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  • 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 HOMES

    Average 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