Scenic Hills is seeing a mixed set of shifts in the latest rolling three‑month view ending in May 2026, with some indicators cooling while others pick up. Median list prices have dipped modestly month over month, down a few percent, even as the typical home value has inched higher, and homes sold rose compared with the prior period. Active listings have edged lower, and pending sales have fallen sharply from the previous three months, hinting at softer near‑term demand. At the same time, months of supply has ticked up slightly but still points to limited inventory overall.
Looking over the past year adds helpful context for these monthly changes. The typical home value in Scenic Hills is nearly double its level from a year ago, and the number of homes sold has also more than doubled, underscoring how much activity has expanded. Inventory is up compared with last year, yet months of supply is significantly lower than it was, signaling that buyers have fewer options relative to demand. Homes are spending far longer on the market year over year, suggesting that pricing and expectations may be adjusting.
Compared with the broader Memphis market, Scenic Hills has a higher median sale price and much leaner supply, supporting its classification as a seller’s market. Despite that, only about a third of recent sales closed above list price, and the average sale‑to‑list ratio sits just over 97 percent, so negotiation still matters. Whether you are a buyer trying to navigate these changing conditions or a seller aiming to position your home well, Agent Pronto can connect you with a local agent who understands Scenic Hills.
