Welcome to this month’s Memphis, Tennessee, real estate market report. How have home sales and sale prices behaved over the last month, are home prices higher this year than one year ago? Read this helpful report to find out.

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Memphis Housing Stats

The average sale price for a single-family in Memphis, Tennessee, at the end of September 2021 was $240,539, a year-to-year increase of 6.6%.

There were 2,149 properties sold during the month of September, which is 17.6% higher than the previous September.

September just saw 76 new home sales, in line with the 77 sold during this time one year ago.

There were five bank-owned properties sold last month, a drop of 79.2% when compared to the 24 sold during September 2020.

There were 105 condo properties sold last month and 45 condos went under contract during September.

Total inventory for the month dropped from 2,659 during August to 2,529 listings available to buyers at the end of September.

READ THE IN-DEPTH MARKET REPORT HERE!

Market Reports from 2021

January 2021February 2021
March 2021April 2021
May 2021June 2021
July 2021August 2021
September 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 $240,539 or less.

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