Memphis, TN-MS-AR
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Memphis market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Memphis, TN-MS-AR.
The Memphis metropolitan area is characterized by a cooling market condition, driven by a pending ratio of 0.33, which indicates a slower absorption of available inventory. Active listings have expanded by 11.6% year-over-year, contributing to a broader deceleration in market activity.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Jun 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Building permits (private housing units) · Jul 2026
Shows whether future inventory pressure may increase.
U.S. Census Bureau building permits via FRED (St. Louis Fed).
What's moving the Memphis market right now.
Active listings in the Memphis market have expanded by 11.6% over the past year, reaching 5,410 units, while new listings saw a modest increase of 1.9% over the same period. The median listing price declined by 11.8% year-over-year to $300,000, accompanied by a 6.0% decrease in median price per square foot. The pending ratio currently stands at 0.33, a year-over-year decline of 4.6 percentage points, reflecting a reduced pace of demand absorption.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
With a pending ratio of 0.33, the market exhibits characteristics consistent with a more extended absorption period. The significant increase in active listings over the past year suggests diminishing inventory pressure, which may afford buyers greater latitude in negotiating price and terms. This environment places increased emphasis on price discipline for sellers aiming to facilitate transactions.
At the higher price tiers, the average listing price of $358,102 shows a year-over-year decline of 9.3%, which is less pronounced than the 11.8% decline in the median listing price. No distinct luxury-segment signal in this dataset.
5,410 active listings represent the current floor, with new supply arriving at roughly 1,748 per month.
of active listings carry a price reduction, +1.7% from prior period.
Median price per square foot has moved -6.0% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Memphis, TN-MS-AR? Homes here are taking 5 days longer to sell than last year.
Buyers have leverage in Memphis, TN-MS-AR. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 33%
- Median Days on Market
- 66 days
- Inventory YoY
- +12%
In a buyer's market, strategy beats timing. See how your home scores in Memphis, TN-MS-AR and what moves the number.
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