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  • Memphis Market Report

    $203,059

    AVERAGE PRICE OF 1,544 HOMES

    $1,756,533

    AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

    $325,706

    AVERAGE PRICE OF 84 NEWLY BUILT HOMES

    $477,567

    AVERAGE PRICE OF 151 HOMES WITH A POOL

    $355,627

    AVERAGE PRICE OF 22 REDUCED PRICE HOMES

    Average Home

    Average Price $203,059
    Avg Bedrooms 3.06 beds
    Avg Bathrooms 1.75 baths

    Average Price by Bedrooms

    1 bedroom $146,157
    2 bedrooms $115,930
    3 bedrooms $146,448
    4 bedrooms $288,069
    5 bedrooms $678,198
    Memphis Home Price Trends
      2/2021 1/2021 12/2020 11/2020 10/2020
    Total Listings n/a 1,516 1,675 1,819 1,894
    Average Price n/a $201,244 $201,892 $212,498 $219,698
    Avg Price Change n/a -0.32% -5.25% -3.39% -0.26%
    Median Price n/a $131,063 $132,297 $137,496 $140,728
    Med Price Change n/a -0.94% -3.93% -2.35% +0.07%
    Avg Bedrooms n/a 3.05 beds 3.03 beds 3.06 beds 3.07 beds
    Avg Bathrooms n/a 1.78 baths 1.8 baths 1.82 baths 1.84 baths
    Total Homes Average Price Avg Days on Site
    All Homes 1,544 $203,059 109 days
    Multi-Million Dollar Homes 30 $1,756,533 138 days
    Newly Built Homes 84 $325,706 103 days
    Homes with a Pool 151 $477,567 86 days
    Reduced Price Homes 22 $355,627 54 days