Memphis, TN metro area Housing Market Brief
metro · TN · as of August 2026
What is Memphis, TN metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Memphis, TN metro area in its market cycle?
Memphis, TN metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Memphis, TN metro area?
Our model forecasts Memphis, TN metro area’s home prices to hold flat over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Memphis, TN metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $297K | ▲ +0.6% |
| Median Days on Market | 66 days | ▲ +8.2% |
| Months of Supply | 5.0 | ▲ +19.1% |
| Homes for Sale | 5,445 | ▲ +11.8% |
| Homes Sold | 1,077 | ▼ -7.6% |
| Median Price / Sq Ft | $149 | ▼ -3.4% |
How has Memphis, TN metro area’s Alpha Score moved?
Markets like Memphis, TN metro area
- Dothan, AL metro area, ALmetro43
- Ocala, FL metro area, FLmetro40
- Punta Gorda, FL metro area, FLmetro40
- Indianapolis, IN metro area, INmetro44
- Hickory, NC metro area, NCmetro38
- San Antonio, TX metro area, TXmetro39
- McAllen, TX metro area, TXmetro40
- Houston, TX metro area, TXmetro39
- New Orleans, LA metro area, LAmetro43
- Winston-Salem, NC metro area, NCmetro38
Frequently asked questions
Is Memphis, TN metro area a buyer's or seller's market?
As of August 2026, Memphis, TN metro area is classified as a Buyer's Market, based on its Alpha Score of 40 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Memphis, TN metro area?
The median sale price in Memphis, TN metro area is $297K, having risen 0.6% over the past year.
How affordable is Memphis, TN metro area?
Memphis, TN metro area scores 47 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Memphis, TN metro area's Alpha Score?
Memphis, TN metro area's strongest dimension is Economic Strength (50/100) and its weakest is Inventory Health (24/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Memphis, TN metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.