Germantown (Shelby Farms) · Raleigh
Data as of June 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38134) currently shows 90 active listings, with 33 pending sales. Homes are averaging 41 days on the market before going under contract.
Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 41 days on market compared to 35 days last year.
The median listing price has risen 7.9% year-over-year, from $249,700 to $269,400.
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: 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 June 2026, there are 90 active listings in MEMPHIS, TN (zip code 38134), compared to 96 the prior year.
The median listing price in MEMPHIS, TN 38134 is $269,400 as of June 2026, a 7.9% increase from $249,700 the prior year.
Homes in MEMPHIS, TN 38134 spend an average of 41 days on the market before going under contract, compared to 35 days the prior year.
Based on current inventory and days-on-market data as of June 2026, MEMPHIS, TN 38134 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 41 days on market compared to 35 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38134 save an estimated $5,388 compared to a typical 5% commission on the median listing price of $269,400. 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.