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  • Memphis Market Report

    $222,287

    AVERAGE PRICE OF 1,957 HOMES

    $1,722,719

    AVERAGE PRICE OF 37 MULTI-MILLION DOLLAR HOMES

    $364,374

    AVERAGE PRICE OF 70 NEWLY BUILT HOMES

    $556,393

    AVERAGE PRICE OF 153 HOMES WITH A POOL

    $315,651

    AVERAGE PRICE OF 49 REDUCED PRICE HOMES

    Average Home

    Average Price $222,287
    Avg Bedrooms 3.03 beds
    Avg Bathrooms 1.77 baths

    Average Price by Bedrooms

    1 bedroom $156,050
    2 bedrooms $124,831
    3 bedrooms $167,529
    4 bedrooms $307,004
    5 bedrooms $709,551
    Memphis Home Price Trends
      6/2021 5/2021 4/2021 3/2021 2/2021
    Total Listings 1,844 1,741 1,605 1,521 n/a
    Average Price $219,568 $218,274 $216,045 $209,851 n/a
    Avg Price Change +0.59% +1.03% +2.95% n/a n/a
    Median Price $150,908 $153,083 $146,515 $130,236 n/a
    Med Price Change -1.44% +4.48% +12.50% n/a n/a
    Avg Bedrooms 3.05 beds 3.04 beds 3 beds 3.04 beds n/a
    Avg Bathrooms 1.78 baths 1.76 baths 1.74 baths 1.75 baths n/a
    Total Homes Average Price Avg Days on Site
    All Homes 1,957 $222,287 86 days
    Multi-Million Dollar Homes 37 $1,722,719 112 days
    Newly Built Homes 70 $364,374 126 days
    Homes with a Pool 153 $556,393 60 days
    Reduced Price Homes 49 $315,651 31 days
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