The Mississippi River is a defining feature of Downtown Memphis, but the residential experience changes between the riverfront, South Main and the other city-center districts. Condominiums and townhomes place buyers among public spaces, dining and cultural destinations. Building layout, parking arrangements and the streets immediately outside the door are central to comparing these homes. Harbor Town/Downtown and South Bluffs/Downtown together accounted for 268 closed residential sales in 2025. The combined median stood at $285,000, and the average was $293,885, reflecting a ↑ $2,095 change from 2024. Average selling time for this Downtown benchmark was 75 days.

Reporting scope: MLS map areas 741 (Harbor Town/Downtown) and 745 (South Bluffs/Downtown). Residential listings with closed status and closing dates January 1–December 31, 2025; arrow comparison uses January 1–December 31, 2024 with the same filters. Includes existing and new homes entered in the MLS. The reporting area combines several Downtown districts; individual districts and buildings can have different prices.

Source: Memphis Area Association of REALTORS® (MAAR), Paragon MLS. Information is deemed reliable but not guaranteed. Statistics reflect the stated reporting boundaries and property types and may be revised.