Memphis, TN metro area Housing Market Brief
metro · TN · score computed October 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.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
Where is Memphis, TN metro area in its market cycle?
Memphis, TN metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Memphis, TN metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Memphis, TN metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $279K | ▼ -6.9% | Redfin |
| Median Days on Market | 50 days | ▲ +22% | Redfin |
| Months of Supply | 4.8 | ▲ +14.3% | Redfin |
| Homes for Sale | 5,380 | ▲ +7.3% | Redfin |
| Homes Sold | 1,117 | ▼ -6.8% | Redfin |
| Median Price / Sq Ft | $145 | ▼ -7% | Redfin |
How has Memphis, TN metro area’s Alpha Score moved?
Markets like Memphis, TN metro area
- Fort Worth, TX metro area, TXmetro35
- Monroe, LA metro area, LAmetro37
- San Antonio, TX metro area, TXmetro36
- Dallas, TX metro area, TXmetro33
- East Stroudsburg, PA metro area, PAmetro51
- Tyler, TX metro area, TXmetro47
- Bangor, ME metro area, MEmetro39
- Macon, GA metro area, GAmetro42
- Glens Falls, NY metro area, NYmetro42
- New Orleans, LA metro area, LAmetro33
Frequently asked questions
Is Memphis, TN metro area a buyer's or seller's market?
In the scores computed October 2026, Memphis, TN metro area is classified as a Buyer's Market, based on its Alpha Score of 36 out of 100. The classification reflects current price, building, 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 $279K, having fallen 6.9% over the past year, according to Redfin.
How affordable is Memphis, TN metro area?
Memphis, TN metro area scores 34 out of 100 on affordability — relatively unaffordable 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 Rental Yield (62/100) and its weakest is Price Momentum (12/100). 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.