Active Listings
209
⇧ 69.9% vs 123 last year
Hyde Park · Jackson · Raleigh
Data as of September 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38128) currently shows 209 active listings, with 59 pending sales. Homes are averaging 68 days on the market before going under contract.
Inventory has increased compared to last year, with 86 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 68 days on market compared to 59 days last year.
The median listing price has fallen 14% year-over-year, from $168,700 to $145,000.
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 September 2026, there are 209 active listings in MEMPHIS, TN (zip code 38128), compared to 123 the prior year.
The median listing price in MEMPHIS, TN 38128 is $145,000 as of September 2026, a 14% decrease from $168,700 the prior year.
Homes in MEMPHIS, TN 38128 spend an average of 68 days on the market before going under contract, compared to 59 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MEMPHIS, TN 38128 is currently a Buyer's Market. Inventory has increased compared to last year, with 86 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 68 days on market compared to 59 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.