Top Mega Teams in Memphis, Tennessee – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    1Wallace Group Home & LoanKeller Williams Realty Memphis CentralMemphis, TN$158,639,674View Profile
    2The Layson GroupKeller Williams Realty Memphis CentralMemphis, TN$97,235,079View Profile
    3The Home GurusKeller Williams Realty Memphis CentralMemphis, TN$47,579,770View 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.

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