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The University of Memphis Housing Market Report July 2025•Shelby County, Tennessee

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Housing Prices in The University of Memphis, TN

How much do homes in The University of Memphis, TN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$157,500–
+$4,000
+2.6%

Based on all homes listed in the last 12 months

Insight

The list price of homes in The University of Memphis has increased by 2.6% since last year.

Summary: The median home list price in The University of Memphis was $157,500 in July 2025, up 2.6% from the previous year, and the median price per square foot was $0.

Median List Price By Neighborhoods

Median List Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Red Acres
+30.8%
The University of Memphis
+2.6%
Normal Station
-20.4%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJul 2024Jul 2025Change YoY
1$95K$92.4K
-2.7%
2$142K$146K
+2.8%
3$349.5K$297K
-15.0%
4-$499.5K
N/A
5--
N/A

Summary: The University of Memphis housing price by bedroom type for July 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -2.7%. The home price for 2 bedroom homes increased by +2.8%. The home price for 3 bedroom homes decreased by -15.0%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does The University of Memphis, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

The University of Memphis, TN

Housing supply in The University of Memphis, TN

How many homes are available in The University of Memphis, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
17Last MonthJul 2025
122 months agoJun 2025
+41.7 %
Change MoMJun – Jul

Summary: The The University of Memphis real estate market had 17 homes for sale in Jul 2025, a 41.7 % increase compared to Jun 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJun 2025Jul 2025Change MoM
123
+50.0%
279
+28.6%
324
+100.0%
411
0.0%
500
0.0%

Summary: The University of Memphis housing inventory by bedroom type for July 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes increased by +28.6%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in The University of Memphis, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in The University of Memphis, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in The University of Memphis in July 2025, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for The University of Memphis, TN

How long does it take to sell a home in The University of Memphis, TN?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
231 DaysThis YearJul 2025
365 Days1 year agoJul 2024
-36.6 %
Change YoYJul 2024 – Jul 2025

Summary: Homes in The University of Memphis had an average listing age of 231 days in Jul 2025, down by 36.6% compared to the previous year.

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Newest Listings in The University of Memphis, TN

What homes are available in The University of Memphis, TN?

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Nearby markets

Nearby markets aren't available for The University of Memphis, TN

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MLS Disclaimers and Copyright

Based on information from Memphis MLS, for the period 08/01/2023 - 08/01/2025

Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/2/2025, 9:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.