Top Real Estate Agents in Memphis, Tennessee

Download the Rankings

Rank – City SidesFull NameCompanyLocationSidesProfile
1Tracie BenetzEmmett Baird RealtyMemphis, TN 56.0View Profile
2Melody BourellMarx-Bensdorf REALTORSMemphis, TN 46.5View Profile
3Myles WilsonKeller WilliamsMemphis, TN 40.0View Profile
4Ruth Ann RobbinsKeller WilliamsMemphis, TN 37.0View Profile
5Tammy DavisColdwell Banker Collins-MauryMemphis, TN 23.5View Profile
6Jimmy ReedMarx-Bensdorf REALTORSMemphis, TN 20.5View Profile

Download the Rankings

2023 Memphis, Tennessee Housing Market Summary

Memphis, Tennessee started 2023 with a total of 861 single-family homes on the market, with a median home price of $189,000 and an average price per square foot of $137. By the end of the year, inventory had increased to 1,353 homes on the market (+57%), with a median home price of $184,900 (-2%) and an average price per square foot of $144 (+5%).

At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 70 days.

Memphis started the year with 41% 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 44% of Memphis homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Memphis started 2023 as a strong seller’s market, with an MAI score of 45; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

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

Housing Market News

Revolutionized financing: How Zillow empowers home shoppers with innovative tools 

Dec 03, 2024 7:00 amBy

Prospective homeowners enter the housing market with two questions: Where do I begin? How much home can I afford? Once the process starts, nearly half of home buyers report shedding tears at some point. Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. Fortunately, home buying doesn’t have to remain confusing for new buyers. 

Frequently Asked Questions

Agent News

Continued downward trend in agent mobility reflects ongoing challenges in real estate market 

Nov 29, 2024By

Key observations from October • Continued decline in agent movement:   The seasonally adjusted AMI metric for October dropped to 86.2, marking another decrease in agent mobility and continuing the downward trend observed in recent months.  • Factors influencing decline  The Presidential election and the implementation of the National Association of Realtors (NAR) settlement appear to have significantly impacted agents’ […]