All Home Types
Memphis, FL Housing Market
What is the housing market like in Memphis today?
In May 2025, Memphis home prices were down 18.0% compared to last year, selling for a median price of $260K. On average, homes in Memphis sell after 54 days on the market compared to 20 days last year. There were 7 homes sold in May this year, down from 8 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$260,000
-18.0% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Memphis, FL
$260,000
-18.0%
United States
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Memphis Migration & Relocation Trends
In Feb '25 - Apr '25, 43% of Memphis homebuyers searched to move out of Memphis, while 57% looked to stay within the metropolitan area.
- Across the nation, 1% of homebuyers searched to move into Memphis from outside metros.
- Chicago homebuyers searched to move into Memphis more than any other metro followed by New York and Miami.
Where are people moving to Memphis from?
- 57% of Memphis homebuyers searched to stay within the Memphis metropolitan area.
- Asheville was the most popular destination among Memphis homebuyers followed by Knoxville and Jacksonville.
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 | Feb '25 - Apr '25 | ||
| 1 | 1,171 | ||
| 2 | 1,141 | ||
| 3 | 1,015 | ||
| 4 | 785 | ||
| 5 | 742 | ||
| 6 | 671 | ||
| 7 | 658 | ||
| 8 | 410 | ||
| 9 | 297 | ||
| 10 | 294 | ||
People are leaving Memphis for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 49 | ||
| 2 | 47 | ||
| 3 | 42 | ||
| 4 | 36 | ||
| 5 | 33 | ||
| 6 | 30 | ||
| 7 | 29 | ||
| 8 | 28 | ||
| 9 | 24 | ||
| 10 | 24 | ||
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
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