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MEMPHIS, TN 38133

Real Estate Market Report
Buyer's Market
July 2026  ·  Source: Realtor.com

Market Analysis

Data as of July 2026. Source: Realtor.com.

The MEMPHIS, TN real estate market (38133) currently shows 100 active listings, with 32 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 63 days on market compared to 46 days last year.

The median listing price has fallen 9% year-over-year, from $359,975 to $327,475.

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.

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Market Context

Market Context

Population: 21,383  ·  Density: 635.8/mi²  ·  Median household income: $74,775

Typical home value: $214,000  ·  Homeownership: 70.1%

Market Overview

Active Listings
100
⇧ 29.9% vs 77 last year
Pending
32
32% pending ratio
Median Price
$327,475
⇩ 9% vs $359,975 last year
Average Price
$350,297
⇩ 14.4% vs $409,102 last year
Days on Market
63
⇧ 37% vs 46 days last year

Price Per Square Foot

Median $/sqft
$168
Median Home Size
1,897 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 100 this year vs 77 last year
  • Days on market: 63 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $327,475 (-9% YoY)
  • Average: $350,297 (-14.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 13.3 miles — 1,497 listings ($511,703,015 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38133Memphis, TN 381330.0 mi66$21,566,358$318,700$326,763
38135Memphis, TN 381353.6 mi82$28,023,090$326,850$341,745
38018Cordova, TN 380185.4 mi153$65,400,003$359,000$427,451
38002Arlington, TN 380027.1 mi203$109,530,477$545,720$539,559
38122Memphis, TN 381228.2 mi134$23,937,626$163,253$178,639
38139Germantown, TN 381399.0 mi74$55,425,778$606,200$748,997
38028Eads, TN 380289.2 mi53$64,101,698$749,475$1,209,466
38108Memphis, TN 381089.9 mi93$10,026,609$109,250$107,813
38112Memphis, TN 3811211.2 mi78$21,691,098$242,475$278,091
38053Millington, TN 3805312.2 mi98$32,136,748$318,990$327,926
38127Memphis, TN 3812712.7 mi285$32,019,180$109,700$112,348
38125Memphis, TN 3812513.0 mi64$29,145,728$330,225$455,402
38107Memphis, TN 3810713.3 mi114$18,698,622$139,900$164,023

Frequently Asked Questions

How many homes are for sale in MEMPHIS, TN 38133?

As of July 2026, there are 100 active listings in MEMPHIS, TN (zip code 38133), compared to 77 the prior year.

What is the median home price in MEMPHIS, TN 38133?

The median listing price in MEMPHIS, TN 38133 is $327,475 as of July 2026, a 9% decrease from $359,975 the prior year.

How long do homes stay on the market in MEMPHIS, TN?

Homes in MEMPHIS, TN 38133 spend an average of 63 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in MEMPHIS, TN 38133?

Based on current inventory and days-on-market data as of July 2026, MEMPHIS, TN 38133 is currently a Buyer's Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 63 days on market compared to 46 days last year.

How much can I save on real estate commission in MEMPHIS, TN?

With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38133 save an estimated $6,550 compared to a typical 5% commission on the median listing price of $327,475. 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.