Is Millington, TN 38053 a buyer’s or seller’s market?
Millington is a seller’s market. With about 3.1 months of supply and 16% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 44% of U.S. ZIP codes, and #46 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Millington housing market right now
In the three months ending August 31, 2026, 16% of homes in Millington, TN 38053 sold above their list price, the typical home went under contract in 32 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 82 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (40 days then) and the median sale price fell 7% to $284,877. Overall, Millington is about as competitive as it was a year ago.
Within Shelby County, homes here sell faster than in 53% of the county’s ZIP codes, and sell more often over asking than in 69%. On our competition score, Millington ranks #46 of 299 TN ZIP codes with enough sales (score 44 out of 100).
Nearby, buyers who want less competition could look at Memphis 38105 (0% sold over asking) or Ellendale 38029 (0% sold over asking), while Memphis 38126 (50% sold over asking) and Cordova 38018 (22% sold over asking) are even more competitive.
Run the numbers for 38053
Nearby markets
Arlington 38002Seller’s market $164 /sq ftCollierville 38017Seller’s market $180 /sq ftCordova 38016Seller’s market $133 /sq ftCordova 38018Seller’s market $147 /sq ft Browse all markets →Towns like Millington nearby
Find towns like Millington in other states →Where Millington is
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Questions about Millington real estate
Is Millington a buyer’s or seller’s market?
A seller’s market: there were 3.1 months of supply in Millington, TN 38053 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Millington?
The typical home went under contract in 32 days in the latest three months.
Do homes in Millington sell over asking?
16% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Millington?
About 0.98% of a home’s value a year in Shelby County, or roughly $3,920 on a $400,000 home.
What is the median home price in Millington?
The median sale price was $284,877 in the three months ending August 31, 2026, about $165 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology