New listing
20
$15,000
1327 Nicholas St
Memphis, TN 38107
2 bd1 ba945 sqft
House8,276 sqft lot
Est. $54K
Courtney Clark · Keller Williams
More about this property
Memphis, TN Housing Market & Real Estate
Buyer's market-7.1% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Memphis, TN is $171,000, down 7.1% year-over-year. Homes sell in an average of 56 days with 2,147 active listings. The market is currently a buyer's market.
$171,000median sale price
Is Memphis a buyer's or seller's market?
Buyer's market6.1 months of supply56 avg. days on market
Memphis, TN is currently a buyer's market, based on 6.1 months of supply and homes selling in about 56 days. How we determine this →
Homes sold
350
Last 12 weeks
Days on market
56
Average pace
Active listings
2,147
6.1 months supply
Sale-to-list
94.7%
Below asking
Memphis, TN market data
| Metric | Value |
|---|---|
| Median sale price | $171,000 |
| Median list price | $189,900 |
| Year-over-year price change | -7.1% |
| Average days on market | 56 days |
| Active inventory | 2,147 listings |
| Months of supply | 6.1 months |
| Sale-to-list price ratio | 94.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Memphis housing market is currently classified as a buyer's market with a median sale price of $171,000. Prices have fallen 7.1% compared to last year, with homes spending an average of 56 days on market, indicating 6.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Memphis
There are currently 2,147 homes listed for sale in Memphis, Tennessee. The median listing price is $190K. Featured listings range from $15,000 to $1,650,000.
New listing
2
$37,000
999 Leath St
Memphis, TN 38107
2 bd1 ba1,157 sqft
House6,534 sqft lot
Est. $58K
Deborah Williams · 4 Success Realty, LLC
More about this property
New listing
16
$42,500
460 Fox Valley Dr
Memphis, TN 38127
3 bd2 ba1,721 sqft
House6,970 sqft lot
Est. $69KSold 2005 for $65K
Reginald Williams · BROC Properties
More about this property
New listing
2
$49,900
232 S Highland St Apt 803
Memphis, TN 38111
1 bd1 ba675 sqft
Condo2.68 acres
Est. $78KSold 2020 for $53K
Regina Odat · KAIZEN Realty, LLC
More about this property
New listing
36
$69,000
237 W Frank Ave
Memphis, TN 38109
4 bd1 ba1,102 sqft
House11,326 sqft lot
Est. $66K
Angela Watson · Skyline Realty
More about this property
New listing
7
$140,000
3755 Fairmont Ave
Memphis, TN 38122
4 bd4 ba1,108 sqft
Multi-family10,454 sqft lot
Est. $112KSold 2021 for $87K
Stephen Akindona · Kairos Realty
More about this property
New listing
20
$205,000
4450 Tena Dr
Memphis, TN 38128
4 bd3 ba2,054 sqft
House10,890 sqft lot
Est. $213KSold 2019 for $125K
Amanda Bryant · Glenn Rutherford Company, Inc.
More about this property
New listing
27
$230,000
6736 Stone Garden Dr
Memphis, TN 38134
3 bd2 ba1,381 sqft
House4,356 sqft lot
Est. $224KSold 2019 for $154K
James Harvey · Keller Williams
More about this property
New listing
20
$289,000
5333 Mesquite Rd
Memphis, TN 38120
3 bd2 ba1,735 sqft
House10,890 sqft lot
Est. $278KSold 2025 for $167K
Tony Lavelle · BHHS McLemore & Co. Realty
More about this property
New listing
31
$330,000
6584 Lochober Cv
Memphis, TN 38119
3 bd2 ba2,379 sqft
House14,810 sqft lot
Est. $286KSold 2003 for $160K
Cindy Leavell · Marx-Bensdorf, REALTORS
More about this property
New listing
40
$359,900
5702 E Spring Lake Rd
Memphis, TN 38135
4 bd5 ba2,700 sqft
House1.14 acres
Est. $344KSold 2025 for $370K
Jeanette Lin · Pinnacle Realty
More about this property
New listing
23
$1,650,000
1961-1970 Rembert Pl Units 1961,1962,1963
Memphis, TN 38104
14 bd1,116 sqft
Multi-family436 sqft lot
Est. $168KSold 2022 for $1.4M
Ashley Wisch · eXp Realty, LLC
More about this property
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Active listings
2,147
Homes on market
Median list price
$190K
Avg. days on market
56
Days until sale
New this week
673
Newly listed
Price drops:22.9%of listings
Sale-to-list:94.7%
Top public schools in Memphis
50 schools tracked · 43,456 students
The largest public schools serving Memphis, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
White Station High
Grades 9-12 · 1,935 students
Southwind High
Grades 9-12 · 1,622 students
Whitehaven High
Grades 9-12 · 1,549 students
Overton High
Grades 9-12 · 1,491 students
Kingsbury High
Grades 9-12 · 1,327 students
Central High
Grades 9-12 · 1,300 students
Snowden Elementary/Middle
Grades PK-8 · 1,272 students
White Station Middle
Grades 6-8 · 1,091 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Memphis?
The median home sale price in Memphis is $171,000, down 7.1% from last year.
How long do homes stay on market in Memphis?
Homes typically spend 56 days on market before going under contract.
Is Memphis a buyer's or seller's market?
With 6.1 months of supply, Memphis is currently a buyer's market.
How many homes are for sale in Memphis?
There are currently 2147 homes listed for sale in Memphis, TN.
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