Data as of March 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38135) currently shows 90 active listings, with 34 pending sales. Homes are averaging 57 days on the market before going under contract.
Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 57 days on market compared to 38 days last year.
The median listing price has fallen 12.2% year-over-year, from $370,000 to $325,000.
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: 30,917 · Density: 926.3/mi² · Median household income: $88,987
Typical home value: $233,988 · Homeownership: 81.7%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38135 | Memphis, TN 38135 | 0.0 mi | 82 | $28,023,090 | $326,850 | $341,745 |
| 38134 | Memphis, TN 38134 | 4.3 mi | 95 | $23,323,355 | $246,875 | $245,509 |
| 38016 | Cordova, TN 38016 | 6.5 mi | 146 | $48,018,524 | $327,625 | $328,894 |
| 38108 | Memphis, TN 38108 | 7.8 mi | 93 | $10,026,609 | $109,250 | $107,813 |
| 38018 | Cordova, TN 38018 | 8.4 mi | 153 | $65,400,003 | $359,000 | $427,451 |
| 38053 | Millington, TN 38053 | 8.8 mi | 98 | $32,136,748 | $318,990 | $327,926 |
| 38127 | Memphis, TN 38127 | 9.5 mi | 285 | $32,019,180 | $109,700 | $112,348 |
| 38111 | Memphis, TN 38111 | 10.4 mi | 215 | $52,876,670 | $185,675 | $245,938 |
| 38119 | Memphis, TN 38119 | 11.0 mi | 105 | $36,298,815 | $299,450 | $345,703 |
| 38104 | Memphis, TN 38104 | 11.4 mi | 147 | $51,369,444 | $299,000 | $349,452 |
| 38105 | Memphis, TN 38105 | 12.1 mi | 16 | $4,734,816 | $216,000 | $295,926 |
| 38028 | Eads, TN 38028 | 12.7 mi | 53 | $64,101,698 | $749,475 | $1,209,466 |
| 38103 | Memphis, TN 38103 | 13.0 mi | 142 | $56,742,916 | $349,950 | $399,598 |
As of March 2026, there are 90 active listings in MEMPHIS, TN (zip code 38135), compared to 76 the prior year.
The median listing price in MEMPHIS, TN 38135 is $325,000 as of March 2026, a 12.2% decrease from $370,000 the prior year.
Homes in MEMPHIS, TN 38135 spend an average of 57 days on the market before going under contract, compared to 38 days the prior year.
Based on current inventory and days-on-market data as of March 2026, MEMPHIS, TN 38135 is currently a Buyer's Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 57 days on market compared to 38 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38135 save an estimated $6,500 compared to a typical 5% commission on the median listing price of $325,000. 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.