Memphis, TN Real Estate & Property Data

Memphis Real Estate Market Trends
Last Updated: April 26, 2024

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 11,705 residential properties have sold over the past year. With a median home price of $170,000 in Memphis and a total of 61 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 211,027
Total Commercial Properties 10,001
Avg. Home Age (Single Family Home) 60 Years
Avg. Square Feet (Single Family Home) 1,657
Total 2024 Residential Sales (year-to-date) 1,692
% of Homes Seriously Underwater (Q2 2024) 1.71%
Total 2023 Residential Sales 10,761
% of Equity Rich Homes (Q2 2024) 35.95%
Effective 2023 Property Tax 1.03%
Total Foreclosure Filings (year-to-date) 108
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Memphis, TN Real Estate Overview

There were 11,705 residential properties sold in the past year in Memphis, TN. The median home value in Memphis, TN is $152,162. There are a total of 211,027 residential properties in the Memphis.

Median Sales Price i
$170,000
(Feb 2024)
+8.4%
year-over-year
y-o-y
  • February '24 Feb '24 $170,000
  • January '24 Jan '24 $165,000
  • December '23 Dec '23 $159,250
  • November '23 Nov '23 $168,893
  • October '23 Oct '23 $169,900
  • September '23 Sep '23 $192,640
  • August '23 Aug '23 $195,000
  • July '23 Jul '23 $195,000
  • June '23 Jun '23 $206,500
  • May '23 May '23 $188,950
  • April '23 Apr '23 $180,000
  • March '23 Mar '23 $184,000
Median Down Payment i
$26,440
(Feb 2024)
-0.2%
year-over-year
y-o-y
  • February '24 Feb '24 $26,440
  • January '24 Jan '24 $23,980
  • December '23 Dec '23 $29,000
  • November '23 Nov '23 $30,237
  • October '23 Oct '23 $30,500
  • September '23 Sep '23 $29,975
  • August '23 Aug '23 $32,250
  • July '23 Jul '23 $30,300
  • June '23 Jun '23 $27,475
  • May '23 May '23 $26,500
  • April '23 Apr '23 $26,250
  • March '23 Mar '23 $25,000
Number of Homes Sold i
816
(Feb 2024)
+18.8%
year-over-year
y-o-y
  • February '24 Feb '24 816
  • January '24 Jan '24 876
  • December '23 Dec '23 745
  • November '23 Nov '23 853
  • October '23 Oct '23 992
  • September '23 Sep '23 866
  • August '23 Aug '23 1,170
  • July '23 Jul '23 820
  • June '23 Jun '23 1,251
  • May '23 May '23 891
  • April '23 Apr '23 792
  • March '23 Mar '23 946
Number of Purchase Loans i
473
(Feb 2024)
+18.2%
year-over-year
y-o-y
  • February '24 Feb '24 473
  • January '24 Jan '24 501
  • December '23 Dec '23 504
  • November '23 Nov '23 513
  • October '23 Oct '23 588
  • September '23 Sep '23 515
  • August '23 Aug '23 738
  • July '23 Jul '23 547
  • June '23 Jun '23 788
  • May '23 May '23 567
  • April '23 Apr '23 478
  • March '23 Mar '23 602
Number of REFI Loans i
318
(Feb 2024)
+3.2%
year-over-year
y-o-y
  • February '24 Feb '24 318
  • January '24 Jan '24 326
  • December '23 Dec '23 334
  • November '23 Nov '23 309
  • October '23 Oct '23 373
  • September '23 Sep '23 284
  • August '23 Aug '23 390
  • July '23 Jul '23 260
  • June '23 Jun '23 381
  • May '23 May '23 289
  • April '23 Apr '23 244
  • March '23 Mar '23 335
Number of HELOC Loans i
109
(Feb 2024)
-18.7%
year-over-year
y-o-y
  • February '24 Feb '24 109
  • January '24 Jan '24 97
  • December '23 Dec '23 106
  • November '23 Nov '23 141
  • October '23 Oct '23 120
  • September '23 Sep '23 109
  • August '23 Aug '23 160
  • July '23 Jul '23 104
  • June '23 Jun '23 190
  • May '23 May '23 127
  • April '23 Apr '23 106
  • March '23 Mar '23 144

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 61 Memphis, TN properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 61 Memphis, TN properties and repossessed 11 Memphis, TN properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
61
(Feb 2024)
+22%
year-over-year
y-o-y
  • February '24 Feb '24 61
  • January '24 Jan '24 47
  • December '23 Dec '23 48
  • November '23 Nov '23 39
  • October '23 Oct '23 40
  • September '23 Sep '23 40
  • August '23 Aug '23 55
  • July '23 Jul '23 43
  • June '23 Jun '23 41
  • May '23 May '23 44
  • April '23 Apr '23 42
  • March '23 Mar '23 47
Foreclosure Starts i
61
(Feb 2024)
+22%
year-over-year
y-o-y
  • February '24 Feb '24 61
  • January '24 Jan '24 47
  • December '23 Dec '23 48
  • November '23 Nov '23 39
  • October '23 Oct '23 40
  • September '23 Sep '23 39
  • August '23 Aug '23 55
  • July '23 Jul '23 43
  • June '23 Jun '23 41
  • May '23 May '23 44
  • April '23 Apr '23 42
  • March '23 Mar '23 47
Completed Foreclosures (REOs) i
11
(Feb 2024)
-35.3%
year-over-year
y-o-y
  • February '24 Feb '24 11
  • January '24 Jan '24 13
  • December '23 Dec '23 6
  • November '23 Nov '23 3
  • October '23 Oct '23 10
  • September '23 Sep '23 6
  • August '23 Aug '23 7
  • July '23 Jul '23 2
  • June '23 Jun '23 8
  • May '23 May '23 9
  • April '23 Apr '23 10
  • March '23 Mar '23 11
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