Memphis, TN Home Values & Market Trends
Real estate market trends reflect that there have been 8,599 transactions over the past year in Memphis. The median value for residential home transactions that occurred over the previous year is $158,125. The number of current listings in Memphis is 9,709, and the percentage of properties for sale in the city is 9709.00%. Memphis, TN currently has 475 properties in foreclosure, 201 bank owned properties, 274 properties headed for auction, and 9,709 properties for sale.
Memphis, TN Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 38127 | $ 99,000 $ 82/sqft | 38112 | $ 199,825 $ 120/sqft |
| 38111 | $ 165,362 $ 125/sqft | 38108 | $ 79,900 $ 76/sqft |
| 38117 | $ 275,000 $ 169/sqft | 38133 | $ 295,000 $ 156/sqft |
| 38109 | $ 100,000 $ 85/sqft | 38141 | $ 186,349 $ 123/sqft |
| 38128 | $ 144,900 $ 93/sqft | 38115 | $ 169,926 $ 96/sqft |
| 38135 | $ 319,900 $ 140/sqft | 38120 | $ 435,905 $ 167/sqft |
| 38118 | $ 130,000 $ 93/sqft | 38105 | $ 161,912 $ 106/sqft |
| 38134 | $ 239,240 $ 133/sqft | 38103 | $ 250,974 $ 206/sqft |
| 38122 | $ 150,356 $ 120/sqft | 38126 | $ 85,540 $ 66/sqft |
| 38104 | $ 311,843 $ 165/sqft | 38136 | $ -- $ -- |
| 38106 | $ 74,900 $ 62/sqft | 38131 | $ -- $ -- |
| 38116 | $ 159,000 $ 91/sqft | 38188 | $ -- $ -- |
| 38107 | $ 152,176 $ 101/sqft | 38157 | $ -- $ -- |
| 38114 | $ 100,000 $ 85/sqft | 38152 | $ -- $ -- |
| 38125 | $ 269,304 $ 125/sqft | 38132 | $ -- $ -- |
| 38119 | $ 315,000 $ 130/sqft | 38137 | $ -- $ -- |
Housing Market Summary for Memphis, TN
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $187.6K | $189.9K | 1.23% |
| Median Sold Price | $139.5K | $129.3K | -7.37% |
| Homes For Sale | 6,747 | 9,638 | 42.85% |
| Homes Sold | 3,239 | 2,109 | -34.89% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Memphis, TN
Browse Homes in Memphis, TN
Memphis home values range from $9,365 to $4,495,000. The median estimated value of a home in Memphis is $158,125. The median list price of a home is 189,900, and the total count of properties in the city is 12,664.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Memphis, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 32 zips within Memphis, TN; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Memphis, TN ranges from the highest value of $1,150,000 in 38133 to the lowest value of $18,113 in 38106. Bank owned homes and properties account for 1.59% of properties in Memphis, TN. There are 32 zips within Memphis, TN; 38109 containing 26 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions38127 has 28 auction properties, the highest number of properties going to auction in a single zip in the state of Memphis, TN. Auction homes and other auction properties account for 2.16% of all properties in Memphis, TN. There are 32 zips within Memphis, TN; of those zips, the median estimated home value for homes going to auction ranges from $287,540 in 38120 to the lowest value of $21,319 in 38120.
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Guide for Memphis, TN
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
