Are you looking for a home to buy in Memphis, Tennessee, and frustrated by the big popular real estate search sites? Start your search here using our free home search tool to find homes by price, size, location, and more! Be sure to save your searches and sign up to be notified as soon as new matching properties become available so you don’t miss out!
Are you ready to sell your home or investment property but not sure at what price? Find out what your property may be worth by using our free home valuation tool. Simply enter some basic information about your home and we will provide you a comprehensive market summary suggesting a beginning offering price for your home. Then we will show you how we market and sell your home to the most qualified buyers.
Give us a call today at 901-451-2001 and we’ll get you started!
Memphis Housing Stats
Memphis-area home sales for May increased by 2.3 % from a year ago, with 1,997 total sales recorded. Average sales price from May-to-May was up by 10.8 %, at $265,797. Year-to-Date sales volume increased by 11.4 %, at $2.05 billion.
There were 70 new home sales during May this year in Memphis, this is a year-to-year decrease of 30.7%, and the average sale price for new homes climbed 19.4% from one year ago, up from $379,783 to $453,417.
There were 3 bank-owned properties sold, a drop of 57.1% when compared to the 7 sold during May 2021. Average sales price went down 29.4% from $66,333 to $46,833.
There is a total of 2,191 listings available to buyers in Memphis, this includes single family, condo and duplex properties for sale. The average list price for single-family homes is $359,563, $195,510 for condos, and for duplexes is $262,122. The market total for pending sales is 1,477 for single family, 50 for condo and 34 for duplex with the average list price of $315,381.
Total inventory increased from 2,016 at the end of April to 2,191 at the end of May. May had more sales than a year ago despite rising prices in the grocery store and at the pump.
Market Reports from 2022
|January 2022||February 2022|
|March 2022||April 2022|
Market Reports from 2021
|January 2021||February 2021|
|March 2021||April 2021|
|May 2021||June 2021|
|July 2021||August 2021|
|September 2021||October 2021|
|November 2021||December 2021|
Market Reports from 2020
|August 2020||September 2020|
|October 2020||November 2020|
Browse by Area
Memphis Homes for Sale
Here are the most recent home listings just added to the database in the average sale price for Memphis – all homes here are priced at $249,100 or less