Memphis Market Report
$214,123
AVERAGE PRICE OF 1,836 HOMES$1,779,500
AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES$275,128
AVERAGE PRICE OF 100 NEWLY BUILT HOMES$474,918
AVERAGE PRICE OF 129 HOMES WITH A POOL$256,385
AVERAGE PRICE OF 55 REDUCED PRICE HOMESAverage Home
| Average Price | $214,123 |
| Avg Bedrooms | 2.93 beds |
| Avg Bathrooms | 1.68 baths |
Average Price by Bedrooms
| 1 bedroom | $179,187 |
| 2 bedrooms | $129,570 |
| 3 bedrooms | $179,787 |
| 4 bedrooms | $308,783 |
| 5 bedrooms | $523,580 |
Memphis Home Price Trends
| 4/2022 | 3/2022 | 2/2022 | 1/2022 | 12/2021 | |
|---|---|---|---|---|---|
| Total Listings | n/a | 1,763 | 1,700 | 1,651 | 1,775 |
| Average Price | n/a | $203,211 | $200,294 | $200,002 | $205,118 |
| Avg Price Change | n/a | +1.46% | +0.15% | -2.56% | n/a |
| Median Price | n/a | $142,526 | $139,146 | $137,886 | $143,316 |
| Med Price Change | n/a | +2.43% | +0.91% | -3.94% | n/a |
| Avg Bedrooms | n/a | 2.91 beds | 2.96 beds | 2.99 beds | 2.99 beds |
| Avg Bathrooms | n/a | 1.66 baths | 1.67 baths | 1.68 baths | 1.71 baths |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,836 | $214,123 | 96 days |
| Multi-Million Dollar Homes | 25 | $1,779,500 | 60 days |
| Newly Built Homes | 100 | $275,128 | 122 days |
| Homes with a Pool | 129 | $474,918 | 52 days |
| Reduced Price Homes | 55 | $256,385 | 55 days |
