Memphis Market Report
$251,803
AVERAGE PRICE OF 2,320 HOMES$1,466,596
AVERAGE PRICE OF 36 MULTI-MILLION DOLLAR HOMES$369,278
AVERAGE PRICE OF 93 NEWLY BUILT HOMES$438,208
AVERAGE PRICE OF 201 HOMES WITH A POOL$264,293
AVERAGE PRICE OF 130 REDUCED PRICE HOMESAverage Home
Average Price | $251,803 |
Avg Bedrooms | 3.07 beds |
Avg Bathrooms | 1.79 baths |
Average Price by Bedrooms
1 bedroom | $169,364 |
2 bedrooms | $161,528 |
3 bedrooms | $201,346 |
4 bedrooms | $346,255 |
5 bedrooms | $619,654 |
Memphis Home Price Trends
11/2023 | 10/2023 | 9/2023 | 8/2023 | 7/2023 | |
---|---|---|---|---|---|
Total Listings | 2,357 | 2,403 | 2,295 | 2,188 | 2,156 |
Average Price | $255,693 | $251,695 | $243,784 | $248,550 | $253,157 |
Avg Price Change | +1.59% | +3.25% | -1.96% | -1.85% | -1.72% |
Median Price | $193,996 | $186,348 | $176,119 | $181,515 | $189,016 |
Med Price Change | +4.10% | +5.81% | -3.06% | -4.13% | -2.39% |
Avg Bedrooms | 3.06 beds | 3.05 beds | 3.06 beds | 3.06 beds | 3.08 beds |
Avg Bathrooms | 1.8 baths | 1.79 baths | 1.79 baths | 1.8 baths | 1.8 baths |
Total Homes | Average Price | Avg Days on Site | |
---|---|---|---|
All Homes | 2,320 | $251,803 | 83 days |
Multi-Million Dollar Homes | 36 | $1,466,596 | 109 days |
Newly Built Homes | 93 | $369,278 | 124 days |
Homes with a Pool | 201 | $438,208 | 72 days |
Reduced Price Homes | 130 | $264,293 | 53 days |