Bryan Realty
Memphis, TN 38117
Single-Family Homes
Market Report / michael@bryanrealty.com
Memphis, TN 38117
Fri Mar 06 2026
This week the median list price for Memphis, TN 38117 is $279,700 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 138.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Real-Time Market Profile
| Median List Price | $279,700 | |
| Median Price of New Listings | $269,250 | |
| Per Square Foot | $167 | |
| Average Days on Market | 139 | |
| Median Days on Market | 91 | |
| Price Decreased | 42% | |
| Price Increased | 1% | |
| Relisted | 9% | |
| Inventory | 138 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $645,000 | 3,364 | 0.25 - 0.5 acre | 4 | 3.5 | 65 | 2 | 6 | 105 |
| $325,000 | 1,699 | 0.25 - 0.5 acre | 3 | 2 | 72 | 1 | 4 | 91 |
| $231,900 | 1,307 | 8,000 - 10,000 sqft | 3 | 2 | 71 | 2 | 4 | 105 |
| $180,000 | 1,299 | 8,000 - 10,000 sqft | 3 | 1 | 71 | 3 | 3 | 66 |