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Featured local agent — Memphis, FL
Sarah Mitchell
Compass Real Estate · Memphis, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Memphis, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$321,000median sale price
How is the Memphis, FL housing market right now?
The median home sale price in Memphis, FL is $321,000, up 23.5% year-over-year. Homes sell in an average of 35 days with 14 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Memphis a buyer's or seller's market?
Memphis, FL is currently a seller's market, based on 1.8 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
35
Average pace
Active listings
14
1.8 months supply
Sale-to-list
98.0%
Below asking
What does the Memphis housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $321,000 |
| Median list price | $365,000 |
| Year-over-year price change | +23.5% |
| Average days on market | 35 days |
| Active inventory | 14 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $241/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 9 |
| Listings with a price cut | 21.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Memphis by property type?
How the Memphis, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $321,000 | $241/sq ft | 8 | 35 days |
| Townhouse | $199,857 | $151/sq ft | 1 | 97 days |
Source: Redfin · Updated monthly
The Memphis housing market is currently classified as a seller's market with a median sale price of $321,000. Prices have risen 23.5% compared to last year, with homes spending an average of 35 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Memphis
There are currently 14 homes listed for sale in Memphis, Florida. The median listing price is $365K.
Active listings
14
Homes on market
Median list price
$365K
Avg. days on market
35
Days until sale
New this week
9
Newly listed
Who lives in Memphis?
Population
10,626
Median income
$71,967/yr
Median age
35.8 years
Owner-occupied
72.2%
College grads
20.4%
Avg commute
26.6 min
Source: U.S. Census Bureau ACS
What is it like to live in Memphis?
Memphis is a community of approximately 11K residents with a median age of 35.8 years.The median household income is $71,967, which represents a working-class community with solid middle-income opportunities. 20.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Memphis offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Memphis, FL?
Want a head-to-head view? Compare Memphis side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Memphis?
The median home sale price in Memphis is $321,000, up 23.5% from last year.
How long do homes stay on market in Memphis?
Homes typically spend 35 days on market before going under contract.
What is the median income in Memphis?
The median household income is $71,967 per year.
Is Memphis a buyer's or seller's market?
With 1.8 months of supply, Memphis is currently a seller's market.
How much does a single-family home cost in Memphis?
The median single-family home price in Memphis, FL is $321,000 (about $241 per square foot).
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