Memphis, TN Real Estate & Property Data

Memphis Real Estate Market Trends
Last Updated: April 22, 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 11,492 residential properties have sold over the past year. With a median home price of $152,000 in Memphis and a total of 50 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 211,029
Total Commercial Properties 9,532
Avg. Home Age (Single Family Home) 61 Years
Avg. Square Feet (Single Family Home) 1,659
Total 2026 Residential Sales (year-to-date) 1,558
% of Homes Seriously Underwater (Q2 2025) 2.39%
Total 2025 Residential Sales 10,811
% of Equity Rich Homes (Q2 2025) 34.44%
Effective 2025 Property Tax 1.04%
Total Foreclosure Filings (year-to-date) 100
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Memphis, TN Real Estate Overview

There were 11,492 residential properties sold in the past year in Memphis, TN. The median home value in Memphis, TN is $150,699. There are a total of 211,029 residential properties in the Memphis.

Median Sales Price i
$152,000
(Feb 2025)
-10.5%
year-over-year
y-o-y
  • February '25 Feb '25 $152,000
  • January '25 Jan '25 $166,800
  • December '24 Dec '24 $165,000
  • November '24 Nov '24 $170,000
  • October '24 Oct '24 $157,000
  • September '24 Sep '24 $167,950
  • August '24 Aug '24 $167,250
  • July '24 Jul '24 $179,000
  • June '24 Jun '24 $188,850
  • May '24 May '24 $188,000
  • April '24 Apr '24 $165,000
  • March '24 Mar '24 $175,000
Median Down Payment i
$22,600
(Feb 2025)
-15.3%
year-over-year
y-o-y
  • February '25 Feb '25 $22,600
  • January '25 Jan '25 $29,625
  • December '24 Dec '24 $26,175
  • November '24 Nov '24 $27,500
  • October '24 Oct '24 $26,960
  • September '24 Sep '24 $25,000
  • August '24 Aug '24 $26,225
  • July '24 Jul '24 $27,025
  • June '24 Jun '24 $27,851
  • May '24 May '24 $26,213
  • April '24 Apr '24 $26,071
  • March '24 Mar '24 $24,240
Number of Homes Sold i
701
(Feb 2025)
-14%
year-over-year
y-o-y
  • February '25 Feb '25 701
  • January '25 Jan '25 857
  • December '24 Dec '24 810
  • November '24 Nov '24 817
  • October '24 Oct '24 911
  • September '24 Sep '24 860
  • August '24 Aug '24 988
  • July '24 Jul '24 957
  • June '24 Jun '24 1,056
  • May '24 May '24 907
  • April '24 Apr '24 961
  • March '24 Mar '24 852
Number of Purchase Loans i
460
(Feb 2025)
-5.7%
year-over-year
y-o-y
  • February '25 Feb '25 460
  • January '25 Jan '25 586
  • December '24 Dec '24 543
  • November '24 Nov '24 476
  • October '24 Oct '24 581
  • September '24 Sep '24 552
  • August '24 Aug '24 676
  • July '24 Jul '24 655
  • June '24 Jun '24 665
  • May '24 May '24 589
  • April '24 Apr '24 647
  • March '24 Mar '24 514
Number of REFI Loans i
322
(Feb 2025)
+1.3%
year-over-year
y-o-y
  • February '25 Feb '25 322
  • January '25 Jan '25 417
  • December '24 Dec '24 328
  • November '24 Nov '24 319
  • October '24 Oct '24 398
  • September '24 Sep '24 427
  • August '24 Aug '24 389
  • July '24 Jul '24 373
  • June '24 Jun '24 351
  • May '24 May '24 344
  • April '24 Apr '24 408
  • March '24 Mar '24 328
Number of HELOC Loans i
108
(Feb 2025)
-2.7%
year-over-year
y-o-y
  • February '25 Feb '25 108
  • January '25 Jan '25 124
  • 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
  • July '24 Jul '24 188
  • June '24 Jun '24 122
  • May '24 May '24 133
  • April '24 Apr '24 102
  • March '24 Mar '24 100

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 50 Memphis, TN properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 50 Memphis, TN properties and repossessed 8 Memphis, TN properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i
50
(Feb 2025)
-18%
year-over-year
y-o-y
  • 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
  • July '24 Jul '24 39
  • June '24 Jun '24 50
  • May '24 May '24 56
  • April '24 Apr '24 54
  • March '24 Mar '24 64
Foreclosure Starts i
50
(Feb 2025)
-18%
year-over-year
y-o-y
  • 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
  • July '24 Jul '24 39
  • June '24 Jun '24 50
  • May '24 May '24 56
  • April '24 Apr '24 54
  • March '24 Mar '24 64
Completed Foreclosures (REOs) i
8
(Feb 2025)
-27.3%
year-over-year
y-o-y
  • 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
  • July '24 Jul '24 14
  • June '24 Jun '24 12
  • May '24 May '24 5
  • April '24 Apr '24 6
  • March '24 Mar '24 7
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