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 HOMESAverage 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 |
