Active Listings
204
⇧ 67.2% vs 122 last year
Hyde Park · Jackson · Raleigh
Data as of July 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38128) currently shows 204 active listings, with 61 pending sales. Homes are averaging 62 days on the market before going under contract.
Inventory has increased compared to last year, with 82 more homes available — giving buyers more choice.
Homes are selling faster, averaging 62 days on market compared to 70 days last year.
The median listing price has fallen 15.2% year-over-year, from $170,975 to $145,000.
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: 44,400 · Density: 725.2/mi² · Median household income: $40,497
Typical home value: $112,156 · Homeownership: 41.8%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38128 | Memphis, TN 38128 | 0.0 mi | 134 | $24,438,250 | $166,225 | $182,375 |
| 38135 | Memphis, TN 38135 | 4.4 mi | 82 | $28,023,090 | $326,850 | $341,745 |
| 38134 | Memphis, TN 38134 | 5.1 mi | 95 | $23,323,355 | $246,875 | $245,509 |
| 38112 | Memphis, TN 38112 | 6.1 mi | 78 | $21,691,098 | $242,475 | $278,091 |
| 38133 | Memphis, TN 38133 | 7.5 mi | 66 | $21,566,358 | $318,700 | $326,763 |
| 38117 | Memphis, TN 38117 | 7.8 mi | 197 | $74,728,404 | $280,875 | $379,332 |
| 38105 | Memphis, TN 38105 | 8.1 mi | 16 | $4,734,816 | $216,000 | $295,926 |
| 38120 | Memphis, TN 38120 | 8.2 mi | 94 | $64,776,246 | $478,688 | $689,109 |
| 38126 | Memphis, TN 38126 | 9.6 mi | 15 | $2,864,100 | $185,000 | $190,940 |
| 38016 | Cordova, TN 38016 | 9.9 mi | 146 | $48,018,524 | $327,625 | $328,894 |
| 38018 | Cordova, TN 38018 | 10.9 mi | 153 | $65,400,003 | $359,000 | $427,451 |
| 38138 | Germantown, TN 38138 | 12.1 mi | 130 | $88,391,810 | $492,500 | $679,937 |
| 38002 | Arlington, TN 38002 | 13.0 mi | 203 | $109,530,477 | $545,720 | $539,559 |
As of July 2026, there are 204 active listings in MEMPHIS, TN (zip code 38128), compared to 122 the prior year.
The median listing price in MEMPHIS, TN 38128 is $145,000 as of July 2026, a 15.2% decrease from $170,975 the prior year.
Homes in MEMPHIS, TN 38128 spend an average of 62 days on the market before going under contract, compared to 70 days the prior year.
Based on current inventory and days-on-market data as of July 2026, MEMPHIS, TN 38128 is currently a Balanced Market. Inventory has increased compared to last year, with 82 more homes available — giving buyers more choice. Homes are selling faster, averaging 62 days on market compared to 70 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38128 save an estimated $2,900 compared to a typical 5% commission on the median listing price of $145,000. 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.