Verified monthly housing data for Memphis, TN metro area. The national median sale price for the same period was $393,895; neither median describes a specific home.
- Median sale price: $279,259 (-6.9% year over year)
- Closed sales: 1,117 (-6.7% year over year)
- Inventory: 5,380 (+7.3% year over year)
- Median days on market: 50 (+8 days year over year)
For buyers: Inventory is up 7.3% and marketing time is 8 days longer than a year ago. Compare competing listings and ask about concessions; these figures do not guarantee a discount.
For sellers: With a typical 50 days on market, allow time for a sale and review competing inventory before setting your asking price.
Six-month trend
| Month | Price | Sales | Days |
|---|---|---|---|
| 2026-04 | $299,900 | 1,156 | 43 |
| 2026-05 | $310,000 | 1,230 | 42 |
| 2026-06 | $312,275 | 1,129 | 41 |
| 2026-07 | $289,000 | 1,138 | 42 |
| 2026-08 | $298,945 | 1,173 | 47 |
| 2026-09 | $279,259 | 1,117 | 50 |
Reporting period: 2026-09-01 through 2026-09-30. Source revised: 2026-10-07. Retrieved: 2026-10-26. Source geography: Memphis, TN metro area (ID 32820).
Source: Redfin Data Center monthly download. Source methodology.
How to read these figures
Redfin monthly All Residential, all construction; seasonally adjusted where available, except median sale price (not seasonally adjusted). Redfin Metro boundaries can be metro divisions or smaller statistical areas; these are not city limits. Census region follows the first state in the source label for cross-state areas. Monthly data can be revised; weekly publication does not imply weekly measurements.
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