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The University of Memphis Housing Market Report June 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.
$146,821–
-$2,179
-1.5%

Based on all homes listed in the last 12 months

Insight

The list price of homes in The University of Memphis has decreased by 1.5% since last year.

Summary: The median home list price in The University of Memphis was $146,821 in June 2025, down 1.5% 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
+13.6%
Normal Station
+4.5%
The University of Memphis
-1.5%

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.
BedsJun 2024Jun 2025Change YoY
1-$95K
N/A
2$142K$143.6K
+1.2%
3$349.5K$297K
-15.0%
4-$512K
N/A
5--
N/A

Summary: The University of Memphis housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +1.2%. 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
15Last MonthJun 2025
162 months agoMay 2025
-6.3 %
Change MoMMay – Jun

Summary: The The University of Memphis real estate market had 15 homes for sale in Jun 2025, a 6.3 % decrease compared to May 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.
BedsMay 2025Jun 2025Change MoM
122
0.0%
21010
0.0%
332
-33.3%
411
0.0%
500
0.0%

Summary: The University of Memphis housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

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
260 DaysThis YearJun 2025
850 Days1 year agoJun 2024
-69.4 %
Change YoYJun 2024 – Jun 2025

Summary: Homes in The University of Memphis had an average listing age of 260 days in Jun 2025, down by 69.4% 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

Popular Cities with Homes for Sale in Tennessee

MLS Disclaimers and Copyright

Based on information from Memphis MLS, for the period 07/01/2023 - 07/01/2025

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: 7/7/2025, 12:55:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.