$4,024 Closing Credit¹
#10194435, Listing Office: Crye-Leike, Inc., REALTORS
The University of Memphis Housing Market Report March 2025•Shelby County, Tennessee
Housing Prices in The University of Memphis, TN
How much do homes in The University of Memphis, TN cost?
Median List Price
$144,000–
-$23,750
-14.2%
Based on all homes listed in the last 12 months
Insight
The list price of homes in The University of Memphis has decreased by 14.2% since last year.
Summary: The median home list price in The University of Memphis was $144,000 in March 2025, down 14.2% from the previous year, and the median price per square foot was $0.
Median List Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $105K | $94.9K | -9.6% |
| 22 Bedrooms | $145.5K | $142K | -2.4% |
| 33 Bedrooms | $349K | $297K | -14.9% |
| 44 Bedrooms | - | $250K | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: The University of Memphis housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -9.6%. The home price for 2 bedroom homes decreased by -2.4%. The home price for 3 bedroom homes decreased by -14.9%. 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
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 22Last MonthMar 2025 | ||
| 172 months agoFeb 2025 | +29.4 % Change MoMFeb – Mar |
Summary: The The University of Memphis real estate market had 22 homes for sale in Mar 2025, a 29.4 % increase compared to Feb 2025.
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 4 | 0.0% |
| 22 Bedrooms | 9 | 11 | +22.2% |
| 33 Bedrooms | 2 | 4 | +100.0% |
| 44 Bedrooms | 2 | 3 | +50.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: The University of Memphis housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +22.2%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes increased by +50.0%. 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?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price4 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 4 homes were sold or pending in The University of Memphis in March 2025, up by 100.0% month-over-month. Of the 4 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
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 164 DaysThis YearMar 2025 | ||
| 805 Days1 year agoMar 2024 | -79.5 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in The University of Memphis had an average listing age of 164 days in Mar 2025, down by 79.5% 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?
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 04/01/2023 - 04/01/2025
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: 4/25/2025, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2025, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.