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  • Memphis Market Report

    $222,727

    AVERAGE PRICE OF 1,820 HOMES

    $1,720,928

    AVERAGE PRICE OF 29 MULTI-MILLION DOLLAR HOMES

    $363,078

    AVERAGE PRICE OF 94 NEWLY BUILT HOMES

    $537,574

    AVERAGE PRICE OF 157 HOMES WITH A POOL

    $271,951

    AVERAGE PRICE OF 62 REDUCED PRICE HOMES

    Average Home

    Average Price $222,727
    Avg Bedrooms 3.07 beds
    Avg Bathrooms 1.8 baths

    Average Price by Bedrooms

    1 bedroom $154,965
    2 bedrooms $127,737
    3 bedrooms $172,520
    4 bedrooms $316,719
    5 bedrooms $626,978
    Memphis Home Price Trends
      9/2021 8/2021 7/2021 6/2021 5/2021
    Total Listings 1,963 1,998 1,942 1,844 1,741
    Average Price $217,504 $218,958 $223,530 $219,568 $218,274
    Avg Price Change -0.67% -2.09% +1.80% +0.59% +1.03%
    Median Price $151,566 $152,839 $152,541 $150,908 $153,083
    Med Price Change -0.84% +0.20% +1.08% -1.44% +4.48%
    Avg Bedrooms 3.03 beds 3.03 beds 3.05 beds 3.05 beds 3.04 beds
    Avg Bathrooms 1.77 baths 1.76 baths 1.78 baths 1.78 baths 1.76 baths
    Total Homes Average Price Avg Days on Site
    All Homes 1,820 $222,727 94 days
    Multi-Million Dollar Homes 29 $1,720,928 129 days
    Newly Built Homes 94 $363,078 83 days
    Homes with a Pool 157 $537,574 67 days
    Reduced Price Homes 62 $271,951 36 days
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