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Memphis Market Report

$205,282

AVERAGE PRICE OF 1,722 HOMES

$1,698,458

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$308,704

AVERAGE PRICE OF 91 NEWLY BUILT HOMES

$431,253

AVERAGE PRICE OF 160 HOMES WITH A POOL

$288,745

AVERAGE PRICE OF 31 REDUCED PRICE HOMES

Average Home

Average Price $205,282
Avg Bedrooms 3.02 beds
Avg Bathrooms 1.8 baths

Average Price by Bedrooms

1 bedroom $152,669
2 bedrooms $120,202
3 bedrooms $151,988
4 bedrooms $316,269
5 bedrooms $620,358
Memphis Home Price Trends
  11/2020 10/2020 9/2020 8/2020 7/2020
Total Listings 1,819 1,894 1,896 1,834 1,826
Average Price $212,498 $219,698 $220,262 $221,210 $223,790
Avg Price Change -3.39% -0.26% -0.43% -1.17% -0.17%
Median Price $137,496 $140,728 $140,630 $141,625 $141,975
Med Price Change -2.35% +0.07% -0.71% -0.25% +1.02%
Avg Bedrooms 3.06 beds 3.07 beds 3.09 beds 3.06 beds 3.07 beds
Avg Bathrooms 1.82 baths 1.84 baths 1.87 baths 1.86 baths 1.87 baths
Total Homes Average Price Avg Days on Site
All Homes 1,722 $205,282 102 days
Multi-Million Dollar Homes 24 $1,698,458 146 days
Newly Built Homes 91 $308,704 113 days
Homes with a Pool 160 $431,253 76 days
Reduced Price Homes 31 $288,745 48 days
eXp Realty | The Morrow Group
Donnie Morrow
3401 Mallory Ln ste 100
Franklin, TN 37067
901-359-9698

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Copyright © 2020 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but not guaranteed. Some or all of the listings displayed may not belong to the firm whose web site is being visited. This listing was refreshed on December 4, 2020
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