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Is Memphis, TN 38109 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Memphis is a buyer’s market. With about 8.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.1Under 4 months = seller’s market

Sold above original list6.3%Share of sales, last 3 months

Median sale-to-list95.4%Sold price ÷ list price

Median days on market36Listing to accepted offer

Median price per sq ft$93▲ +15.3% vs. last year

Run the numbers for 38109

Prefilled for 38109Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38109Over-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 →

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