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MILLINGTON, TN 38053

Real Estate Market Report  ·  Shelby County
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The MILLINGTON, TN real estate market (38053) currently shows 98 active listings, with 42 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 66 days on market compared to 61 days last year.

The median listing price has fallen 2.1% year-over-year, from $325,995 to $318,990.

Whether you are buying or selling in MILLINGTON, 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: 25,556  ·  Density: 60.8/mi²  ·  Median household income: $57,012

Typical home value: $173,219  ·  Homeownership: 67.0%

Market Overview

Active Listings
98
⇧ 18.1% vs 83 last year
Pending
42
43% pending ratio
Median Price
$318,990
⇩ 2.1% vs $325,995 last year
Average Price
$327,926
⇩ 8.6% vs $358,975 last year
Days on Market
66
⇧ 8.2% vs 61 days last year

Price Per Square Foot

Median $/sqft
$177
⇩ 36.1% vs $277/sqft last year
Median Home Size
1,823 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 98 this year vs 83 last year
  • Days on market: 66 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $318,990 (-2.1% YoY)
  • Average: $327,926 (-8.6% 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 15.8 miles — 1,568 listings ($444,107,118 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38053Millington, TN 380530.0 mi92$30,959,380$315,945$336,515
38127Memphis, TN 381277.8 mi302$33,773,264$109,900$111,832
38023Drummonds, TN 380239.6 mi6$3,621,798$374,950$603,633
38058Munford, TN 3805811.2 mi54$19,900,188$385,000$368,522
38134Memphis, TN 3813412.1 mi89$21,499,374$240,000$241,566
38133Memphis, TN 3813312.2 mi65$20,764,120$314,975$319,448
38112Memphis, TN 3811213.1 mi72$19,470,528$232,500$270,424
38103Memphis, TN 3810314.0 mi142$55,324,194$339,000$389,607
38104Memphis, TN 3810414.4 mi143$49,279,659$299,000$344,613
38016Cordova, TN 3801615.2 mi149$49,009,229$325,000$328,921
38117Memphis, TN 3811715.5 mi192$70,074,240$277,500$364,970
38111Memphis, TN 3811115.6 mi198$49,977,576$199,900$252,412
72364Marion, AR 7236415.8 mi64$20,453,568$299,950$319,587

Frequently Asked Questions

How many homes are for sale in MILLINGTON, TN 38053?

As of February 2026, there are 98 active listings in MILLINGTON, TN (zip code 38053), compared to 83 the prior year.

What is the median home price in MILLINGTON, TN 38053?

The median listing price in MILLINGTON, TN 38053 is $318,990 as of February 2026, a 2.1% decrease from $325,995 the prior year.

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

Homes in MILLINGTON, TN 38053 spend an average of 66 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in MILLINGTON, TN 38053?

Based on current inventory and days-on-market data as of February 2026, MILLINGTON, TN 38053 is currently a Buyer's Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 66 days on market compared to 61 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MILLINGTON, TN 38053 save an estimated $6,380 compared to a typical 5% commission on the median listing price of $318,990. 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.