Memphis Area Real Estate Market Report – This Month 2022
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Memphis Housing Stats
Memphis-area home sales for October decreased 24.8 % from a year ago, with 1,456 total sales recorded. Average sales price was up 2 %, at $253,975.
There were 62 new home sales for October this year in Memphis, a decrease of 18.4% from last year’s 76 new home sales, and the average sale price for new homes decreased 0.4% from one year ago, up from $447,449 to $445,701.
There were 7 bank-owned properties sold with average sales price of $150,616.
There is a total of 3,054 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 $376,021, $224,906 for condos, and for duplexes is $198,503. The market total for pending sales is 1,050 for single family, 42 for condo and 11 for duplex with the average list price of $309,869.
Total inventory increased from 2,935 at the end of September to 3,054 at the end of October.
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Market Reports from 2022
| January 2022 | February 2022 |
| March 2022 | April 2022 |
| May 2022 | June 2022 |
| July 2022 | August 2022 |
| September 2022 | October 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 |
| December 2020 |
Browse by Area
| Bartlett | Cordova | Germantown |
| Lakeland | Arlington |
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
