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Memphis Market Report

$283,084

AVERAGE PRICE OF 2,613 HOMES

$1,567,033

AVERAGE PRICE OF 60 MULTI-MILLION DOLLAR HOMES

$444,753

AVERAGE PRICE OF 112 NEWLY BUILT HOMES

$471,153

AVERAGE PRICE OF 264 HOMES WITH A POOL

$318,456

AVERAGE PRICE OF 139 REDUCED PRICE HOMES

Average Home

Average Price	$283,084
Avg Bedrooms	3.06 beds
Avg Bathrooms	1.88 baths

Average Price by Bedrooms

1 bedroom	$172,725
2 bedrooms	$168,609
3 bedrooms	$226,094
4 bedrooms	$389,467
5 bedrooms	$645,538

Memphis Home Price Trends

	8/2024	7/2024	6/2024	5/2024	4/2024
Total Listings	2,632	2,651	2,534	2,401	2,322
Average Price	$277,547	$281,772	$286,474	$291,321	$275,218
Avg Price Change	-1.52%	-1.67%	-1.69%	+5.85%	+6.07%
Median Price	$214,979	$214,626	$218,981	$218,800	$206,825
Med Price Change	+0.16%	-2.03%	+0.08%	+5.79%	+5.05%
Avg Bedrooms	3.07 beds	3.06 beds	3.06 beds	3.05 beds	3.03 beds
Avg Bathrooms	1.87 baths	1.87 baths	1.88 baths	1.88 baths	1.84 baths

	Total Homes	Average Price	Avg Days on Site
All Homes	2,613	$283,084	88 days
Multi-Million Dollar Homes	60	$1,567,033	93 days
Newly Built Homes	112	$444,753	103 days
Homes with a Pool	264	$471,153	90 days
Reduced Price Homes	139	$318,456	63 days

Copyright © 2024 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 September 14, 2024