Active Listings
147
⇧ 20.5% vs 122 last year
Central Gardens · Cooper-Young · Downtown (Core) · Linden · Medical District · Midtown · Stonewall Place
Data as of February 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38104) currently shows 147 active listings, with 18 pending sales. Homes are averaging 85 days on the market before going under contract.
Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 85 days on market compared to 69 days last year.
The median listing price has fallen 19.7% year-over-year, from $372,450 to $299,000.
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: 23,408 · Density: 1,825.1/mi² · Median household income: $53,351
Typical home value: $287,967 · Homeownership: 37.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38104 | Memphis, TN 38104 | 0.0 mi | 143 | $49,279,659 | $299,000 | $344,613 |
| 38105 | Memphis, TN 38105 | 2.2 mi | 15 | $4,303,155 | $215,000 | $286,877 |
| 38114 | Memphis, TN 38114 | 2.7 mi | 105 | $15,963,990 | $120,525 | $152,038 |
| 38106 | Memphis, TN 38106 | 2.9 mi | 111 | $11,898,423 | $85,250 | $107,193 |
| 38111 | Memphis, TN 38111 | 3.7 mi | 198 | $49,977,576 | $199,900 | $252,412 |
| 38122 | Memphis, TN 38122 | 4.9 mi | 94 | $17,636,092 | $164,960 | $187,618 |
| 38116 | Memphis, TN 38116 | 6.9 mi | 70 | $12,959,520 | $175,000 | $185,136 |
| 38128 | Memphis, TN 38128 | 7.8 mi | 142 | $26,221,578 | $169,498 | $184,659 |
| 38120 | Memphis, TN 38120 | 8.6 mi | 96 | $68,256,192 | $487,000 | $711,002 |
| 38115 | Memphis, TN 38115 | 9.6 mi | 69 | $9,758,946 | $132,500 | $141,434 |
| 72301 | West Memphis, AR 72301 | 9.9 mi | 107 | $21,343,290 | $167,200 | $199,470 |
| 38135 | Memphis, TN 38135 | 11.4 mi | 83 | $28,935,543 | $331,250 | $348,621 |
| 38671 | Southaven, MS 38671 | 11.7 mi | 105 | $28,806,855 | $264,900 | $274,351 |
As of February 2026, there are 147 active listings in MEMPHIS, TN (zip code 38104), compared to 122 the prior year.
The median listing price in MEMPHIS, TN 38104 is $299,000 as of February 2026, a 19.7% decrease from $372,450 the prior year.
Homes in MEMPHIS, TN 38104 spend an average of 85 days on the market before going under contract, compared to 69 days the prior year.
Based on current inventory and days-on-market data as of February 2026, MEMPHIS, TN 38104 is currently a Buyer's Market. Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 85 days on market compared to 69 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38104 save an estimated $5,980 compared to a typical 5% commission on the median listing price of $299,000. 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.