Active Listings
302
⇧ 91.1% vs 158 last year
Population: 40,565 · Density: 414.7/mi² · Median household income: $34,781
Typical home value: $77,416 · Homeownership: 45.1%
Data as of January 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38127) currently shows 302 active listings, with 39 pending sales. Homes are averaging 92 days on the market before going under contract.
Inventory has increased compared to last year, with 144 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 92 days on market compared to 65 days last year.
The median listing price has fallen 0.9% year-over-year, from $110,925 to $109,900.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38127 | Memphis, TN 38127 | 0.0 mi | 302 | $33,773,264 | $109,900 | $111,832 |
| 38128 | Memphis, TN 38128 | 5.2 mi | 142 | $26,221,578 | $169,498 | $184,659 |
| 38105 | Memphis, TN 38105 | 6.1 mi | 15 | $4,303,155 | $215,000 | $286,877 |
| 38112 | Memphis, TN 38112 | 6.6 mi | 72 | $19,470,528 | $232,500 | $270,424 |
| 38122 | Memphis, TN 38122 | 7.7 mi | 94 | $17,636,092 | $164,960 | $187,618 |
| 38126 | Memphis, TN 38126 | 7.8 mi | 19 | $3,676,899 | $182,500 | $193,521 |
| 38106 | Memphis, TN 38106 | 9.6 mi | 111 | $11,898,423 | $85,250 | $107,193 |
| 38111 | Memphis, TN 38111 | 9.8 mi | 198 | $49,977,576 | $199,900 | $252,412 |
| 38114 | Memphis, TN 38114 | 9.9 mi | 105 | $15,963,990 | $120,525 | $152,038 |
| 72301 | West Memphis, AR 72301 | 11.6 mi | 107 | $21,343,290 | $167,200 | $199,470 |
| 38133 | Memphis, TN 38133 | 12.7 mi | 65 | $20,764,120 | $314,975 | $319,448 |
| 38116 | Memphis, TN 38116 | 14.2 mi | 70 | $12,959,520 | $175,000 | $185,136 |
| 38118 | Memphis, TN 38118 | 14.8 mi | 102 | $14,422,086 | $139,000 | $141,393 |
As of January 2026, there are 302 active listings in MEMPHIS, TN (zip code 38127), compared to 158 the prior year.
The median listing price in MEMPHIS, TN 38127 is $109,900 as of January 2026, a 0.9% decrease from $110,925 the prior year.
Homes in MEMPHIS, TN 38127 spend an average of 92 days on the market before going under contract, compared to 65 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MEMPHIS, TN 38127 is currently a Buyer's Market. Inventory has increased compared to last year, with 144 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 92 days on market compared to 65 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38127 save an estimated $2,198 compared to a typical 5% commission on the median listing price of $109,900. 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.