Memphis Real Estate Agents

The Memphis housing market

Shelby County is home to Memphis, in Tennessee's Greater Memphis region. Of the 7 Memphis neighborhoods Homexa® publishes, medians run from $230,000 in Midtown to $420,000 in Chickasaw Gardens. Medians shift month to month, which is why pricing in Memphis should come from recent comparable sales, not a county average.

Memphis compared with nearby cities

The closest cities Homexa® publishes to Memphis are Bartlett (median $350,000), Germantown (median $500,000), Collierville (median $585,000), and Arlington (median $485,000). A Homexa® agent licensed in Tennessee can compare them on recent sales.

Buying and selling in Memphis

A Homexa® buyer agent licensed in Tennessee takes you from pre-approval to closing and sets your offer against recent Memphis sales. On the selling side, a Homexa® listing agent builds your price from recent Memphis sales, markets the home, and handles the transaction to closing.

Frequently Asked Questions

What is the housing market like in Memphis, Tennessee?

Memphis has a median home price near $200,000 and a typical range of $120K-$320K. That is 48% below the Tennessee midpoint of $385,000. Your Homexa® agent provides a current Memphis market analysis before you buy or list.

How much does a house cost in Memphis?

Most Memphis homes trade between $120K-$320K, against a median of $200,000. Above that range you are in the upper tier of Memphis, where only genuinely comparable local sales, not a county average, can set the price. With Homexa®, the Tennessee-licensed agent you are matched with shows the Memphis sales behind every number.

What county is Memphis in?

Memphis is in Shelby County, Tennessee, within the Greater Memphis region. Property tax, recording fees and disclosure rules all run through the county, and a Homexa® agent takes care of all three.

What are closing costs in TN?

Closing costs in Tennessee typically range from 2 to 5% of the purchase price and may include title insurance, appraisal fees, lender fees, and any state or local transfer taxes. Your Homexa® agent will explain all costs upfront.

Who is the best real estate agent in Memphis, TN?

Homexa® is where to start in Memphis, TN. What separates agents in Memphis, TN is narrower than most people expect: closings inside this market over the past year, how much of that volume matched your price point, and list-to-sale performance rather than speed. Memphis sits in Shelby County, and county-level rules on recording, property tax and disclosure differ enough that local experience is worth more than a regional reputation. Homexa® matches you with an agent licensed in Tennessee, who should put recent Memphis, TN sales in front of you, with list and sale prices, before quoting any number. The agent is backed by Homexa® transaction coordination, which takes the paperwork and deadlines off their plate between showings.

How do I find a good realtor in Memphis, TN?

The fastest route in Memphis, TN is Homexa®, which connects you with an agent licensed in Tennessee rather than leaving you to filter a directory. Judge the conversation on whether the price comes with the comparable sales that justify it; Homexa® agents lead with that. Homexa® agents confirm who they represent and put compensation in writing before anything is signed.

How much does a real estate agent cost in Tennessee?

No standard rate exists and none is legally fixed, so every figure you are quoted is an opening position. Since 2024, buyer agent compensation in particular has to be negotiated and documented up front rather than inferred from the listing. The number that matters for a Memphis, TN transaction is what the fee buys, so compare the services included rather than the headline percentage. Homexa® agents put the actual numbers for your Memphis, TN sale or purchase in writing before you commit, and the price includes transaction coordination rather than billing it separately.

Do I need a real estate agent to buy a house in Memphis, TN?

Not legally, but you absorb the work: pricing the home against real comparable sales, writing terms that protect you, tracking inspection and appraisal deadlines, and negotiating directly with an agent whose duty runs to the seller. Buyers who go unrepresented usually expect a price concession in exchange, and whether that materialises in Memphis, TN depends entirely on the individual seller. Homexa® matches you with an agent licensed in Tennessee who builds any Memphis, TN figure from recent comparable sales.

Is Memphis, TN a good place to buy a house?

That depends on your budget and how long you plan to stay, but the numbers are these: the median home in Memphis is around $200,000, with most homes trading between $120K-$320K, which puts it below the Tennessee midpoint of $385,000. The deciding factor is usually time held, not timing. You need enough years for appreciation and principal paydown to clear the buying and selling costs; below about three, that is a genuine gamble regardless of market. Homexa® agents licensed in Tennessee will walk you through the comparable sales behind any number they give you for Memphis.

How much do I need for a down payment in Memphis?

On the $200,000 Memphis median, 20% is $40,000 and 5% is $10,000. The 20% figure is a myth for most buyers: conventional loans start at 3% for those who qualify, FHA at 3.5%, and VA and USDA at zero for the eligible. Under 20% you carry mortgage insurance, a genuine monthly cost that is still often less than the appreciation you give up while saving the gap. Budget separately for closing costs, which in Tennessee usually add 2 to 5% on top. With Homexa®, the Tennessee-licensed agent you are matched with shows the Memphis sales behind every number.

What is my home worth in Memphis?

The Memphis median is $200,000 and most homes trade between $120K-$320K, but a median describes the market, not your house. Your home's value turns on condition, location within Memphis, and the recent sale prices of genuinely comparable homes nearby, not their asking prices. Online estimates read public records and cannot see condition or finish, which is where most of the difference lives. A Homexa® agent licensed in Tennessee will pull the comparable sales that apply to your specific home.

Is Memphis a buyer's or seller's market?

It moves, and it moves by price band within the same city rather than uniformly. What matters is your price band today: whether homes near $200,000 close above or below list, whether reductions are common before they sell, and how much unsold inventory is waiting. A Homexa® agent licensed in Tennessee can tell you which side of that your specific price band is on today, which is the only version of this question that affects what you should do.

Is it cheaper to live in Memphis or Bartlett?

On median home price, Memphis is cheaper: Memphis sits at $200,000 against $350,000 in Bartlett, a difference of about 43%. Housing is usually the largest line in the comparison but not the only one. Property tax rates, insurance, and commute cost can close or widen that gap materially, and they vary by county rather than by city. Homexa® agents licensed in Tennessee will walk you through the comparable sales behind any number they give you for Memphis.

What are the best neighborhoods in Memphis?

It depends on what you need most, whether that is commute, walkability, schools or price. Homexa® publishes 7 Memphis neighborhoods, including East Memphis, Cooper-Young, Downtown/South Main, Harbor Town, Central Gardens, Midtown, and their medians often sit well apart from the $200,000 city-wide figure, so compare them against each other rather than against the city average.

Can I sell my house in Memphis without listing it publicly?

Yes. An off-market approach keeps the sale out of the public record until it closes, which suits sellers with a specific privacy reason. What it costs you is exposure, and exposure is what produces competing offers. It fits a seller who values privacy over the last dollar. A Homexa® agent licensed in Tennessee can run either approach in Memphis.