Market Datavs. 1 year ago
30-year mortgage6.71%▲ +0.21 pts15-year mortgage6.04%▲ +0.44 pts10-year Treasury4.77%▲ +0.55 ptsMortgage spread1.94 pts▼ -0.34 ptsMedian list price$425k▼ -1.3%List $/sqft$224▼ -1.8%Days on market60 +0 daysActive listings1.14M▲ +3.6%New listings402k▼ -0.1%Pending sales452k▼ -0.6%Housing starts1.24M▼ -13.5%Building permits1.43M▲ +2.4%New-home sales607k▼ -6.3%Existing-home sales4.06M▲ +0.7%Months of supply9.6▲ +0.4 moMortgage delinquency1.86%▲ +0.08 pts
as of Sep 2026
Top Sales

Memphis, Tennessee Metro Area Top 5 Home Sales, Week Ending August 9, 2026: Germantown Home Sells for $1.3 Million to Top the Week

A 1999 house on a landscaped acre in Germantown sold for $1,300,000 to lead the five highest-priced home sales publicly reported in the Memphis, Tennessee metro area for the week ending August 9, 2026.

Memphis, Tennessee Metro Area Top 5 Home Sales, Week Ending August 9, 2026: Germantown Home Sells for $1.3 Million to Top the Week

A 1999 house on a landscaped acre in Germantown sold for $1.30 million to lead the five highest-priced home sales publicly reported in the Memphis, Tennessee metro area for the week ending August 9, 2026. Together the week’s closings accounted for $5.53 million in reported Memphis-area real estate.

The five sales span Germantown, Piperton, Eads and Memphis, where two of the week’s closings were recorded, one in the Red Acres neighborhood and one on Cherry Road. Build years run from 1935 to 2010, and land features throughout the group: a landscaped acre in Germantown, a private acre in Piperton, roughly four acres in Eads and a 1.23-acre setting in Memphis. Separate guest quarters appear on several of the properties, from a cottage behind the 1935 Red Acres house to a two-story guest house in Piperton.

No. 1 — $1,300,000 · 2546 Ingleside Farm W, Germantown, Tennessee

Top home sale No. 1 in the Memphis, Tennessee metro area β€” 2546 Ingleside Farm W, Germantown, Tennessee, week ending August 9, 2026

Germantown produced the week’s highest reported price. The house at 2546 Ingleside Farm W was built in 1999 and sold for $1,300,000 on August 3, 2026, with five bedrooms, five bathrooms and a reported 6,072 square feet.

A professionally landscaped acre surrounds the house, and a gunite swimming pool sits in the grounds. The primary bedroom has a fireplace of its own.

The sale closed $450,000 above its final asking price of $850,000, and the property previously changed hands for $637,000 in 1999. RealtyWire was unable to verify the listing agent or the listing brokerage for this closing in time for publication, and welcomes a correction from the professionals involved. The $1,300,000 transaction ranked No. 1 in RealtyWire’s Memphis Metro Area Top 5 home sales for the week ending August 9, 2026.

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No. 2 — $1,115,000 · 4024 N Galloway Dr, Memphis, Tennessee

Top home sale No. 2 in the Memphis, Tennessee metro area β€” 4024 N Galloway Dr, Memphis, Tennessee, week ending August 9, 2026

A 1935 custom-built house in the Red Acres neighborhood of Memphis took the No. 2 position. The residence at 4024 N Galloway Dr sold for $1,115,000 on August 7, 2026, and carries four bedrooms, four full and two half bathrooms and a reported 4,039 square feet.

According to the listing, the house has been featured in magazines and newspapers, and it has been renovated steadily while keeping its original detail. Tall ceilings, hardwood floors, hand-crafted millwork and several fireplaces run through the main rooms. A living room off the foyer opens through two doors onto a screened porch, and a den with a fireplace and built-ins sits nearby, along with a formal dining room. A garden room added in recent years overlooks the gardens and brick terraces, and a custom bar with its own icemaker adjoins the kitchen and keeping room. The bedrooms are all upstairs, and a separate guest cottage stands on the property.

Denise B Ware of Ware Jones, Realtors was the listing agent. The $1,115,000 closing placed Ware at the listing side of the second-highest-priced home sale reported in the Memphis metro area for the week ending August 9, 2026. Conlee Stringfellow of Ware Jones, Realtors represented the buyer. The house previously changed hands for $445,000 in 1993.

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No. 3 — $1,100,000 · 255 Ridgewood Dr, Piperton, Tennessee

Top home sale No. 3 in the Memphis, Tennessee metro area β€” 255 Ridgewood Dr, Piperton, Tennessee, week ending August 9, 2026

Piperton contributed the No. 3 sale. Built in 2010 on a private one-acre lot, 255 Ridgewood Dr changed hands for $1,100,000 in a closing recorded August 3, 2026, and offers six bedrooms, seven bathrooms and a reported 5,988 square feet.

A heated saltwater pool with a grotto waterfall sits behind the house, alongside a full two-story guest house. Two of the bedrooms are on the main floor, where three fireplaces, wood beams and 10-foot ceilings run through rooms built around a large kitchen. The upper floor holds a playroom, a media room and a hidden office.

Shannan McWaters of The Firm | Memphis Real Estate was the listing agent. The $1,100,000 transaction ranked No. 3 in RealtyWire’s Memphis Metro Area Top 5 home sales for the week ending August 9, 2026. Jennifer Carstensen of Real Estate Agency represented the buyer. The property previously changed hands for $850,000 in 2017.

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No. 4 — $1,065,000 · 2620 Preakness Pl, Eads, Tennessee

Top home sale No. 4 in the Memphis, Tennessee metro area β€” 2620 Preakness Pl, Eads, Tennessee, week ending August 9, 2026

The No. 4 sale was a custom estate on roughly four acres in the Wind Chase Farms subdivision of Eads. Built in 2000, 2620 Preakness Pl traded for $1,065,000 in a transaction recorded August 3, 2026, with four bedrooms and a reported 5,540 square feet.

The grounds carry a two-stall barn, a stocked pond, an irrigation system and a heated and cooled workshop fitted with a car lift, along with a finished she shed. Indoors the house has surround sound and a laundry area set up for two dryers, and the walls and trim have been freshly painted. A whole-home generator backs up the property and an EV outlet is installed in the garage. The HVAC was replaced in 2021 and the water heaters in 2018, and the roof is about eight years old. Collierville, Germantown and Arlington are all within easy reach.

Joyce A McKenzie and Matthew Caldwell of Crye-Leike, Inc., Realtors were the listing agents. The $1,065,000 closing put them on the listing side of one of the metro’s five highest-priced reported sales for the week ending August 9, 2026, ranking No. 4 in RealtyWire’s Memphis Metro Area Top 5. Theresa C Guy of Keller Williams represented the buyer. The property previously changed hands for $430,000 in 2016.

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No. 5 — $950,000 · 55 Cherry Rd, Memphis, Tennessee

Top home sale No. 5 in the Memphis, Tennessee metro area β€” 55 Cherry Rd, Memphis, Tennessee, week ending August 9, 2026

A 1972 house in Memphis closed out the list. Set on 1.23 acres, 55 Cherry Rd sold for $950,000 in a closing recorded August 3, 2026, with four bedrooms, five bathrooms and a reported 4,998 square feet.

An architect and designer team carried out the remodel. The dining room has a granite fireplace, the great room opens onto the rest of the main floor, and the kitchen, finished in granite and stainless steel, connects to a keeping room. The bathrooms have been renovated, and a guest house stands on the grounds.

The property previously changed hands for $680,000 in 2002. RealtyWire could not verify the listing agent or brokerage for this sale in time for publication and welcomes a correction from the professionals involved. The $950,000 transaction ranked No. 5 in RealtyWire’s Memphis Metro Area Top 5 home sales for the week ending August 9, 2026.

See this property in Google Street View →


RealtyWire selected these transactions from publicly reported residential sales identified for the calendar week ending Sunday, August 9, 2026. The report may exclude private, off-market, delayed or nondisclosed transactions. Prices, property details and professional representation are reported as available at publication and may be updated following confirmation from transaction participants.

Were you involved in one of these transactions? Contact RealtyWire to verify or correct your professional credit or submit information for a future edition.

See full market data on our Memphis, Tennessee market page.

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