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MEMPHIS, TN 38126

Real Estate Market Report  ·  Shelby County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
19
⇧ 35.7% vs 14 last year
Pending
5
26% pending ratio
Median Price
$182,500
⇩ 8.8% vs $200,000 last year
Average Price
$193,521
⇧ 3.1% vs $187,732 last year
Days on Market
87
⇧ 2.4% vs 85 days last year

Market Context

Population: 6,034  ·  Density: 1,254.0/mi²  ·  Median household income: $19,844

Typical home value: $72,166  ·  Homeownership: 12.1%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The MEMPHIS, TN real estate market (38126) currently shows 19 active listings, with 5 pending sales. Homes are averaging 87 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 87 days on market compared to 85 days last year.

The median listing price has fallen 8.8% year-over-year, from $200,000 to $182,500.

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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 19 this year vs 14 last year
  • Days on market: 87 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $182,500 (-8.8% YoY)
  • Average: $193,521 (+3.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.2 miles — 1,227 listings ($291,057,894 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38126Memphis, TN 381260.0 mi19$3,676,899$182,500$193,521
38106Memphis, TN 381061.9 mi111$11,898,423$85,250$107,193
38104Memphis, TN 381042.3 mi143$49,279,659$299,000$344,613
38114Memphis, TN 381143.9 mi105$15,963,990$120,525$152,038
38108Memphis, TN 381085.7 mi66$6,157,338$85,000$93,293
38116Memphis, TN 381166.8 mi70$12,959,520$175,000$185,136
72301West Memphis, AR 723017.6 mi107$21,343,290$167,200$199,470
38117Memphis, TN 381177.9 mi192$70,074,240$277,500$364,970
38118Memphis, TN 381189.0 mi102$14,422,086$139,000$141,393
72364Marion, AR 7236410.0 mi64$20,453,568$299,950$319,587
38134Memphis, TN 3813410.9 mi89$21,499,374$240,000$241,566
38671Southaven, MS 3867111.6 mi105$28,806,855$264,900$274,351
38637Horn Lake, MS 3863712.2 mi54$14,522,652$225,000$268,938

Frequently Asked Questions

How many homes are for sale in MEMPHIS, TN 38126?

As of January 2026, there are 19 active listings in MEMPHIS, TN (zip code 38126), compared to 14 the prior year.

What is the median home price in MEMPHIS, TN 38126?

The median listing price in MEMPHIS, TN 38126 is $182,500 as of January 2026, a 8.8% decrease from $200,000 the prior year.

How long do homes stay on the market in MEMPHIS, TN?

Homes in MEMPHIS, TN 38126 spend an average of 87 days on the market before going under contract, compared to 85 days the prior year.

Is it a seller's or buyer's market in MEMPHIS, TN 38126?

Based on current inventory and days-on-market data as of January 2026, MEMPHIS, TN 38126 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 87 days on market compared to 85 days last year.

How much can I save on real estate commission in MEMPHIS, TN?

With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38126 save an estimated $3,650 compared to a typical 5% commission on the median listing price of $182,500. 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.