Memphis, TN Foreclosures
Current Market Conditions in in Memphis, TN As of April 2026?
In the past month, the Memphis real estate market has remained competitive, with a slight increase in home prices reflecting ongoing demand. The average days on market have decreased modestly, indicating that homes are being snatched up quickly. This trend signifies a resilient market, driven by steady job growth and increasing interest from both local and out-of-state buyers looking to relocate to Memphis.
How much do homes sell for in Memphis, TN?
The average home price is currently $243,154.
In Memphis, TN, how many homes are available?
There are currently 87 active home listings available in Memphis.
What’s the average rental cost in Memphis, TN?
The average rental price in Memphis is $1,177.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $96,079,800.
What is currently the cheapest priced home in Memphis, TN?
The cheapest home for sale in Memphis is priced at $10,004.
Living in Memphis, TN
Memphis, TN is a historic city known for its deep musical roots and vibrant culture. It's home to iconic landmarks like Beale Street and Graceland, offering diverse entertainment options for residents and visitors alike. With a combination of rich history, family-friendly attractions, and a variety of neighborhoods, Memphis is a dynamic place to live and explore.
Buyer vs Seller Market in Memphis, TN
The Memphis real estate market has shown steady growth in recent years, characterized by increasing home values and a stable demand for housing. The city boasts a mix of urban and suburban living, attracting families, young professionals, and retirees alike. As of recent data, the market is considered favorable for both buyers and sellers, with inventory levels steady and decent appreciation rates observed.
In recent months, homes in Memphis have typically sold within a month of listing, reflecting the city's appealing amenities and lifestyle. The rental market is also robust, catering to those looking for temporary living arrangements or investment opportunities.
Home Value Estimator For Memphis, TN
There are currently 214,239 real estate properties
in Memphis, TN,
with a median automated valuation model (AVM) price
of $151,455.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Memphis, TN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Memphis, TN,
is $243,154.00, with the most expensive house
in Memphis, TN, topping out
at $96,079,800.00 and the cheapest home
in Memphis, TN,
clocking in at $10,004.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Memphis, TN!
Rent Prices
In Memphis, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Memphis, TN, is on
a rollercoaster ride. The
average rent price in Memphis, TN,
is $1,177.00. Indeed, when looking to rent in
Memphis, TN, you can expect to pay as little
as $460.00 or as much
as $4,140.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Memphis, TN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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