Active Listings
100
⇧ 17.6% vs 85 last year
East Memphis · Germantown (Shelby Farms) · River Oaks · Walnut Grove
Data as of March 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38120) currently shows 100 active listings, with 28 pending sales. Homes are averaging 81 days on the market before going under contract.
Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 81 days on market compared to 55 days last year.
The median listing price has fallen 2% year-over-year, from $495,000 to $484,930.
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 March 2026, there are 100 active listings in MEMPHIS, TN (zip code 38120), compared to 85 the prior year.
The median listing price in MEMPHIS, TN 38120 is $484,930 as of March 2026, a 2% decrease from $495,000 the prior year.
Homes in MEMPHIS, TN 38120 spend an average of 81 days on the market before going under contract, compared to 55 days the prior year.
Based on current inventory and days-on-market data as of March 2026, MEMPHIS, TN 38120 is currently a Buyer's Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 81 days on market compared to 55 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38120 save an estimated $9,699 compared to a typical 5% commission on the median listing price of $484,930. 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.