Active Listings
118
⇩ 2.5% vs 121 last year
East Memphis · Germantown (Shelby Farms) · River Oaks · Walnut Grove
Data as of June 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38120) currently shows 118 active listings, with 27 pending sales. Homes are averaging 58 days on the market before going under contract.
Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 58 days on market compared to 55 days last year.
The median listing price has fallen 10% year-over-year, from $530,000 to $476,825.
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 June 2026, there are 118 active listings in MEMPHIS, TN (zip code 38120), compared to 121 the prior year.
The median listing price in MEMPHIS, TN 38120 is $476,825 as of June 2026, a 10% decrease from $530,000 the prior year.
Homes in MEMPHIS, TN 38120 spend an average of 58 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 June 2026, MEMPHIS, TN 38120 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 58 days on market compared to 55 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38120 save an estimated $9,537 compared to a typical 5% commission on the median listing price of $476,825. 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.