All Home Types
Memphis, TN Housing Market
What is the housing market like in Memphis today?
In October 2024, Memphis home prices were up 5.8% compared to last year, selling for a median price of $180K. On average, homes in Memphis sell after 38 days on the market compared to 42 days last year. There were 491 homes sold in October this year, down from 518 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$179,900
+5.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Memphis, TN
$179,900
+5.8%
United States
Memphis Migration & Relocation Trends
In Sep '24 - Nov '24, 24% of Memphis homebuyers searched to move out of Memphis, while 76% looked to stay within the metropolitan area.
- Across the nation, 0.30% of homebuyers searched to move into Memphis from outside metros.
- Los Angeles homebuyers searched to move into Memphis more than any other metro followed by Knoxville and Jackson.
Where are people moving to Memphis from?
- 76% of Memphis homebuyers searched to stay within the Memphis metropolitan area.
- Little Rock was the most popular destination among Memphis homebuyers followed by Hot Springs and Fayetteville.
Where are people from Memphis moving to?
Number of People Moving to Memphis
least
most
People are moving to Memphis from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 269 | ||
| 2 | 168 | ||
| 3 | 161 | ||
| 4 | 159 | ||
| 5 | 101 | ||
| 6 | 98 | ||
| 7 | 89 | ||
| 8 | 88 | ||
| 9 | 87 | ||
| 10 | 78 | ||
People are leaving Memphis for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 123 | ||
| 2 | 40 | ||
| 3 | 38 | ||
| 4 | 34 | ||
| 5 | 20 | ||
| 6 | 14 | ||
| 7 | 14 | ||
| 8 | 10 | ||
| 9 | 10 | ||
| 10 | 9 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Memphis.
Provided by First Street Foundation
Transportation in Memphis
Learn about the walkability, bikeability, and transit-friendliness of Memphis
Car-Dependent
Walk Score®
Minimal Transit
Transit Score®
Somewhat Bikeable
Bike Score®
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