Memphis Market Report
$217,897
AVERAGE PRICE OF 1,758 HOMES$1,683,284
AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES$335,339
AVERAGE PRICE OF 78 NEWLY BUILT HOMES$497,875
AVERAGE PRICE OF 142 HOMES WITH A POOL$351,295
AVERAGE PRICE OF 24 REDUCED PRICE HOMESAverage Home
| Average Price | $217,897 |
| Avg Bedrooms | 3.05 beds |
| Avg Bathrooms | 1.76 baths |
Average Price by Bedrooms
| 1 bedroom | $161,810 |
| 2 bedrooms | $133,516 |
| 3 bedrooms | $167,803 |
| 4 bedrooms | $296,202 |
| 5 bedrooms | $689,522 |
Memphis Home Price Trends
| 4/2021 | 3/2021 | 2/2021 | 1/2021 | 12/2020 | |
|---|---|---|---|---|---|
| Total Listings | 1,605 | 1,521 | n/a | 1,516 | 1,675 |
| Average Price | $216,045 | $209,851 | n/a | $201,244 | $201,892 |
| Avg Price Change | +2.95% | n/a | n/a | -0.32% | -5.25% |
| Median Price | $146,515 | $130,236 | n/a | $131,063 | $132,297 |
| Med Price Change | +12.50% | n/a | n/a | -0.94% | -3.93% |
| Avg Bedrooms | 3 beds | 3.04 beds | n/a | 3.05 beds | 3.03 beds |
| Avg Bathrooms | 1.74 baths | 1.75 baths | n/a | 1.78 baths | 1.8 baths |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,758 | $217,897 | 93 days |
| Multi-Million Dollar Homes | 31 | $1,683,284 | 143 days |
| Newly Built Homes | 78 | $335,339 | 129 days |
| Homes with a Pool | 142 | $497,875 | 79 days |
| Reduced Price Homes | 24 | $351,295 | 56 days |
