Active Listings
215
— vs 215 last year
Depot · East Memphis · High Point Terrace · Orange Mound · Quince · University District
Data as of February 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38111) currently shows 215 active listings, with 35 pending sales. Homes are averaging 69 days on the market before going under contract.
Inventory levels are unchanged compared to last year.
Homes are taking longer to sell, averaging 69 days on market compared to 58 days last year.
The median listing price has fallen 16.8% year-over-year, from $223,250 to $185,675.
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: 42,322 · Density: 1,671.9/mi² · Median household income: $50,151
Typical home value: $156,586 · Homeownership: 46.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38111 | Memphis, TN 38111 | 0.0 mi | 198 | $49,977,576 | $199,900 | $252,412 |
| 38114 | Memphis, TN 38114 | 2.5 mi | 105 | $15,963,990 | $120,525 | $152,038 |
| 38122 | Memphis, TN 38122 | 3.5 mi | 94 | $17,636,092 | $164,960 | $187,618 |
| 38108 | Memphis, TN 38108 | 4.7 mi | 66 | $6,157,338 | $85,000 | $93,293 |
| 38120 | Memphis, TN 38120 | 5.3 mi | 96 | $68,256,192 | $487,000 | $711,002 |
| 38126 | Memphis, TN 38126 | 5.7 mi | 19 | $3,676,899 | $182,500 | $193,521 |
| 38119 | Memphis, TN 38119 | 5.9 mi | 102 | $36,555,780 | $314,900 | $358,390 |
| 38107 | Memphis, TN 38107 | 6.1 mi | 104 | $17,337,424 | $141,250 | $166,706 |
| 38134 | Memphis, TN 38134 | 6.6 mi | 89 | $21,499,374 | $240,000 | $241,566 |
| 38128 | Memphis, TN 38128 | 8.1 mi | 142 | $26,221,578 | $169,498 | $184,659 |
| 38138 | Germantown, TN 38138 | 8.4 mi | 116 | $81,826,980 | $509,500 | $705,405 |
| 38127 | Memphis, TN 38127 | 9.8 mi | 302 | $33,773,264 | $109,900 | $111,832 |
| 38135 | Memphis, TN 38135 | 10.4 mi | 83 | $28,935,543 | $331,250 | $348,621 |
As of February 2026, there are 215 active listings in MEMPHIS, TN (zip code 38111), compared to 215 the prior year.
The median listing price in MEMPHIS, TN 38111 is $185,675 as of February 2026, a 16.8% decrease from $223,250 the prior year.
Homes in MEMPHIS, TN 38111 spend an average of 69 days on the market before going under contract, compared to 58 days the prior year.
Based on current inventory and days-on-market data as of February 2026, MEMPHIS, TN 38111 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 69 days on market compared to 58 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38111 save an estimated $3,714 compared to a typical 5% commission on the median listing price of $185,675. 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.