Is Memphis, TN 38134 a buyer’s or seller’s market?
Memphis is a seller’s market. With about 1.9 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score51/ 100
More competitive than 53% of U.S. ZIP codes, and #19 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply1.9Under 4 months = seller’s market
Sold above original list13.5%Share of sales, last 3 months
Median sale-to-list97.7%Sold price ÷ list price
Median days on market21Listing to accepted offer
Median price per sq ft$145▼ −3.3% vs. last year
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Nearby markets
Arlington 38002Seller’s market $164 /sq ftCollierville 38017Seller’s market $180 /sq ftCordova 38016Seller’s market $133 /sq ftCordova 38018Seller’s market $147 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology