Memphis, TN Real Estate & Property Data

Memphis Real Estate Market Trends
Last Updated: September 20, 2025

Accurate and comprehensive real estate data is critical for insight into Memphis, TN. ATTOM’s Memphis real estate data is updated daily, and current market trends show that in Memphis, TN a total of 11,478 residential properties have sold over the past year. With a median home price of $186,200 in Memphis and a total of 55 foreclosures. Get detailed property data for Memphis, TN instantly. ATTOM is your one-stop-shop for the Memphis property reports and real estate data you need in Memphis, TN.

Memphis Real Estate Market Trends
Total Residential Properties 210,969
Total Commercial Properties 9,491
Avg. Home Age (Single Family Home) 61 Years
Avg. Square Feet (Single Family Home) 1,655
Total 2025 Residential Sales (year-to-date) 6,114
% of Homes Seriously Underwater (Q3 2025) 1.61%
Total 2024 Residential Sales 10,902
% of Equity Rich Homes (Q3 2025) 35.08%
Effective 2024 Property Tax 1.43%
Total Foreclosure Filings (year-to-date) 314
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Memphis, TN Real Estate Overview

There were 11,478 residential properties sold in the past year in Memphis, TN. The median home value in Memphis, TN is $159,402. There are a total of 210,969 residential properties in the Memphis.

Median Sales Price i
$186,200
(Jul 2025)
+3.4%
year-over-year
y-o-y
  • July '25 Jul '25 $186,200
  • June '25 Jun '25 $219,700
  • May '25 May '25 $170,000
  • April '25 Apr '25 $185,000
  • March '25 Mar '25 $187,000
  • February '25 Feb '25 $155,000
  • January '25 Jan '25 $168,800
  • December '24 Dec '24 $165,000
  • November '24 Nov '24 $170,000
  • October '24 Oct '24 $155,500
  • September '24 Sep '24 $165,000
  • August '24 Aug '24 $166,000
Median Down Payment i
$30,000
(Jul 2025)
+9.1%
year-over-year
y-o-y
  • July '25 Jul '25 $30,000
  • June '25 Jun '25 $29,500
  • May '25 May '25 $24,131
  • April '25 Apr '25 $24,500
  • March '25 Mar '25 $28,925
  • February '25 Feb '25 $24,958
  • January '25 Jan '25 $29,975
  • December '24 Dec '24 $26,350
  • November '24 Nov '24 $28,300
  • October '24 Oct '24 $28,342
  • September '24 Sep '24 $25,350
  • August '24 Aug '24 $26,225
Number of Homes Sold i
880
(Jul 2025)
-7.8%
year-over-year
y-o-y
  • July '25 Jul '25 880
  • June '25 Jun '25 1,033
  • May '25 May '25 976
  • April '25 Apr '25 793
  • March '25 Mar '25 858
  • February '25 Feb '25 711
  • January '25 Jan '25 863
  • December '24 Dec '24 810
  • November '24 Nov '24 825
  • October '24 Oct '24 917
  • September '24 Sep '24 871
  • August '24 Aug '24 987
Number of Purchase Loans i
607
(Jul 2025)
-8.4%
year-over-year
y-o-y
  • July '25 Jul '25 607
  • June '25 Jun '25 690
  • May '25 May '25 639
  • April '25 Apr '25 498
  • March '25 Mar '25 583
  • February '25 Feb '25 476
  • January '25 Jan '25 591
  • December '24 Dec '24 546
  • November '24 Nov '24 493
  • October '24 Oct '24 597
  • September '24 Sep '24 566
  • August '24 Aug '24 692
Number of REFI Loans i
307
(Jul 2025)
-17%
year-over-year
y-o-y
  • July '25 Jul '25 307
  • June '25 Jun '25 479
  • May '25 May '25 454
  • April '25 Apr '25 472
  • March '25 Mar '25 366
  • February '25 Feb '25 324
  • January '25 Jan '25 418
  • December '24 Dec '24 325
  • November '24 Nov '24 322
  • October '24 Oct '24 403
  • September '24 Sep '24 433
  • August '24 Aug '24 395
Number of HELOC Loans i
141
(Jul 2025)
-25.4%
year-over-year
y-o-y
  • July '25 Jul '25 141
  • June '25 Jun '25 206
  • May '25 May '25 143
  • April '25 Apr '25 120
  • March '25 Mar '25 121
  • February '25 Feb '25 108
  • January '25 Jan '25 123
  • December '24 Dec '24 119
  • November '24 Nov '24 80
  • October '24 Oct '24 150
  • September '24 Sep '24 117
  • August '24 Aug '24 138

Memphis, TN Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Memphis, TN Foreclosure Activity

There were a total of 55 Memphis, TN properties with a foreclosure filing in July 2025. Lenders started the foreclosure process on 55 Memphis, TN properties and repossessed 10 Memphis, TN properties through completed foreclosures (REOs) in July 2025.

Total Foreclosure Filings i
55
(Jul 2025)
+41%
year-over-year
y-o-y
  • July '25 Jul '25 55
  • June '25 Jun '25 34
  • May '25 May '25 40
  • April '25 Apr '25 61
  • March '25 Mar '25 24
  • February '25 Feb '25 50
  • January '25 Jan '25 50
  • December '24 Dec '24 46
  • November '24 Nov '24 33
  • October '24 Oct '24 51
  • September '24 Sep '24 66
  • August '24 Aug '24 72
Foreclosure Starts i
55
(Jul 2025)
+41%
year-over-year
y-o-y
  • July '25 Jul '25 55
  • June '25 Jun '25 34
  • May '25 May '25 40
  • April '25 Apr '25 61
  • March '25 Mar '25 24
  • February '25 Feb '25 50
  • January '25 Jan '25 50
  • December '24 Dec '24 46
  • November '24 Nov '24 33
  • October '24 Oct '24 51
  • September '24 Sep '24 66
  • August '24 Aug '24 72
Completed Foreclosures (REOs) i
10
(Jul 2025)
-28.6%
year-over-year
y-o-y
  • July '25 Jul '25 10
  • June '25 Jun '25 23
  • May '25 May '25 15
  • April '25 Apr '25 10
  • March '25 Mar '25 26
  • February '25 Feb '25 8
  • January '25 Jan '25 6
  • December '24 Dec '24 12
  • November '24 Nov '24 10
  • October '24 Oct '24 9
  • September '24 Sep '24 8
  • August '24 Aug '24 11
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