Welcome to this month’s Memphis, Tennessee, real estate market report. What is the housing market like in Memphis? Are housing prices rising or falling? Is now a good time to buy or sell a home in Memphis right now? Find out the answer to these questions and more with this helpful report.

Are you ready to buy a home in Memphis? Start your search here with our home finder tool to locate homes by price, size, location, and more! As you save your favorite homes you want to tour, make sure to 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 but not sure for what price? Find out what your home may be worth with our free home valuation tool. Simply enter some basic information about your home and we will provide you a comprehensive market summary suggesting a listing price for your home. With today’s climbing home prices it is important to price your home accurately and competitively.

Whether you are ready to buy or sell a home, condo, or duplex, call us today at 901-451-2001  and we’ll get you started!

Memphis Housing Stats

The average sale price for single-family homes in Memphis, Tennessee, at the end of October 2021 was $249,100, a year-to-year increase of 3%.

There was a total of 1,929 homes sold last month, an increase of 5.1% compared to the previous October.

There is a total of 2,384 listings available to buyers in Memphis, this includes condo and duplex properties for sale also.

Total inventory dropped month to month, falling from 2,529 total listings at the end of September, to 2,384 at the end of October.

There were 70 new home sales during October in Memphis, this is a year-to-year drop of 15.7%, and the average sale price for new homes climbed 14.4% from one year ago, up from $397,453 to $454,570.

READ THE IN-DEPTH MARKET REPORT HERE!

Market Reports from 2021

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

Market Reports from 2020

August 2020September 2020
October 2020November 2020
December 2020

Browse by Area

 

BartlettCordovaGermantown
LakelandArlington

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

Share