Active Listings
107
⇩ 14.4% vs 125 last year
East Memphis · Germantown (Shelby Farms) · River Oaks · Walnut Grove
Data as of September 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38120) currently shows 107 active listings, with 19 pending sales. Homes are averaging 68 days on the market before going under contract.
Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 68 days on market compared to 70 days last year.
The median listing price has fallen 14.5% year-over-year, from $519,700 to $444,250.
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 September 2026, there are 107 active listings in MEMPHIS, TN (zip code 38120), compared to 125 the prior year.
The median listing price in MEMPHIS, TN 38120 is $444,250 as of September 2026, a 14.5% decrease from $519,700 the prior year.
Homes in MEMPHIS, TN 38120 spend an average of 68 days on the market before going under contract, compared to 70 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MEMPHIS, TN 38120 is currently a Seller's Market. Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 68 days on market compared to 70 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38120 save an estimated $8,885 compared to a typical 5% commission on the median listing price of $444,250. 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.