Active Listings
154
⇧ 21.3% vs 127 last year
Hyde Park · Jackson · Raleigh
Data as of March 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38128) currently shows 154 active listings, with 35 pending sales. Homes are averaging 51 days on the market before going under contract.
Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 51 days on market compared to 50 days last year.
The median listing price has fallen 4.7% year-over-year, from $162,500 to $154,925.
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 March 2026, there are 154 active listings in MEMPHIS, TN (zip code 38128), compared to 127 the prior year.
The median listing price in MEMPHIS, TN 38128 is $154,925 as of March 2026, a 4.7% decrease from $162,500 the prior year.
Homes in MEMPHIS, TN 38128 spend an average of 51 days on the market before going under contract, compared to 50 days the prior year.
Based on current inventory and days-on-market data as of March 2026, MEMPHIS, TN 38128 is currently a Buyer's Market. Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 51 days on market compared to 50 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38128 save an estimated $3,099 compared to a typical 5% commission on the median listing price of $154,925. 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.