Welcome to this month’s Memphis, Tennessee, real estate market report. Fall is when we typically see the market start to slow down. Let’s find out on this report if prices and sales fall for this season.

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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.


Market Reports from 2022

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March 2022April 2022
May 2022June 2022
July 2022August 2022
September 2022October 2022

Market Reports from 2021

January 2021February 2021
March 2021April 2021
May 2021June 2021
July 2021August 2021
September 2021October 2021
November 2021December 2021

Market Reports from 2020

August 2020September 2020
October 2020November 2020
December 2020

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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 $249,100 or less