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Memphis Market Report

$269,540

AVERAGE PRICE OF 2,552 HOMES

$1,562,404

AVERAGE PRICE OF 49 MULTI-MILLION DOLLAR HOMES

$399,296

AVERAGE PRICE OF 107 NEWLY BUILT HOMES

$446,867

AVERAGE PRICE OF 267 HOMES WITH A POOL

$274,757

AVERAGE PRICE OF 114 REDUCED PRICE HOMES

Average Home

Average Price	$269,540
Avg Bedrooms	3.04 beds
Avg Bathrooms	1.86 baths

Average Price by Bedrooms

1 bedroom	$178,274
2 bedrooms	$171,375
3 bedrooms	$216,158
4 bedrooms	$377,273
5 bedrooms	$599,883

Memphis Home Price Trends

	2/2025	1/2025	12/2024	11/2024	10/2024
Total Listings	2,445	2,293	2,440	2,644	2,688
Average Price	$262,729	$270,373	$273,316	$274,742	$282,317
Avg Price Change	-2.91%	-1.09%	-0.52%	-2.76%	+0.20%
Median Price	$199,923	$201,017	$202,357	$211,946	$218,367
Med Price Change	-0.55%	-0.67%	-4.74%	-3.03%	+0.45%
Avg Bedrooms	3.05 beds	3.05 beds	3.03 beds	3.02 beds	3.07 beds
Avg Bathrooms	1.84 baths	1.84 baths	1.83 baths	1.85 baths	1.88 baths

	Total Homes	Average Price	Avg Days on Site
All Homes	2,552	$269,540	91 days
Multi-Million Dollar Homes	49	$1,562,404	111 days
Newly Built Homes	107	$399,296	113 days
Homes with a Pool	267	$446,867	87 days
Reduced Price Homes	114	$274,757	78 days

Copyright © 2025 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 22, 2025