The Memphis housing market is somewhat competitive. The median sale price of a home in Memphis was $260K last month, down 18.0% since last year. The median sale price per square foot in Memphis is $206, down 15.1% since last year.
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.
All Home Types
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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How hot is the Memphis housing market?
Memphis is somewhat competitive. Homes sell in 48.5 days.
0
100
52
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 49 days.
Hot homes
can sell for around list price and go pending in around 11 days.
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.
Manatee Virtual Franchise (Etech School Of Manatee)
Public • 1-12
53
Students
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Manatee Virtual Instruction Program
Public • K-12
13
Students
2 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Memphis housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Memphis.
Flood Factor - Severe
61% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Memphis has a severe risk of flooding. 1,087 properties in Memphis are likely to be
severely affected
by flooding over the next 30 years. This represents 61% of all properties in Memphis. Flood risk is increasing faster than the national average.
33% of properties are at risk of wildfire over the next 30 years
Fire Factor
Memphis has a moderate risk of wildfire. There are 1,275 properties in Memphis that have some risk of being affected by wildfire over the next 30 years. This represents 33% of all properties in Memphis.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Memphis has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Memphis is most at risk from hurricanes. 3,845 properties in Memphis have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 177 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 184 mph.