Is Memphis, MO 63555 a buyer’s or seller’s market?
Memphis is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Memphis housing market right now
In the three months ending August 31, 2026, 0% of homes in Memphis, MO 63555 sold above their list price, the typical home went under contract in 48 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (10 days then) and the median sale price rose 10% to $85,613. Overall, Memphis is less competitive than a year ago, which gives buyers more room.
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Questions about Memphis real estate
Is Memphis a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Memphis, MO 63555 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Memphis?
The typical home went under contract in 48 days in the latest three months.
Do homes in Memphis sell over asking?
0% of homes sold above their original list price.
What are property taxes in Memphis?
About 0.79% of a home’s value a year in Scotland County, or roughly $3,160 on a $400,000 home.
What is the median home price in Memphis?
The median sale price was $85,613 in the three months ending August 31, 2026, about $60 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology