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Memphis Market Report

$224,465

AVERAGE PRICE OF 1,792 HOMES

$1,635,426

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$360,839

AVERAGE PRICE OF 75 NEWLY BUILT HOMES

$476,733

AVERAGE PRICE OF 172 HOMES WITH A POOL

$307,239

AVERAGE PRICE OF 43 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $224,465
Avg Bedrooms 2.54 beds
Avg Bathrooms 1.44 baths

Average Price by Bedrooms

1 bedroom $149,005
2 bedrooms $85,125
3 bedrooms $157,822
4 bedrooms $327,925
5 bedrooms $666,620
Memphis Home Price Trends
  7/2020 6/2020 5/2020 4/2020 3/2020
Total Listings 1,828 1,857 1,842 1,924 1,951
Average Price $223,786 $224,157 $214,971 $210,649 $209,853
Avg Price Change -0.17% +4.27% +2.05% +0.38% +6.37%
Median Price $142,060 $140,621 $135,815 $130,735 $126,711
Med Price Change +1.02% +3.54% +3.89% +3.18% +5.83%
Avg Bedrooms 2.36 beds 2.36 beds 2.55 beds 3.48 beds 3.32 beds
Avg Bathrooms 1.62 baths 1.63 baths 1.44 baths 2.28 baths 2.3 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,792 $224,465 244 days
Multi-Million Dollar Homes 35 $1,635,426 145 days
Newly Built Homes 75 $360,839 118 days
Homes with a Pool 172 $476,733 74 days
Reduced Price Homes 43 $307,239 42 days
Distressed Homes 1 $40,800 391 days
Copyright © 2020 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 August 13, 2020
All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Copyright 2020 RealTracs Solutions. Listing information last updated on August 13, 2020.
Copyright 2020 Northwest Mississippi Association of REALTORS® - REALTOR® Services Corporation Copyright© 2020 by the Multiple Listing Service of REALTOR® SERVICES CORPORATION a subsidiary of the Northwest Mississippi Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the REALTOR® SERVICES CORPORATION a subsidiary of the Northwest Mississippi Association of REALTORS®. Mississippi recognizes single and dual agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is not prohibited.
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