Memphis, TN Housing Market 2026: What Homes Actually Sell For

Memphis produces a steady stream of closings but little consensus: sales over the last six months span a range wide enough that the median is a midpoint between different markets, not a going rate. The distribution below matters more than the headline.

The snapshot

• •Closings tracked, last 6 months: 3,566
• •Median sold price, last 6 months: $150,000
• •Median of MLS-listed sales alone, last 6 months: $180,000
• •Median sold $/sqft, last 6 months: $104
• •Middle half of sales closed between: $81,000 and $255,000

What the numbers say

Resideline tracked 3,566 closed sales in Memphis over the last six months, with a median closing price of $150,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $81,000 and $255,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. The large tracked sample provides substantial market-level evidence. 88% of the Memphis closings we track here are single-family houses, so these figures primarily reflect that segment, and the citywide $/sqft figure primarily reflects that segment as well. Across the 3,225 closings with usable living area, the middle half sold between $64 and $149 per square foot.

Figures last updated October 3, 2026 from closings Resideline tracked.

Median home price in Memphis, TN (October 2026)

The median home price in Memphis is $150,000, measured across the 3,566 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $81,000 and $255,000.

Where Memphis sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Memphis over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $81,000 and $255,000. Among the 70 Tennessee markets with a published band, Memphis's middle-half spread ($81,000 to $255,000) ranks 69th from the narrowest. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 28 days, across 1,872 Memphis closings Resideline tracked in the last six months
• •Contract to closing: a median of 30 days, across 1,769 Memphis closings Resideline tracked in the last six months

The Memphis angle

Memphis carries one of the wider closed-sale spreads Resideline tracks, ranking in the top 10% we track for band width, and no citywide figure survives that intact. Across 3,566 closings Resideline tracked over the last six months, the median closed sale price was $150,000, and the middle half of sales closed between $81,000 and $255,000. Both quartiles sit a long way from the center, which means two homes on the same street can each be perfectly ordinary sales at very different numbers. What makes the market tractable is depth: comp volume ranks in the top 10% we track, so the right approach is to match tightly on the characteristics your subject actually has and rebuild the picture from those closings alone.

What is being reported about the Memphis market

The numbers above are what we measure from tracked closings. Alongside them, here is what local and national coverage is reporting, from the source:

• •The Memphis Area Association of Realtors' July 2026 Memphis Area Home Sales Report showed 1,363 total home sales recorded in Shelby, Fayette and Tipton counties in July, up 1.0% from 1,349 in July 2025, with a median sales price of $240,000 (up 0.4% year over year) and an average sales price of $307,473 (up 3.2%). The report also showed year-to-date sales of 8,308, down 6.5% from 2025, and active listings rising to 5,192 in July 2026 from 4,601 a year earlier (Memphis Area Association of Realtors (MAAR), Aug 10, 2026)

Memphis market data by ZIP code

Citywide medians hide block-by-block variation. Resideline publishes free, regularly refreshed market snapshots for Memphis ZIP codes: 38127 · 38117 · 38111 · 38128 · 38109 · 38135 · 38112 · 38118 · 38119 · 38120 · 38122.

From market read to offer price

A spread this wide means the citywide number cannot price a specific address; the step that matters is the property-level read. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator, rehab cost estimator, BRRRR calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Memphis address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Memphis, TN
Geography: incorporated municipality, Census place 4748000
Data updated: October 2026
Analysis period: last six months
Tracked closings: 3,566
Median sold price: $150,000
Median sold $/sqft: $104 (3,225 qualifying)
Property mix: 88% houses
https://resideline.com/blog/memphis-housing-market-2026

Writing about this market? Paste this into your post:

<a href="https://resideline.com/blog/memphis-housing-market-2026">
  <img src="https://resideline.com/images/embed/memphis.png" alt="Memphis, TN home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
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<p>Source: <a href="https://resideline.com/blog/memphis-housing-market-2026">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Memphis over the last six months, and is refreshed when the data is. The closings we track within the Memphis city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 29% of the 3,566 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $180,000.