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  • Memphis Market Report

    $277,804

    AVERAGE PRICE OF 2,318 HOMES

    $1,674,745

    AVERAGE PRICE OF 46 MULTI-MILLION DOLLAR HOMES

    $437,297

    AVERAGE PRICE OF 79 NEWLY BUILT HOMES

    $527,679

    AVERAGE PRICE OF 227 HOMES WITH A POOL

    $337,966

    AVERAGE PRICE OF 118 REDUCED PRICE HOMES

    Average Home

    Average Price $277,804
    Avg Bedrooms 3.04 beds
    Avg Bathrooms 1.85 baths

    Average Price by Bedrooms

    1 bedroom $159,473
    2 bedrooms $163,761
    3 bedrooms $219,454
    4 bedrooms $392,239
    5 bedrooms $672,027
    Memphis Home Price Trends
      3/2024 2/2024 1/2024 12/2023 11/2023
    Total Listings 2,232 2,121 2,012 2,295 2,357
    Average Price $259,457 $254,766 $254,904 $248,743 $255,693
    Avg Price Change +1.84% -0.05% +2.48% -2.79% +1.59%
    Median Price $196,887 $193,515 $195,841 $189,356 $193,996
    Med Price Change +1.74% -1.20% +3.42% -2.45% +4.10%
    Avg Bedrooms 3.03 beds 3.03 beds 3.05 beds 3.05 beds 3.06 beds
    Avg Bathrooms 1.81 baths 1.79 baths 1.8 baths 1.77 baths 1.8 baths
    Total Homes Average Price Avg Days on Site
    All Homes 2,318 $277,804 79 days
    Multi-Million Dollar Homes 46 $1,674,745 84 days
    Newly Built Homes 79 $437,297 113 days
    Homes with a Pool 227 $527,679 78 days
    Reduced Price Homes 118 $337,966 55 days