Active Listings
118
⇩ 3.3% vs 122 last year
East Memphis · Germantown (Shelby Farms) · River Oaks · Walnut Grove
Data as of July 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38120) currently shows 118 active listings, with 23 pending sales. Homes are averaging 70 days on the market before going under contract.
Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 70 days on market compared to 53 days last year.
The median listing price has fallen 13% year-over-year, from $520,000 to $452,250.
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 July 2026, there are 118 active listings in MEMPHIS, TN (zip code 38120), compared to 122 the prior year.
The median listing price in MEMPHIS, TN 38120 is $452,250 as of July 2026, a 13% decrease from $520,000 the prior year.
Homes in MEMPHIS, TN 38120 spend an average of 70 days on the market before going under contract, compared to 53 days the prior year.
Based on current inventory and days-on-market data as of July 2026, MEMPHIS, TN 38120 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 70 days on market compared to 53 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38120 save an estimated $9,045 compared to a typical 5% commission on the median listing price of $452,250. 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.