Bryan Realty

Memphis, TN 38117

Single-Family Homes

Market Report / michael@bryanrealty.com



Memphis, TN 38117

Mon Apr 06 2020
This week the median list price for Memphis, TN 38117 is $449,000 with the market action index hovering around 49. This is an increase over last month's market action index of 46. Inventory has held steady at or around 71. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Memphis, TN 38117

Mon Apr 06 2020
This week the median list price for Memphis, TN 38117 is $449,000 with the market action index hovering around 49. This is an increase over last month's market action index of 46. Inventory has held steady at or around 71. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Memphis market.
Median List Price $449,000
Per Square Foot $158
Days on Market 95
Price Decreased 39%
Price Increased 6%
Relisted 7%
Inventory 71
Median Rent $1,100
Most Expensive $1,900,000
Least Expensive $90,000
Market Action 49
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$899,900 5,249 0.5 - 1 acre 5 4 31 1 3 157
$607,000 3,599 0.5 - 1 acre 4 3 65 1 0 138
$349,950 2,499 0.25 - 0.5 acre 4 2 65 4 4 59
$206,950 1,299 8,000 - 10,000 sqft 3 2 65 7 8 26