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Amanda Kirkman
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Memphis Market Report

$201,290

AVERAGE PRICE OF 2,155 HOMES

$1,540,281

AVERAGE PRICE OF 37 MULTI-MILLION DOLLAR HOMES

$362,399

AVERAGE PRICE OF 74 NEWLY BUILT HOMES

$472,441

AVERAGE PRICE OF 207 HOMES WITH A POOL

$309,737

AVERAGE PRICE OF 61 REDUCED PRICE HOMES

Average Home

Average Price $201,290
Avg Bedrooms 3.13 beds
Avg Bathrooms 1.89 baths

Average Price by Bedrooms

1 bedroom $171,882
2 bedrooms $105,701
3 bedrooms $132,358
4 bedrooms $291,568
5 bedrooms $578,542
Memphis Home Price Trends
  10/2019 9/2019 8/2019 7/2019 6/2019
Total Listings 2,236 2,234 2,277 2,290 2,327
Average Price $193,117 $191,582 $194,332 $196,817 $196,449
Avg Price Change +0.80% -1.44% -1.28% +0.19% +1.39%
Median Price $109,826 $107,061 $108,933 $112,383 $112,051
Med Price Change +2.58% -1.75% -3.17% +0.30% +3.00%
Avg Bedrooms 3.89 beds 4.05 beds 3.84 beds 3.56 beds 3.61 beds
Avg Bathrooms 2.4 baths 2.42 baths 2.33 baths 2.31 baths 2.35 baths
Total Homes Average Price Avg Days on Site
All Homes 2,155 $201,290 102 days
Multi-Million Dollar Homes 37 $1,540,281 162 days
Newly Built Homes 74 $362,399 98 days
Homes with a Pool 207 $472,441 87 days
Reduced Price Homes 61 $309,737 57 days