Bryan Realty
Memphis, TN 38117
Single-Family Homes
Market Report / michael@bryanrealty.com
Memphis, TN 38117
Thu Jun 04 2026
This week the median list price for Memphis, TN 38117 is $297,500 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 189.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $297,500 | |
| Median Price of New Listings | $289,500 | |
| Per Square Foot | $164 | |
| Average Days on Market | 103 | |
| Median Days on Market | 56 | |
| Price Decreased | 57% | |
| Price Increased | 2% | |
| Relisted | 6% | |
| Inventory | 189 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
Prices in this zip code seem to have settled around a plateau. 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 |
|---|---|---|---|---|---|---|---|---|
| $630,000 | 3,899 | 0.5 - 1 acre | 4 | 3.5 | 61 | 3 | 3 | 70 |
| $344,900 | 1,499 | 0.25 - 0.5 acre | 3 | 2 | 71 | 2 | 2 | 42 |
| $262,000 | 1,450 | 8,000 - 10,000 sqft | 3 | 2 | 72 | 4 | 2 | 49 |
| $198,500 | 1,299 | 8,000 - 10,000 sqft | 3 | 1.5 | 71 | 3 | 2 | 70 |