Active Listings
302
⇧ 71.6% vs 176 last year
Frayser · Hyde Park
Data as of March 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38127) currently shows 302 active listings, with 32 pending sales. Homes are averaging 87 days on the market before going under contract.
Inventory has increased compared to last year, with 126 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 87 days on market compared to 57 days last year.
The median listing price has fallen 2.5% year-over-year, from $109,450 to $106,750.
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: 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 March 2026, there are 302 active listings in MEMPHIS, TN (zip code 38127), compared to 176 the prior year.
The median listing price in MEMPHIS, TN 38127 is $106,750 as of March 2026, a 2.5% decrease from $109,450 the prior year.
Homes in MEMPHIS, TN 38127 spend an average of 87 days on the market before going under contract, compared to 57 days the prior year.
Based on current inventory and days-on-market data as of March 2026, MEMPHIS, TN 38127 is currently a Buyer's Market. Inventory has increased compared to last year, with 126 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 87 days on market compared to 57 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38127 save an estimated $2,135 compared to a typical 5% commission on the median listing price of $106,750. 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.