Active Listings
293
⇧ 6.9% vs 274 last year
Frayser · Hyde Park
Data as of July 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38127) currently shows 293 active listings, with 64 pending sales. Homes are averaging 67 days on the market before going under contract.
Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 67 days on market compared to 45 days last year.
The median listing price has fallen 6.5% year-over-year, from $105,250 to $98,450.
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 July 2026, there are 293 active listings in MEMPHIS, TN (zip code 38127), compared to 274 the prior year.
The median listing price in MEMPHIS, TN 38127 is $98,450 as of July 2026, a 6.5% decrease from $105,250 the prior year.
Homes in MEMPHIS, TN 38127 spend an average of 67 days on the market before going under contract, compared to 45 days the prior year.
Based on current inventory and days-on-market data as of July 2026, MEMPHIS, TN 38127 is currently a Buyer's Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 67 days on market compared to 45 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38127 save an estimated $1,969 compared to a typical 5% commission on the median listing price of $98,450. 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.