Data as of March 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38125) currently shows 67 active listings, with 22 pending sales. Homes are averaging 53 days on the market before going under contract.
Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 53 days on market compared to 68 days last year.
The median listing price has fallen 15.1% year-over-year, from $372,488 to $316,250.
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: 43,305 · Density: 879.9/mi² · Median household income: $80,116
Typical home value: $206,337 · Homeownership: 55.6%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38125 | Memphis, TN 38125 | 0.0 mi | 64 | $29,145,728 | $330,225 | $455,402 |
| 38138 | Germantown, TN 38138 | 4.1 mi | 130 | $88,391,810 | $492,500 | $679,937 |
| 38115 | Memphis, TN 38115 | 4.7 mi | 66 | $9,054,804 | $124,725 | $137,194 |
| 38654 | Olive Branch, MS 38654 | 6.5 mi | 330 | $142,347,480 | $399,975 | $431,356 |
| 38018 | Cordova, TN 38018 | 7.9 mi | 153 | $65,400,003 | $359,000 | $427,451 |
| 38017 | Collierville, TN 38017 | 8.2 mi | 321 | $226,867,392 | $610,975 | $706,752 |
| 38111 | Memphis, TN 38111 | 10.5 mi | 215 | $52,876,670 | $185,675 | $245,938 |
| 38672 | Southaven, MS 38672 | 10.9 mi | 102 | $40,251,648 | $385,500 | $394,624 |
| 38122 | Memphis, TN 38122 | 11.8 mi | 134 | $23,937,626 | $163,253 | $178,639 |
| 38671 | Southaven, MS 38671 | 12.4 mi | 99 | $26,732,871 | $264,900 | $270,029 |
| 38133 | Memphis, TN 38133 | 13.0 mi | 66 | $21,566,358 | $318,700 | $326,763 |
| 38611 | Byhalia, MS 38611 | 13.6 mi | 83 | $35,262,135 | $369,563 | $424,845 |
| 38104 | Memphis, TN 38104 | 14.2 mi | 147 | $51,369,444 | $299,000 | $349,452 |
As of March 2026, there are 67 active listings in MEMPHIS, TN (zip code 38125), compared to 84 the prior year.
The median listing price in MEMPHIS, TN 38125 is $316,250 as of March 2026, a 15.1% decrease from $372,488 the prior year.
Homes in MEMPHIS, TN 38125 spend an average of 53 days on the market before going under contract, compared to 68 days the prior year.
Based on current inventory and days-on-market data as of March 2026, MEMPHIS, TN 38125 is currently a Seller's Market. Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 53 days on market compared to 68 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38125 save an estimated $6,325 compared to a typical 5% commission on the median listing price of $316,250. 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.