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  • Memphis Market Report

    $217,897

    AVERAGE PRICE OF 1,758 HOMES

    $1,683,284

    AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

    $335,339

    AVERAGE PRICE OF 78 NEWLY BUILT HOMES

    $497,875

    AVERAGE PRICE OF 142 HOMES WITH A POOL

    $351,295

    AVERAGE PRICE OF 24 REDUCED PRICE HOMES

    Average Home

    Average Price $217,897
    Avg Bedrooms 3.05 beds
    Avg Bathrooms 1.76 baths

    Average Price by Bedrooms

    1 bedroom $161,810
    2 bedrooms $133,516
    3 bedrooms $167,803
    4 bedrooms $296,202
    5 bedrooms $689,522
    Memphis Home Price Trends
      4/2021 3/2021 2/2021 1/2021 12/2020
    Total Listings 1,605 1,521 n/a 1,516 1,675
    Average Price $216,045 $209,851 n/a $201,244 $201,892
    Avg Price Change +2.95% n/a n/a -0.32% -5.25%
    Median Price $146,515 $130,236 n/a $131,063 $132,297
    Med Price Change +12.50% n/a n/a -0.94% -3.93%
    Avg Bedrooms 3 beds 3.04 beds n/a 3.05 beds 3.03 beds
    Avg Bathrooms 1.74 baths 1.75 baths n/a 1.78 baths 1.8 baths
    Total Homes Average Price Avg Days on Site
    All Homes 1,758 $217,897 93 days
    Multi-Million Dollar Homes 31 $1,683,284 143 days
    Newly Built Homes 78 $335,339 129 days
    Homes with a Pool 142 $497,875 79 days
    Reduced Price Homes 24 $351,295 56 days
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