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Memphis, TN real estate

Compare top Memphis real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for October 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Memphis real estate Market Report.

Information and statistics on the latest trends in the Memphis real estate market. *

Latest Rolling 3-Month Snapshot

Jun 1, 2026 - Aug 31, 2026

Median sale price
$187K
-10% from Q2 '26
Median list price
$178K
-10% from Q2 '26
Active listings
5,116
+9.9% from Q2 '26
Homes sold
1,514
+1.4% from Q2 '26
New pendings
1,821
+5.5% from Q2 '26
New listings
2,623
+8.3% from Q2 '26

Quarterly Pricing Trends for Memphis

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Memphis Q3 '21 Q3 '22 Q3 '23 Q3 '24 Q3 '25 Q2 '26 Median sale price in Jul 2021 - Sep 2021: $175K Median sale price in Oct 2021 - Dec 2021: $180K Median sale price in Jan 2022 - Mar 2022: $180K Median sale price in Apr 2022 - Jun 2022: $195K Median sale price in Jul 2022 - Sep 2022: $185K Median sale price in Oct 2022 - Dec 2022: $165K Median sale price in Jan 2023 - Mar 2023: $177K Median sale price in Apr 2023 - Jun 2023: $199K Median sale price in Jul 2023 - Sep 2023: $181K Median sale price in Oct 2023 - Dec 2023: $169K Median sale price in Jan 2024 - Mar 2024: $172K Median sale price in Apr 2024 - Jun 2024: $184K Median sale price in Jul 2024 - Sep 2024: $180K Median sale price in Oct 2024 - Dec 2024: $172K Median sale price in Jan 2025 - Mar 2025: $185K Median sale price in Apr 2025 - Jun 2025: $200K Median sale price in Jul 2025 - Sep 2025: $185K Median sale price in Oct 2025 - Dec 2025: $197K Median sale price in Jan 2026 - Mar 2026: $190K Median sale price in Apr 2026 - Jun 2026: $208K Median list price in Jul 2021 - Sep 2021: $169K Median list price in Oct 2021 - Dec 2021: $165K Median list price in Jan 2022 - Mar 2022: $172K Median list price in Apr 2022 - Jun 2022: $195K Median list price in Jul 2022 - Sep 2022: $185K Median list price in Oct 2022 - Dec 2022: $175K Median list price in Jan 2023 - Mar 2023: $180K Median list price in Apr 2023 - Jun 2023: $197K Median list price in Jul 2023 - Sep 2023: $175K Median list price in Oct 2023 - Dec 2023: $185K Median list price in Jan 2024 - Mar 2024: $185K Median list price in Apr 2024 - Jun 2024: $200K Median list price in Jul 2024 - Sep 2024: $188K Median list price in Oct 2024 - Dec 2024: $175K Median list price in Jan 2025 - Mar 2025: $195K Median list price in Apr 2025 - Jun 2025: $199K Median list price in Jul 2025 - Sep 2025: $190K Median list price in Oct 2025 - Dec 2025: $175K Median list price in Jan 2026 - Mar 2026: $178K Median list price in Apr 2026 - Jun 2026: $199K Jul 2021 - Sep 2021 Median sale price $175K Median list price $169K Oct 2021 - Dec 2021 Median sale price $180K Median list price $165K Jan 2022 - Mar 2022 Median sale price $180K Median list price $172K Apr 2022 - Jun 2022 Median sale price $195K Median list price $195K Jul 2022 - Sep 2022 Median sale price $185K Median list price $185K Oct 2022 - Dec 2022 Median sale price $165K Median list price $175K Jan 2023 - Mar 2023 Median sale price $177K Median list price $180K Apr 2023 - Jun 2023 Median sale price $199K Median list price $197K Jul 2023 - Sep 2023 Median sale price $181K Median list price $175K Oct 2023 - Dec 2023 Median sale price $169K Median list price $185K Jan 2024 - Mar 2024 Median sale price $172K Median list price $185K Apr 2024 - Jun 2024 Median sale price $184K Median list price $200K Jul 2024 - Sep 2024 Median sale price $180K Median list price $188K Oct 2024 - Dec 2024 Median sale price $172K Median list price $175K Jan 2025 - Mar 2025 Median sale price $185K Median list price $195K Apr 2025 - Jun 2025 Median sale price $200K Median list price $199K Jul 2025 - Sep 2025 Median sale price $185K Median list price $190K Oct 2025 - Dec 2025 Median sale price $197K Median list price $175K Jan 2026 - Mar 2026 Median sale price $190K Median list price $178K Apr 2026 - Jun 2026 Median sale price $208K Median list price $199K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
28
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Jun 2026 - Aug 2026).

Inventory in Memphis has grown in this rolling three-month view, with active listings up more than 17 percent from a year ago. New listings have also risen by double digits year over year, giving buyers more options. Even with more homes on the market, closed sales and pending contracts have both edged slightly higher compared with last year, showing that demand is still meeting the added supply.

Home values are adjusting in response to these changing conditions. The typical home value has dipped a bit compared with a year ago, and the median list price is down even more year over year, suggesting sellers are pricing more cautiously. Months of supply has climbed to around five and a half months, a sharp increase from a year ago that points to a more balanced environment between buyers and sellers.

Speed and negotiation power are also shifting. Homes are taking about the same time to sell as last year, but far fewer properties are closing above list price than in 2023, and the share sold above list has fallen by roughly half since the peak two years ago. The average sale-to-list ratio is holding near 96 percent, indicating buyers have a bit more room to negotiate than they did recently. With these nuanced trends in inventory, pricing, and demand, both buyers and sellers in Memphis can benefit from an Agent Pronto–recommended real estate agent who understands the local numbers and how to navigate them.



Learn more about what Memphis has to offer.

Memphis offers residents a vibrant mix of live music, rich culture, welcoming neighborhoods, plentiful green spaces, and a thriving food scene, all anchored by a strong community spirit and ongoing opportunities.

Memphis stands apart from nearby options like Germantown and Collierville with its deep musical roots, Mississippi Riverfront setting, and strong sense of neighborhood pride. From the historic energy of Beale Street to the cultural collections at the Brooks Museum of Art, the city blends rich history with a growing food and arts scene that appeals to long‑time residents and newcomers alike.

Residential pockets feel distinct yet connected. Midtown’s tree‑lined streets near Overton Park offer walkable access to cafes and galleries, while East Memphis features established subdivisions with convenient shopping and top schools such as White Station High School. In Downtown, lofts and condos place you near the River Garden and major employers, making daily life both practical and engaging.

Local flavor shows up in neighborhood favorites from Central BBQ to community events around Tom Lee Park. Whether you are upsizing in Cordova or relocating from Shelby County, understanding how schools, commute patterns, and home styles vary across the city is crucial.

With prices and inventory shifting quickly, timing and preparation matter. The right local agent can help you position a listing effectively or move fast on a new home. Agent Pronto connects both buyers and sellers in Memphis with an agent who understands the market and is ready to act when you are.

Find your Memphis real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“Kaitlyn did an incredible job. She was always available, quick to respond and gave great advice. She is very knowledgeable of the area and helped us out even after the sale was complete. I can't say enough good about her. She is the only agent I will use and recommend in East Tennessee. Thanks for the great service.”

Charles Phillips · Bulls Gap, TN

Photo of Katelyn Warren
Castle & Associates Real Estate
“Shawn is a helpful , knowledgeable, intelligent and easy working with him”

Qussay Al Janabi · Antioch, TN

Photo of Shawn Wright
Century 21 Wright Realty
“When my wife and I set out on our homebuying journey we were nervous about teaming up with the right Realtor. Then we found Jeremiah. Jeremiah is knowledgeable, personable, and a genuinely good guy. He helped us every step of the way through the homebuying process. My wife and I are so thankful and grateful to have had Jeremiah on our team. He is the best of the best.”

Jacob Kimbrough · Mount Carmel, TN

Photo of Jeremiah Frank
Epique Realty
“Brooke sold us two properties, one rural hunting property that will be built on someday and a residential property until then. She serviced both spectrums for us.”

Jerry · Church Hill, TN

Photo of Brooke Shelton
Century 21 Legacy
“Brad was wonderful to work with. He was very patient with us on trying to find our forever home. I would recommend him to anyone who wants someone who listens to you.”

Sue · Shelbyville, TN

Photo of Brad Fowler
Century 21 Wright Realty
“This was the third time dealing with David Edwards and I will always work with David should the opportunity arise again! He is honest and professional and I trust him completely!”

Margaret Rice · Erwin, TN

Photo of David Edwards JR
CENTURY 21 Legacy
“Mike was an excellent agent to work with. He went above and beyond to find out all the information on the property details and answers to all questions we had. He was available anytime we needed. We would recommend him to anyone interested in purchasing or selling a home. He is the best!!”

Robin Cloyd · Jonesborough, TN

Photo of Creation Properties
Century 21 Legacy
“Tracey is the best realtor. She makes stressful negotiations a breeze from start to finish. She is professional but adds her personal touch to all communications and transactions to make you feel like family. I have used Tracey for over 10 years in buying and selling several homes. I would never use another realtor in buying or selling my home.”

Candi Johnson · Talbott, TN

Photo of Tracey Bright
RE/MAX Real Estate Ten Midtown
“Misty was an absolute pleasure to work with! She went above and beyond in the entire home buying process. Misty went out of her way to meet with us to view several potential properties on short notice. Her insight and knowledge were critical in informing my decisions. She walked me through the tough negotiations so I could navigate them confidently. Myself and my family are truly thankful for her help in finding our home!”

Justin Volmos · Waverly, TN

Photo of Misty Kinney
Century 21 Platinum Properties
“I contacted Pronto because we needed to sell a deceased relative's home in Tennessee, while we live in Ohio. Agent Pronto put us in touch with two agents, and we chose Amber Vittetoe who was nothing short of fabulous. She provided us with many resources that we wouldn't have known about since we're not local, and she was extremely responsive 24/7. We couldn't have asked for a better agent. Thank you!”

Sue H. · Sevierville, TN

Photo of Amber Vittetoe
MG Rise Realty
“Khristian was extremely helpful in buying my home. I truly felt at home and at ease working with him. He made sure I was aware of everything going on, and took me to every home I wanted to see.”

Dalton Pharris · Mount Juliet, TN

Photo of First Class Real Estate
Keller Williams First Class Real Estate
“Jessica is an amazing Realtor. She truly cares about the people she works with and goes above and beyond to make her clients transition a smooth one. We just loved working with her and will definitely work with her again. She is great for vacation homes too both in the Smokies and Panama City Beach FL. Her knowledge of short term rentals helped us tremendously.”

Burke · Cosby, TN

Photo of Jessica Weston
Realty One Group Emerald Coast
“Mr. Black made it so for us.”

David Bailey · Palmyra, TN

Photo of Christian Black Team
Century 21 Platinum Properties
“Good service nice response time very polite overall very satisfied stay dangerous Betty lol”

Dion Price · Whiteville, TN

Photo of Betty McGaughey
eXp Realty
“She helped us buy our house, then sell it a few years later. Couldn't recommend more! So communicative, answered all my questions at a timely, proffessional manner. I was probably not the easiest client at times because stress, but she was so calm and reassuring through the whole process! Seriously so grateful for how smoothly this sale went, all with the help of Marie!”

Kristen Curtis · Clarksville, TN

Photo of Marie LaVoise
CENTURY 21 Platinum Properties
“Rolanda was absolutely wonderful to work with during the selling process. She was professional, knowledgeable, resourceful, and patient. She ensured that I was represented well and every step of the way. I highly recommend Rolanda to friends, family, or associates.”

Laurie Rowe Walker · Chattanooga, TN

Photo of Rolanda Pullen Daniel
Coldwell Banker Pryor Realty
“Rasa Baldino proved to be an excellent realtor and was wonderful to work with. She offered valuable recommendations regarding the decor and appearance of our cabin. We implemented those recommendations which helped attract potential buyers and the cabin sold quickly thereafter. We have recommended Rasa to others and will definitely use her again should the opportunity arise.”

Curt 26 Shannon · Pigeon Forge, TN

Photo of Ralph & Rasa Baldino
Century 21 MVP
“Ms. Kimberly Townsend is an awesome realtor! She assisted us in finding our forever home with all our wants. She went over and beyond to make sure all of our needs were met. We truly appreciate her due diligence to property details that buyers would not have notice. She is very knowledgeable and professional. She explained every step of the home buying process in depth. She made this experience enjoyable! Excellent Job, Ms. Townsend.”

Brenda M. · Olive Branch, MS

Photo of Kim Townsend
Century 21 Patterson & Associates
“Miss Candy was very helpful with the sale of the property she knew what she was doing and how to handle all things that needed to be handled. I would recommend her to anyone that needed help with the sell of their property and I will use her again if I need help with selling any property, Thank you so much Miss Candy for helping in the sale of the property.”

Gail Mullican · Smithville, TN

Photo of Candy Vaughn
Keller Williams Realty
“Matthew demonstrated excellent realtor service. From communicating, providing assistance and more, this is tge type of serivice you would look for an a realtor!”

TK · Nashville, TN

Photo of Nashville Advantage
EXP Realty

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Memphis. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.