Active Listings
299
⇧ 5.3% vs 284 last year
Frayser · Hyde Park
Data as of September 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38127) currently shows 299 active listings, with 49 pending sales. Homes are averaging 62 days on the market before going under contract.
Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.
Homes are selling faster, averaging 62 days on market compared to 76 days last year.
The median listing price has fallen 5.4% year-over-year, from $104,600 to $99,000.
Population: 40,565 · Density: 414.7/mi² · Median household income: $34,781
Typical home value: $77,416 · Homeownership: 45.1%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38127 | Memphis, TN 38127 | 0.0 mi | 285 | $32,019,180 | $109,700 | $112,348 |
| 38128 | Memphis, TN 38128 | 5.2 mi | 134 | $24,438,250 | $166,225 | $182,375 |
| 38105 | Memphis, TN 38105 | 6.1 mi | 16 | $4,734,816 | $216,000 | $295,926 |
| 38112 | Memphis, TN 38112 | 6.6 mi | 78 | $21,691,098 | $242,475 | $278,091 |
| 38122 | Memphis, TN 38122 | 7.7 mi | 134 | $23,937,626 | $163,253 | $178,639 |
| 38126 | Memphis, TN 38126 | 7.8 mi | 15 | $2,864,100 | $185,000 | $190,940 |
| 38106 | Memphis, TN 38106 | 9.6 mi | 115 | $11,966,670 | $84,200 | $104,058 |
| 38111 | Memphis, TN 38111 | 9.8 mi | 215 | $52,876,670 | $185,675 | $245,938 |
| 38114 | Memphis, TN 38114 | 9.9 mi | 110 | $16,903,700 | $114,950 | $153,670 |
| 72301 | West Memphis, AR 72301 | 11.6 mi | 104 | $21,340,072 | $180,500 | $205,193 |
| 38133 | Memphis, TN 38133 | 12.7 mi | 66 | $21,566,358 | $318,700 | $326,763 |
| 38119 | Memphis, TN 38119 | 14.6 mi | 105 | $36,298,815 | $299,450 | $345,703 |
| 38016 | Cordova, TN 38016 | 15.1 mi | 146 | $48,018,524 | $327,625 | $328,894 |
As of September 2026, there are 299 active listings in MEMPHIS, TN (zip code 38127), compared to 284 the prior year.
The median listing price in MEMPHIS, TN 38127 is $99,000 as of September 2026, a 5.4% decrease from $104,600 the prior year.
Homes in MEMPHIS, TN 38127 spend an average of 62 days on the market before going under contract, compared to 76 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MEMPHIS, TN 38127 is currently a Balanced Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are selling faster, averaging 62 days on market compared to 76 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38127 save an estimated $1,980 compared to a typical 5% commission on the median listing price of $99,000. 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.