Top Real Estate Agents in Memphis, Tennessee

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Rank – City SidesFull NameCompanyLocationSidesProfile
1Alicia TeeterKeller Williams Realty Memphis CentralMemphis, TN 58.8View Profile
2Caleb HallKeller Williams Realty Memphis CentralMemphis, TN 52.5View Profile
3Rick TraversCrye-Leike RealtorsMemphis, TN 51.0View Profile
4Myles WilsonKeller Williams Realty Memphis CentralMemphis, TN 50.0View Profile
5Jennifer ArendaleColdwell Banker Collins-MauryMemphis, TN 47.0View Profile

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2022 Market Summary

Memphis, Tennessee started 2022 with a total of 540 single-family homes on the market, with a median home price of $104,450 and an average price per square foot of $98. By the end of the year, inventory had increased to 928 homes on the market (+71%), with a median home price of $189,900 (+81%) and an average price per square foot of $137 (+39%).

At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 56 days.

Memphis started the year with 24% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 43% of Memphis homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Memphis started 2022 as a strong seller’s market, with an MAI score of 50; by the end of the year, the MAI had dropped to 38 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

Latest Posts

Real estate agents are staying put: Relitix HW+

Sep 26, 2023By

Real estate agents are moving much less between brokerages than the post-pandemic peak seen in the summer of 2021, Relitix’s inaugural Agent Movement Index™ shows. The index shows the relative degree of movement between real estate brokerages by experienced agents and is indexed to the level of mobility in January 2016. The graph shows that, […]

Housing Market News

DataDigest: Today’s homebuyers are seeking affordability not found in the West HW+

Sep 27, 2023By

With the exception of New Orleans, the 10 cities with the biggest year-over-year drop in typical home values were all more expensive than the 10 cities with the biggest year-over-year increase in home values.

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