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Downtown (Core) Greenlaw Hunt Village Medical District Pinch District Uptown Victorian Village

MEMPHIS, TN 38105

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 38105

Downtown (Core) · Greenlaw · Hunt Village · Medical District · Pinch District · Uptown · Victorian Village

Market Analysis

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

The MEMPHIS, TN real estate market (38105) currently shows 16 active listings, with 5 pending sales. Homes are averaging 122 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 122 days on market compared to 49 days last year.

The median listing price has risen 14.2% year-over-year, from $189,125 to $216,000.

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.

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Market Context

Market Context

Population: 5,215  ·  Density: 1,191.2/mi²  ·  Median household income: $26,250

Typical home value: $73,581  ·  Homeownership: 10.0%

Market Overview

Active Listings
16
⇩ 20% vs 20 last year
Pending
5
31% pending ratio
Median Price
$216,000
⇧ 14.2% vs $189,125 last year
Average Price
$295,926
⇧ 51.3% vs $195,620 last year
Days on Market
122
⇧ 149% vs 49 days last year

Price Per Square Foot

Median $/sqft
$152
Median Home Size
1,795 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 16 this year vs 20 last year
  • Days on market: 122 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $216,000 (+14.2% YoY)
  • Average: $295,926 (+51.3% 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 13.1 miles — 1,548 listings ($392,467,926 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38105Memphis, TN 381050.0 mi15$4,303,155$215,000$286,877
38107Memphis, TN 381071.5 mi104$17,337,424$141,250$166,706
38104Memphis, TN 381042.2 mi143$49,279,659$299,000$344,613
38106Memphis, TN 381063.5 mi111$11,898,423$85,250$107,193
38114Memphis, TN 381144.7 mi105$15,963,990$120,525$152,038
38127Memphis, TN 381276.1 mi302$33,773,264$109,900$111,832
38117Memphis, TN 381177.8 mi192$70,074,240$277,500$364,970
72301West Memphis, AR 723018.2 mi107$21,343,290$167,200$199,470
72364Marion, AR 723649.5 mi64$20,453,568$299,950$319,587
38118Memphis, TN 381189.9 mi102$14,422,086$139,000$141,393
38120Memphis, TN 3812010.5 mi96$68,256,192$487,000$711,002
38119Memphis, TN 3811911.8 mi102$36,555,780$314,900$358,390
38671Southaven, MS 3867113.1 mi105$28,806,855$264,900$274,351

Frequently Asked Questions

How many homes are for sale in MEMPHIS, TN 38105?

As of February 2026, there are 16 active listings in MEMPHIS, TN (zip code 38105), compared to 20 the prior year.

What is the median home price in MEMPHIS, TN 38105?

The median listing price in MEMPHIS, TN 38105 is $216,000 as of February 2026, a 14.2% increase from $189,125 the prior year.

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

Homes in MEMPHIS, TN 38105 spend an average of 122 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in MEMPHIS, TN 38105?

Based on current inventory and days-on-market data as of February 2026, MEMPHIS, TN 38105 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 122 days on market compared to 49 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38105 save an estimated $4,320 compared to a typical 5% commission on the median listing price of $216,000. 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.