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  • Memphis Market Report

    $236,608

    AVERAGE PRICE OF 1,920 HOMES

    $1,535,482

    AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES

    $338,430

    AVERAGE PRICE OF 135 NEWLY BUILT HOMES

    $492,188

    AVERAGE PRICE OF 143 HOMES WITH A POOL

    $309,820

    AVERAGE PRICE OF 65 REDUCED PRICE HOMES

    Average Home

    Average Price $236,608
    Avg Bedrooms 3.06 beds
    Avg Bathrooms 1.76 baths

    Average Price by Bedrooms

    1 bedroom $118,477
    2 bedrooms $137,518
    3 bedrooms $197,935
    4 bedrooms $344,607
    5 bedrooms $526,036
    Memphis Home Price Trends
      2/2023 1/2023 12/2022 11/2022 10/2022
    Total Listings 1,796 1,690 1,833 1,974 2,025
    Average Price $238,815 $239,406 $241,765 $246,161 $243,987
    Avg Price Change -0.25% -0.99% -1.82% +0.89% +0.75%
    Median Price $184,000 $184,423 $181,095 $185,516 $183,978
    Med Price Change -0.23% +1.84% -2.44% +0.84% +2.88%
    Avg Bedrooms 3.05 beds 3.06 beds 3.06 beds 3.05 beds 3.04 beds
    Avg Bathrooms 1.78 baths 1.79 baths 1.8 baths 1.8 baths 1.8 baths
    Total Homes Average Price Avg Days on Site
    All Homes 1,920 $236,608 84 days
    Multi-Million Dollar Homes 27 $1,535,482 81 days
    Newly Built Homes 135 $338,430 126 days
    Homes with a Pool 143 $492,188 73 days
    Reduced Price Homes 65 $309,820 61 days
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