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City / Town Overview

Memphis, TN

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Memphis, TN real estate market currently shows 3,394 active listings, with 712 pending sales. Homes are averaging 75.7 days on the market before going under contract.

Inventory has increased compared to last year, with 335 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 75.7 days on market compared to 65.9 days last year.

The median listing price has fallen 11.5% year-over-year, from $229,747 to $203,384.

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Market Context

Market Context

Population: 680,293  ·  Density: 977.8/mi²  ·  Median household income: $53,836

Typical home value: $153,397  ·  Homeownership: 49.5%

Included Areas

Memphis: 37501, 37544, 38101, 38103, 38105, 38106, 38107, 38108, 38109, 38111, 38113, 38117

Midtown: 38104, 38112, 38151

Hickory Hill: 38115, 38141

Orange Mound: 38114

Whitehaven: 38116

Parkway Village: 38118

Area Map

Market Overview

Active Listings
3,394
⇧ 11% vs 3,059 last year
Pending
712
21% pending ratio
Median Price
$203,384
⇩ 11.5% vs $229,747 last year
Average Price
$237,715
⇩ 12.7% vs $272,202 last year
Days on Market
75.7
⇧ 14.9% vs 66 days last year

Price Per Square Foot

Median $/sqft
$128
⇩ 4.7% vs $134/sqft last year
Median Home Size
1,530 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
100%
Listings with no price change
Price Reduced
0%
—

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %