Bryan Realty

Memphis, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Memphis, TN

Thu Dec 01 2022
This week the median list price for Memphis, TN is $189,900 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 1,019. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Memphis, TN

Thu Dec 01 2022
This week the median list price for Memphis, TN is $189,900 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 1,019. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Memphis market.
Median List Price $189,900
Median Price of New Listings $149,900
Per Square Foot $136
Average Days on Market 71
Median Days on Market 42
Price Decreased 45%
Price Increased 2%
Relisted 6%
Inventory 1,019
Median Rent
Market Action 43
Slight Seller's Advantage

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$449,900 2,699 0.25 - 0.5 acre 4 3 37 27 23 42
$249,900 1,699 8,000 - 10,000 sqft 3 2 66 31 26 49
$145,000 1,299 8,000 - 10,000 sqft 3 2 65 63 46 35
$74,000 1,099 6,500 - 8,000 sqft 3 1 73 39 32 49