Is Memphis, TN 38105 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Memphis is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list85.2%Sold price ÷ list price

Median days on market26Listing to accepted offer

Median price per sq ft$92▼ −5.7% vs. last year

Run the numbers for 38105

Prefilled for 38105Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38105Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arlington 38002Seller’s market $164 /sq ft Collierville 38017Seller’s market $180 /sq ft Cordova 38016Seller’s market $133 /sq ft Cordova 38018Seller’s market $147 /sq ft Browse all markets →

More tools for 38105

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology