Is Memphis, TN 38126 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 17.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply17.6Under 4 months = seller’s market

Sold above original list50%Share of sales, last 3 months

Median sale-to-list98.8%Sold price ÷ list price

Median days on market93Listing to accepted offer

Median price per sq ft$122▲ +246.5% vs. last year

Run the numbers for 38126

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