Active Listings
115
⇧ 30.7% vs 88 last year
Depot · Midtown · New South Memphis · Shadowlawn · South End · South Memphis
Data as of February 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38106) currently shows 115 active listings, with 18 pending sales. Homes are averaging 71 days on the market before going under contract.
Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.
Homes are selling faster, averaging 71 days on market compared to 82 days last year.
The median listing price has fallen 2.1% year-over-year, from $86,000 to $84,200.
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: 23,140 · Density: 859.2/mi² · Median household income: $29,098
Typical home value: $62,711 · Homeownership: 37.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38106 | Memphis, TN 38106 | 0.0 mi | 111 | $11,898,423 | $85,250 | $107,193 |
| 38104 | Memphis, TN 38104 | 2.9 mi | 143 | $49,279,659 | $299,000 | $344,613 |
| 38105 | Memphis, TN 38105 | 3.5 mi | 15 | $4,303,155 | $215,000 | $286,877 |
| 38112 | Memphis, TN 38112 | 4.7 mi | 72 | $19,470,528 | $232,500 | $270,424 |
| 38116 | Memphis, TN 38116 | 5.0 mi | 70 | $12,959,520 | $175,000 | $185,136 |
| 38108 | Memphis, TN 38108 | 6.7 mi | 66 | $6,157,338 | $85,000 | $93,293 |
| 38118 | Memphis, TN 38118 | 7.5 mi | 102 | $14,422,086 | $139,000 | $141,393 |
| 38122 | Memphis, TN 38122 | 7.6 mi | 94 | $17,636,092 | $164,960 | $187,618 |
| 38127 | Memphis, TN 38127 | 9.6 mi | 302 | $33,773,264 | $109,900 | $111,832 |
| 38115 | Memphis, TN 38115 | 10.3 mi | 69 | $9,758,946 | $132,500 | $141,434 |
| 38120 | Memphis, TN 38120 | 10.6 mi | 96 | $68,256,192 | $487,000 | $711,002 |
| 38119 | Memphis, TN 38119 | 10.9 mi | 102 | $36,555,780 | $314,900 | $358,390 |
| 38680 | Walls, MS 38680 | 11.4 mi | 27 | $8,271,828 | $311,950 | $306,364 |
As of February 2026, there are 115 active listings in MEMPHIS, TN (zip code 38106), compared to 88 the prior year.
The median listing price in MEMPHIS, TN 38106 is $84,200 as of February 2026, a 2.1% decrease from $86,000 the prior year.
Homes in MEMPHIS, TN 38106 spend an average of 71 days on the market before going under contract, compared to 82 days the prior year.
Based on current inventory and days-on-market data as of February 2026, MEMPHIS, TN 38106 is currently a Balanced Market. Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice. Homes are selling faster, averaging 71 days on market compared to 82 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38106 save an estimated $1,684 compared to a typical 5% commission on the median listing price of $84,200. 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.