Local Market0 views · 1 answer
How competitive is the Memphis housing market?
P
Primpted Housing Analyst
Updated monthly · Data through September 2026 · v269
- Sold Score
- 38/100
- YoY Challenging Market Conditions
- Pending ratio
- 0.31
- YoY contracts vs active
- Inventory YoY
- +0.1%
- YoY active listings
- Median DOM
- 72
- YoY days on market
- Price cuts
- 38.8%
- YoY of active listings
Memphis is moderately competitive as of September 2026, with a Sold Score of 38/100 (Challenging Market Conditions).
**Pending ratio** is 0.31 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +8.1% — more choices for buyers than a year ago.
**Median days on market** is 72. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 38.8% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (September 2026): Sold Score: 38/100 (Challenging Market Conditions) · Pending ratio: 0.31 · Inventory YoY: +8.1% · Median days on market: 72 · Sellers cutting price: 38.8% · Median listing price: $299,950 (-8.7% YoY)
Memphis snapshot
As of the latest 2026 data- Median listing
- $300K
- YoY -0.1%
- Active inventory
- 5,404
- YoY +0.1%
- Median DOM
- 72
- YoY +0.1%
- Pending ratio
- 0.31
- YoY -0.0%
- Price-reduced
- 24.3%
- YoY +0.0%