Best time to sell your house in Memphis, Tennessee
Use the actual real estate transaction data that HomeLight has collected for Memphis, TN to learn the best and worst months to sell your Memphis home. The charts below can show you which months are best for maximizing the sale price of your home in Memphis, what time is best for selling a home faster in Memphis, or when you'll likely get the best sale-to-list ratio.
Or jump to other cities to see the best time to sell homes in them:
Best time to sell a home in Memphis, TN for more money
How to read this chart - Days on market is a measure of how long it takes to sell a house. Look for months where homes sat on the market for less time than the monthly average. If you're trying to sell your home fast in Memphis, TN you should aim to close in one of those months. For example, if the month with the lowest days on market is April, then you should list your house in January for an April close date.
Memphis Housing Market Trends - Sales Prices
Real estate is a hyper local business but you can use the annual housing market trends across the United States to come up with a general rule of thumb for the best time to sell a house.
Based on the housing transaction data we have for Memphis, TN, it looks like June would be the best month to sell your home in Memphis. It generally takes about 3 months to close on your home, so we estimate that if you list your Memphis home in April you could sell your house for 12.86% more than the yearly average!
How to read this chart - Days on market is a measure of how long it takes to sell a house. Look for months where homes sat on the market for less time than the monthly average. Those are usually the best months to close on your home sale. For example, if the month with the lowest days on market is April, then you should list your house in January for an April close date.
Days on Market Trends for Home Sales in Memphis
Economic conditions impact days on market trends in America's housing market. Every year will be a little different but you can use the aggragate data to give you a general rule of thumb for the best time to sell your house fast.
If you're looking to sell your Memphis house fast, the best time to close on your home sale in Memphis, TN is probably the month of August. Since it generally takes about 3 months from list to close, we estimate that if you list your Memphis home in June you could sell your house 6.3 days sooner than if you listed in any other month.
HomeLight maintains the most comprehensive data on real estate transactions across the United States. We use this data primarily to match homeowners with top real estate agents in their areas but you can also use this data to figure out the best time to sell a house in just about every city across the nation.
Every year, we select a variety of cities all across the United States and analyze the housing market data to see exactly how the best time to sell a house changes over time. See the results of our study and play around with our real estate data to see your own home's best time to sell.