Memphis, United States Real Estate Market

Memphis in May 2026 shows steady listing activity with 2,492 active listings and an average listing price around $245,763. The market appears balanced between supply and demand, with a healthy rate of new listings offset by buyer interest. Price movement is relatively stable, and properties are commonly taking a modest amount of time on market, suggesting neither extreme seller urgency nor buyer fatigue.



For buyers, the market in Memphis remains cautiously favorable. With a balanced supply and demand dynamic, serious buyers have reasonable negotiating opportunities on pricing and terms, especially on well-presented homes. Mortgage rates and financing options will continue to shape affordability, so acting with diligence and a clear budget will be key to securing favorable deals.



Investors may find opportunities in Memphis due to the balanced market filtering favorable entry points without intense bidding wars. Steady demand for housing, potential rental opportunities, and a relatively affordable average price support attractive yields. A focus on property condition, location within neighborhoods with demonstrated rental demand, and value-add improvements can enhance returns in this environment.