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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

Copyright © 2023 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 2, 2023