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Germantown (Shelby Farms) Raleigh

MEMPHIS, TN 38134

Real Estate Market Report  ·  Shelby County
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 38134

Germantown (Shelby Farms) · Raleigh

Market Analysis

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

The MEMPHIS, TN real estate market (38134) currently shows 77 active listings, with 30 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 62 days on market compared to 48 days last year.

The median listing price has risen 2% year-over-year, from $252,500 to $257,475.

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Market Context

Market Context

Population: 42,789  ·  Density: 889.4/mi²  ·  Median household income: $57,630

Typical home value: $167,200  ·  Homeownership: 48.8%

Market Overview

Active Listings
77
⇩ 20.6% vs 97 last year
Pending
30
39% pending ratio
Median Price
$257,475
⇧ 2% vs $252,500 last year
Average Price
$297,738
⇧ 15.7% vs $257,397 last year
Days on Market
62
⇧ 29.2% vs 48 days last year

Price Per Square Foot

Median $/sqft
$146
⇩ 0.7% vs $147/sqft last year
Median Home Size
1,741 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 77 this year vs 97 last year
  • Days on market: 62 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $257,475 (+2% YoY)
  • Average: $297,738 (+15.7% 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 11.2 miles — 1,315 listings ($321,324,668 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38134Memphis, TN 381340.0 mi95$23,323,355$246,875$245,509
38122Memphis, TN 381223.8 mi134$23,937,626$163,253$178,639
38133Memphis, TN 381334.4 mi66$21,566,358$318,700$326,763
38128Memphis, TN 381285.1 mi134$24,438,250$166,225$182,375
38108Memphis, TN 381085.9 mi93$10,026,609$109,250$107,813
38111Memphis, TN 381116.6 mi215$52,876,670$185,675$245,938
38112Memphis, TN 381126.9 mi78$21,691,098$242,475$278,091
38115Memphis, TN 381158.4 mi66$9,054,804$124,725$137,194
38104Memphis, TN 381048.7 mi147$51,369,444$299,000$349,452
38107Memphis, TN 381079.3 mi114$18,698,622$139,900$164,023
38105Memphis, TN 3810510.1 mi16$4,734,816$216,000$295,926
38126Memphis, TN 3812610.9 mi15$2,864,100$185,000$190,940
38103Memphis, TN 3810311.2 mi142$56,742,916$349,950$399,598

Frequently Asked Questions

How many homes are for sale in MEMPHIS, TN 38134?

As of September 2026, there are 77 active listings in MEMPHIS, TN (zip code 38134), compared to 97 the prior year.

What is the median home price in MEMPHIS, TN 38134?

The median listing price in MEMPHIS, TN 38134 is $257,475 as of September 2026, a 2% increase from $252,500 the prior year.

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

Homes in MEMPHIS, TN 38134 spend an average of 62 days on the market before going under contract, compared to 48 days the prior year.

Is it a seller's or buyer's market in MEMPHIS, TN 38134?

Based on current inventory and days-on-market data as of September 2026, MEMPHIS, TN 38134 is currently a Balanced Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 62 days on market compared to 48 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 38134 save an estimated $5,150 compared to a typical 5% commission on the median listing price of $257,475. 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.