Germantown (Shelby Farms) · Raleigh
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.
Population: 42,789 · Density: 889.4/mi² · Median household income: $57,630
Typical home value: $167,200 · Homeownership: 48.8%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38134 | Memphis, TN 38134 | 0.0 mi | 95 | $23,323,355 | $246,875 | $245,509 |
| 38122 | Memphis, TN 38122 | 3.8 mi | 134 | $23,937,626 | $163,253 | $178,639 |
| 38133 | Memphis, TN 38133 | 4.4 mi | 66 | $21,566,358 | $318,700 | $326,763 |
| 38128 | Memphis, TN 38128 | 5.1 mi | 134 | $24,438,250 | $166,225 | $182,375 |
| 38108 | Memphis, TN 38108 | 5.9 mi | 93 | $10,026,609 | $109,250 | $107,813 |
| 38111 | Memphis, TN 38111 | 6.6 mi | 215 | $52,876,670 | $185,675 | $245,938 |
| 38112 | Memphis, TN 38112 | 6.9 mi | 78 | $21,691,098 | $242,475 | $278,091 |
| 38115 | Memphis, TN 38115 | 8.4 mi | 66 | $9,054,804 | $124,725 | $137,194 |
| 38104 | Memphis, TN 38104 | 8.7 mi | 147 | $51,369,444 | $299,000 | $349,452 |
| 38107 | Memphis, TN 38107 | 9.3 mi | 114 | $18,698,622 | $139,900 | $164,023 |
| 38105 | Memphis, TN 38105 | 10.1 mi | 16 | $4,734,816 | $216,000 | $295,926 |
| 38126 | Memphis, TN 38126 | 10.9 mi | 15 | $2,864,100 | $185,000 | $190,940 |
| 38103 | Memphis, TN 38103 | 11.2 mi | 142 | $56,742,916 | $349,950 | $399,598 |
As of September 2026, there are 77 active listings in MEMPHIS, TN (zip code 38134), compared to 97 the prior year.
The median listing price in MEMPHIS, TN 38134 is $257,475 as of September 2026, a 2% increase from $252,500 the prior year.
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.
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.
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.