Memphis Market Report
$243,113
AVERAGE PRICE OF 2,065 HOMES$1,548,133
AVERAGE PRICE OF 36 MULTI-MILLION DOLLAR HOMES$312,393
AVERAGE PRICE OF 139 NEWLY BUILT HOMES$503,032
AVERAGE PRICE OF 158 HOMES WITH A POOL$287,321
AVERAGE PRICE OF 117 REDUCED PRICE HOMESAverage Home
| Average Price | $243,113 |
| Avg Bedrooms | 3.06 beds |
| Avg Bathrooms | 1.8 baths |
Average Price by Bedrooms
| 1 bedroom | $141,568 |
| 2 bedrooms | $141,689 |
| 3 bedrooms | $200,116 |
| 4 bedrooms | $343,423 |
| 5 bedrooms | $611,443 |
Memphis Home Price Trends
| 8/2022 | 7/2022 | 6/2022 | 5/2022 | 4/2022 | |
|---|---|---|---|---|---|
| Total Listings | 2,044 | 2,093 | n/a | n/a | n/a |
| Average Price | $239,560 | $237,350 | n/a | n/a | n/a |
| Avg Price Change | +0.93% | n/a | n/a | n/a | n/a |
| Median Price | $177,401 | $176,600 | n/a | n/a | n/a |
| Med Price Change | +0.45% | n/a | n/a | n/a | n/a |
| Avg Bedrooms | 3.03 beds | 3.04 beds | n/a | n/a | n/a |
| Avg Bathrooms | 1.78 baths | 1.79 baths | n/a | n/a | n/a |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 2,065 | $243,113 | 86 days |
| Multi-Million Dollar Homes | 36 | $1,548,133 | 76 days |
| Newly Built Homes | 139 | $312,393 | 113 days |
| Homes with a Pool | 158 | $503,032 | 56 days |
| Reduced Price Homes | 117 | $287,321 | 40 days |
