Data as of January 2026. Source: Realtor.com.
The Memphis, TN real estate market currently shows 2,662 active listings, with 510 pending sales. Homes are averaging 79.4 days on the market before going under contract.
Inventory has increased compared to last year, with 398 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 79.4 days on market compared to 70.6 days last year.
The median listing price has fallen 9.2% year-over-year, from $229,193 to $208,208.
Whether you are buying or selling in Memphis, TN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Memphis: 37501, 37544, 38101, 38103, 38104, 38105, 38106, 38107, 38108, 38109, 38111, 38112
ZIP coverage: 61 · Population: 680,293 · Median household income: $53,836
Typical home value: $153,397 · Homeownership rate: 49.5%