RealTrends Market Report
Memphis, TN
Single-Family Homes
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Memphis, TN
Sat May 23 2026
This week the median list price for Memphis, TN is $169,500 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has increased to 2,141.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $169,500 | |
| Median Price of New Listings | $210,000 | |
| Per Square Foot | $113 | |
| Average Days on Market | 118 | |
| Median Days on Market | 70 | |
| Price Decreased | 43% | |
| Price Increased | 2% | |
| Relisted | 6% | |
| Inventory | 2,141 | |
| Median Rent | ||
| Market Action | 32 | |
| Slight Seller's Advantage | ||
Prices have been hovering around the market’s high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $425,000 | 3,099 | 0.25 - 0.5 acre | 4 | 2.5 | 67 | 53 | 39 | 56 |
| $220,000 | 1,429 | 8,000 - 10,000 sqft | 3 | 2 | 71 | 56 | 41 | 63 |
| $134,500 | 1,267 | 8,000 - 10,000 sqft | 3 | 1.5 | 71 | 31 | 40 | 77 |
| $85,000 | 999 | 6,500 - 8,000 sqft | 3 | 1 | 73 | 30 | 39 | 77 |