Active Listings
142
⇧ 4.4% vs 136 last year
Downtown (Core) · Linden · Medical District · Mid-Second · Mud Island · North Memphis · Pinch District · South Bluff · South End · South Forum · South Main Arts District · Uptown · Victorian Village
Data as of February 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38103) currently shows 142 active listings, with 10 pending sales. Homes are averaging 98 days on the market before going under contract.
Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 98 days on market compared to 91 days last year.
The median listing price has risen 4.1% year-over-year, from $336,125 to $349,950.
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: 13,981 · Density: 2,034.6/mi² · Median household income: $89,851
Typical home value: $376,348 · Homeownership: 34.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38103 | Memphis, TN 38103 | 0.0 mi | 142 | $55,324,194 | $339,000 | $389,607 |
| 38126 | Memphis, TN 38126 | 1.9 mi | 19 | $3,676,899 | $182,500 | $193,521 |
| 38104 | Memphis, TN 38104 | 3.2 mi | 143 | $49,279,659 | $299,000 | $344,613 |
| 38112 | Memphis, TN 38112 | 4.5 mi | 72 | $19,470,528 | $232,500 | $270,424 |
| 38114 | Memphis, TN 38114 | 5.5 mi | 105 | $15,963,990 | $120,525 | $152,038 |
| 38111 | Memphis, TN 38111 | 6.9 mi | 198 | $49,977,576 | $199,900 | $252,412 |
| 38122 | Memphis, TN 38122 | 7.5 mi | 94 | $17,636,092 | $164,960 | $187,618 |
| 38116 | Memphis, TN 38116 | 8.7 mi | 70 | $12,959,520 | $175,000 | $185,136 |
| 38128 | Memphis, TN 38128 | 8.9 mi | 142 | $26,221,578 | $169,498 | $184,659 |
| 38118 | Memphis, TN 38118 | 10.7 mi | 102 | $14,422,086 | $139,000 | $141,393 |
| 38120 | Memphis, TN 38120 | 11.6 mi | 96 | $68,256,192 | $487,000 | $711,002 |
| 38119 | Memphis, TN 38119 | 12.9 mi | 102 | $36,555,780 | $314,900 | $358,390 |
| 38671 | Southaven, MS 38671 | 13.5 mi | 105 | $28,806,855 | $264,900 | $274,351 |
As of February 2026, there are 142 active listings in MEMPHIS, TN (zip code 38103), compared to 136 the prior year.
The median listing price in MEMPHIS, TN 38103 is $349,950 as of February 2026, a 4.1% increase from $336,125 the prior year.
Homes in MEMPHIS, TN 38103 spend an average of 98 days on the market before going under contract, compared to 91 days the prior year.
Based on current inventory and days-on-market data as of February 2026, MEMPHIS, TN 38103 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 98 days on market compared to 91 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38103 save an estimated $6,999 compared to a typical 5% commission on the median listing price of $349,950. 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.