| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $302,500 | -12.9% YoY |
| Median price per sq ft | $155 | 1,882 sq ft median |
| Median days on market | 64 | +9% YoY |
| Active listings | 5,374 | +14% YoY |
| New listings this month | 1,866 | June 2026 |
| Listings with a price cut | 25% | Share of active |
| Median sale price (closed) | $314,245 | +4.7% YoY |
| Sale-to-list ratio | 97.6% | Closed sales |
| Gross rental yield | 5.0% | 2BR fair market rent |
Secondary metropolitan market · Tennessee · June 2026 data
Memphis Real Estate Market
As of June 2026, the median home listed in Memphis, TN asks $302,500 — down 12.9% year over year. Homes sell in a median of 64 days, with 5,374 active listings and 25% carrying a price cut — a balanced market. Figures come from public records and industry data, updated monthly.
Median listing price
$302,500
▼ 12.9% YoY
Median $ / sq ft
$155
1,882 sq ft median
Median days on market
64
June 2026
Active listings
5,374
For sale now
New listings
1,866
June 2026
Listings with price cuts
25%
Share of active
Median sale price (closed)
$314,245
▲ 4.7% YoY · closed sales
Sale-to-list ratio
97.6%
Closed sales
Homes sold / month
1,264
Closed sales
Memphis housing market statistics
The table summarizes Memphis's key housing figures for June 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data.
How have home prices changed in Memphis?
Memphis home prices are down 12.9% year over year and -0.7% month over month as of June 2026, at a $302,500 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Memphis TN · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Memphis TN · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Memphis?
Memphis has 5,374 active listings, 1,866 new this month, 1,878 pending as of June 2026. About 25% of active listings have cut their price, and inventory sits at 172% of its 2019 level — a balanced market by pace.
Is Memphis a good real estate investment?
Memphis scores 39/100 on WealthyBud's composite Investor Score, ranking #685 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
39/100
#685 of 932 covered metros
Price volatility
Medium
σ 5.6% · 20-yr price-index swings
Memphis scores 39/100 on our composite Investor Score (#685 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 38% over five years and +87% over ten, leaving prices 62% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,263/mo for a two-bedroom, the gross rental yield on the median listing is about 5.0%; active inventory sits at 172% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 12.9% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Memphis ranks on the trending markets index.
How much is a monthly mortgage payment in Memphis?
A home at Memphis's $302,500 median listing runs about $1,518 a month in principal and interest — 20% down on a 30-year fixed loan at the current 6.43% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 5.43%
$1,363/mo
−$155/mo vs today
At today's rate · 6.43%
$1,518/mo
National weekly average
If rates rise 1% · 7.43%
$1,681/mo
+$162/mo vs today
Principal & interest on the $302,500 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.
What is driving the Memphis housing market?
Longer-run demand in Memphis shows up in 3,278 homes permitted in 2025; net migration of -7,061 residents; -0.1% job growth. Natural-hazard risk rates Relatively High. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
3,278
▼ 22.0% vs 2024
2.4 per 1,000 residents
Net migration (2022–2023)
-7,061
▼ people, via tax-return records
net income flow −$468.7M/yr
Job growth (YoY)
-0.1%
▼ 652.4k nonfarm jobs · May 2026
Natural-hazard risk
Relatively High
National hazard index · top hazard: Earthquake
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest Memphis real estate news?
Real Estate Market Trends in Memphis, TN: Prices FallRealtor.com · 2026-05-02→Cities With the Fastest-growing Home Prices in TennesseeStacker · 2026-06-29→Memphis home prices take sharpest drop in U.S.: ReportWREG.com · 2026-06-06→Are homes selling in Memphis in 2026?The Newport Plain Talk · 2026-06-25→
Memphis home prices are experiencing a significant drop, leading the nation in declines amidst varying growth trends elsewhere in Tennessee. — AI-generated summary of the headlines above; read the linked coverage before relying on it.
Headlines collected 2026-07-05; each links to the original publisher.
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Memphis by ZIP code
Median price, pace and inventory for 24 Memphis ZIPs — the spread behind the metro number.
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The highest-producing real estate agents in Memphis, ranked by recent sales.
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Hours, exam and the commission that regulates Tennessee agents.
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What real estate agents actually earn across Tennessee.
ReadMemphis housing market FAQ
What is the median home price in Memphis?
As of June 2026, the median listing price in Memphis, TN is $302,500, down 12.9% year over year (source: public records and industry data).
How much does it cost to buy a home in Memphis?
The median home listed in Memphis asks $302,500 as of June 2026. With 20% down on a 30-year fixed loan at the current 6.43% national average rate, that runs about $1,518 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Memphis?
The median property in Memphis spends 64 days on the market, with 5,374 homes actively listed and 25% of them carrying a price cut — a balanced market by pace as of June 2026.
Is it a buyer's or seller's market in Memphis?
With a median 64 days on market and 25% of active listings carrying a price cut, Memphis reads as a balanced market as of June 2026. Faster sales and fewer price cuts favor sellers; slower sales and more cuts favor buyers. Conditions shift monthly.
Is Memphis a good place to invest in real estate?
Memphis scores 39/100 on WealthyBud's Investor Score, ranking #685 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Memphis?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Memphis and the wider Tennessee market, ranked by recent sales from public profile data.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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