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Memphis Market Report

$203,059

AVERAGE PRICE OF 1,544 HOMES

$1,756,533

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$325,706

AVERAGE PRICE OF 84 NEWLY BUILT HOMES

$477,567

AVERAGE PRICE OF 151 HOMES WITH A POOL

$355,627

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price	$203,059
Avg Bedrooms	3.06 beds
Avg Bathrooms	1.75 baths

Average Price by Bedrooms

1 bedroom	$146,157
2 bedrooms	$115,930
3 bedrooms	$146,448
4 bedrooms	$288,069
5 bedrooms	$678,198

Memphis Home Price Trends

	2/2021	1/2021	12/2020	11/2020	10/2020
Total Listings	n/a	1,516	1,675	1,819	1,894
Average Price	n/a	$201,244	$201,892	$212,498	$219,698
Avg Price Change	n/a	-0.32%	-5.25%	-3.39%	-0.26%
Median Price	n/a	$131,063	$132,297	$137,496	$140,728
Med Price Change	n/a	-0.94%	-3.93%	-2.35%	+0.07%
Avg Bedrooms	n/a	3.05 beds	3.03 beds	3.06 beds	3.07 beds
Avg Bathrooms	n/a	1.78 baths	1.8 baths	1.82 baths	1.84 baths

	Total Homes	Average Price	Avg Days on Site
All Homes	1,544	$203,059	109 days
Multi-Million Dollar Homes	30	$1,756,533	138 days
Newly Built Homes	84	$325,706	103 days
Homes with a Pool	151	$477,567	86 days
Reduced Price Homes	22	$355,627	54 days

Copyright © 2021 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 March 1, 2021