Memphis, TN housing market
In Memphis, TN, 1,264 homes sold during May 2026 and the typical one went for $314,245. The typical sale took 37 days. Buyers and sellers are about evenly matched right now.
Over the last 36 months the typical sale price here went from $297,250 to $314,245 — up 6%.
1,809 homes came on the market during May 2026, and 1,264 sold.
Every number on this page is from Redfin's published market data for the Memphis, TN area. We do not adjust it, and we say which months it covers.
Questions people ask about Memphis, TN
- When is the best month to sell a house in Memphis, TN?
- How long does it take to sell a house in Memphis, TN?
- Do homes sell above asking price in Memphis, TN?
- Are home prices going up or down in Memphis, TN?
- Is Memphis, TN a buyer's market or a seller's market?
- How many homes are for sale in Memphis, TN?
Are you the agent for Memphis, TN?
We build this page's numbers into a one-page report with your name, brokerage and phone on it, for up to three areas you work — emailed to you fresh every month. Forward it to clients. $49 a month, cancel anytime.
See a real sample report first — no email needed.
Nearby markets
- Nashville, TN
- Knoxville, TN
- Clarksville, TN
- Kingsport, TN
- Johnson City, TN
- Morristown, TN
- Jackson, TN
- Sevierville, TN
- Tullahoma, TN
- Cleveland, TN
Source: Redfin's published market data for the Memphis, TN area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin.