Memphis, TN metro area Housing Market Brief
metro · as of May 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 Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
Memphis, TN metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $314K | ▲ +4.8% |
| Median Days on Market | 37 days | ▲ +12.1% |
| Months of Supply | 4.0 | ▲ +14.3% |
| Homes for Sale | 5,070 | ▲ +6.5% |
| Homes Sold | 1,264 | ▼ -7.5% |
| Median Price / Sq Ft | $154 | ▼ -2.9% |
| Sale-to-List Ratio | 97.6% | ▲ +0.4% |
How has Memphis, TN metro area’s Alpha Score moved?
Markets like Memphis, TN metro area
- Charlotte, NC metro areametro44
- Philadelphia, PA metro areametro43
- Louisville, KY metro areametro45
- Jackson, MS metro areametro42
- Somerset, KY metro areametro40
- Minneapolis, MN metro areametro45
- Fort Worth, TX metro areametro44
- Oklahoma City, OK metro areametro45
- Orlando, FL metro areametro43
- Atlanta, GA metro areametro45
Frequently asked questions
Is Memphis, TN metro area a buyer's or seller's market?
As of May 2026, Memphis, TN metro area is classified as a Balanced Market, based on its Alpha Score of 43 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 $314K, having risen 4.8% over the past year.
How affordable is Memphis, TN metro area?
Memphis, TN metro area scores 50 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 Affordability (50/100) and its weakest is Inventory Health (25/100). 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.