RealTrends Market Report

Memphis, TN

Single-Family Homes

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Memphis, TN

Sat May 31 2025
This week the median list price for Memphis, TN is $229,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 1,618. Click here to stay informed with the Memphis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Memphis, TN

Sat May 31 2025
This week the median list price for Memphis, TN is $229,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 1,618. Click here to stay informed with the Memphis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Memphis market.
Median List Price $229,000
Median Price of New Listings $202,500
Per Square Foot $149
Average Days on Market 121
Median Days on Market 63
Price Decreased 44%
Price Increased 1%
Relisted 6%
Inventory 1,618
Median Rent
Market Action 35
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$515,000 3,000 0.25 - 0.5 acre 4 3 49 32 26 63
$285,000 1,600 8,000 - 10,000 sqft 3 2 70 33 42 63
$170,000 1,200 6,500 - 8,000 sqft 3 2 69 36 49 63
$94,900 1,000 6,500 - 8,000 sqft 3 1 74 39 43 70