Memphis Area Real Estate Market Report – November 2024
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Memphis Housing Stats
Memphis-area home sales for November decreased 7.7% from a year ago, with 1,139 total sales recorded. Sales were down 4.7% from October, when there were 1,195 total sales. Average sales price from November-to-November was up 5.6%, at $262,706.
Inventory decreased 2.5%, with 3,893 units listed for sale. November average DOM was 52 a 13.3% decrease from the previous month. Sales volume YTD increased 0.8%, to $3.92 billion.
The market total for pending sales is 1,304 for single family, 56 for condo and 18 for duplex with the average list price of $394,555.
Total inventory increased 9.1%, with 3,994 units listed for sale. Read Full Report Here
READ THE IN-DEPTH MARKET REPORT HERE!
Market Reports from 2024
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Market Reports from 2023
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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 $255,511 or less