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  • Memphis Market Report

    $225,763

    AVERAGE PRICE OF 1,833 HOMES

    $1,646,021

    AVERAGE PRICE OF 42 MULTI-MILLION DOLLAR HOMES

    $317,563

    AVERAGE PRICE OF 77 NEWLY BUILT HOMES

    $479,706

    AVERAGE PRICE OF 182 HOMES WITH A POOL

    $334,436

    AVERAGE PRICE OF 38 REDUCED PRICE HOMES

    $40,800

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    Average Home

    Average Price $225,763
    Avg Bedrooms 2.53 beds
    Avg Bathrooms 1.44 baths

    Average Price by Bedrooms

    1 bedroom $159,466
    2 bedrooms $79,153
    3 bedrooms $158,593
    4 bedrooms $339,131
    5 bedrooms $708,581
    Memphis Home Price Trends
      6/2020 5/2020 4/2020 3/2020 2/2020
    Total Listings 1,857 1,842 1,924 1,951 1,954
    Average Price $224,157 $214,971 $210,649 $209,853 $197,284
    Avg Price Change +4.27% +2.05% +0.38% +6.37% +1.86%
    Median Price $140,621 $135,815 $130,735 $126,711 $119,726
    Med Price Change +3.54% +3.89% +3.18% +5.83% +6.48%
    Avg Bedrooms 2.36 beds 2.55 beds 3.48 beds 3.32 beds 3.45 beds
    Avg Bathrooms 1.63 baths 1.44 baths 2.28 baths 2.3 baths 2.22 baths
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 1,833 $225,763 232 days
    Multi-Million Dollar Homes 42 $1,646,021 145 days
    Newly Built Homes 77 $317,563 124 days
    Homes with a Pool 182 $479,706 87 days
    Reduced Price Homes 38 $334,436 49 days
    Distressed Homes 1 $40,800 360 days