---|
| 38120 | Memphis, TN 38120 | 0.0 mi | 96 | $68,256,192 | $487,000 | $711,002 |
| 38117 | Memphis, TN 38117 | 3.1 mi | 192 | $70,074,240 | $277,500 | $364,970 |
| 38088 | Cordova, TN 38088 | 4.0 mi | 1 | $139,000 | $139,000 | $139,000 |
| 38122 | Memphis, TN 38122 | 4.6 mi | 94 | $17,636,092 | $164,960 | $187,618 |
| 38018 | Cordova, TN 38018 | 5.0 mi | 141 | $55,623,513 | $354,500 | $394,493 |
| 38139 | Germantown, TN 38139 | 6.0 mi | 68 | $49,873,852 | $628,750 | $733,439 |
| 38133 | Memphis, TN 38133 | 7.0 mi | 65 | $20,764,120 | $314,975 | $319,448 |
| 38108 | Memphis, TN 38108 | 7.3 mi | 66 | $6,157,338 | $85,000 | $93,293 |
| 38118 | Memphis, TN 38118 | 7.4 mi | 102 | $14,422,086 | $139,000 | $141,393 |
| 38114 | Memphis, TN 38114 | 7.8 mi | 105 | $15,963,990 | $120,525 | $152,038 |
| 38128 | Memphis, TN 38128 | 8.2 mi | 142 | $26,221,578 | $169,498 | $184,659 |
| 38107 | Memphis, TN 38107 | 10.2 mi | 104 | $17,337,424 | $141,250 | $166,706 |
| 38106 | Memphis, TN 38106 | 10.6 mi | 111 | $11,898,423 | $85,250 | $107,193 |
As of January 2026, there are 96 active listings in MEMPHIS, TN (zip code 38120), compared to 72 the prior year.
The median listing price in MEMPHIS, TN 38120 is $487,000 as of January 2026, a 14.7% increase from $424,725 the prior year.
Homes in MEMPHIS, TN 38120 spend an average of 99 days on the market before going under contract, compared to 85 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MEMPHIS, TN 38120 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 99 days on market compared to 85 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38120 save an estimated $9,740 compared to a typical 5% commission on the median listing price of $487,000. 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.