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 HOMESAverage 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 |
