The Memphis, TN housing market currently shows a median sale price of $292,425 — up +0.7% year-over-year. Homes are selling in an average of 49 days, with 207 active listings available.
With 1.2 months of inventory, Memphis is currently a seller's market. Sellers hold the leverage — well-priced homes move fast and often attract multiple offers. Buyers should be ready to act decisively and lead with strong offers. Price per square foot sits at $146.
In the last 30 days, 67 homes have sold in this market. Real estate agents in Memphis use MarketPulse to send branded weekly market updates to past clients, helping them stay top-of-mind and earn repeat business.
Quick answers based on the latest market data.