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Home prices, listings & rents by city and ZIP code.

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Median sale price
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Memphis, TN: housing market trends

The median home sale price in Memphis, TN was $179,914 for the three-month period ending September 2026. Sale prices were 2.7% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$179,914
three-month period ending September 2026
Median sale price per sq ft
$118.02
three-month period ending September 2026
Active listings
4,782
three-month period ending September 2026
Typical monthly rent
$1,232
Rent index · August 2026

How is housing inventory changing?

There were 4,782 active listings for the three-month period ending September 2026. Active listings were 8.8% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 45 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for Memphis, TN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$179,914$118.021,534
Single-familySeptember 2026$185,176$118.761,374
TownhousesSeptember 2026$169,902$117.7924
Condos / co-opsSeptember 2026$147,485$127.2896
Multifamily (2–4 units)September 2026$147,500$82.6746

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for Memphis, TN
MarketMedian sale priceReporting period / source
Germantown, TN$475,000Month ending July 2026 · Zillow
Bartlett, TN$312,500Month ending July 2026 · Zillow
Cordova, TN$289,000Month ending July 2026 · Zillow
Collierville, TN$499,000Month ending July 2026 · Zillow
Millington, TN$289,8523 months ending September 2026 · Redfin
Lakeland, TN$549,6383 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for Memphis, TN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$179,914$118.024,782
August 2026$187,000$119.684,823
July 2026$200,000$125.004,770
June 2026$209,000$128.814,668
May 2026$210,000$129.684,627
April 2026$198,000$122.974,444
March 2026$189,900$118.754,215
February 2026$187,500$118.083,883
January 2026$194,000$122.603,904
December 2025$196,000$125.004,073
November 2025$187,000$125.004,256
October 2025$185,000$126.394,388
September 2025$185,000$127.864,396
August 2025$190,000$130.004,365
July 2025$199,000$132.464,300
June 2025$200,000$133.334,210
May 2025$195,000$130.004,095
April 2025$189,450$125.553,913
March 2025$184,625$124.083,737
February 2025$180,000$121.003,599
January 2025$174,900$121.393,667
December 2024$172,000$121.813,788
November 2024$175,000$124.423,981
October 2024$178,750$124.334,248

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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