If you need assistance, please call 901-230-3874

Memphis

Why you'd want to live in Memphis

So, you think you know Memphis. Birthplace of blues, soul and rock’n’roll. Legendary BBQ. Beale Street. Home to Elvis, Ida B. Wells, B.B. King, and beyond. But that’s just the start of our story. Memphis is also the #1 metro for black entrepreneurship. The most giving city in America. Home to St. Jude Research Hospital and FedEx. And our artists and producers dominate the Billboard charts to this day, from Moneybagg Yo and Tay Keith to Julien Baker and beyond. The magic of Memphis is its intersections—of people, identities and ideas, coming together to create something exceptional. Some call it culture. We call it soul. Let us tell you about that Memphis—and why it just might be the perfect place to start your business, buy your home, embark on your career, or pursue your art. via whymemphis.com

Memphis Market Report

$280,947

AVERAGE PRICE OF 2,335 HOMES

$1,637,266

AVERAGE PRICE OF 50 MULTI-MILLION DOLLAR HOMES

$459,807

AVERAGE PRICE OF 88 NEWLY BUILT HOMES

$533,379

AVERAGE PRICE OF 227 HOMES WITH A POOL

$347,002

AVERAGE PRICE OF 120 REDUCED PRICE HOMES

Average Home

Average Price $280,947
Avg Bedrooms 3.04 beds
Avg Bathrooms 1.86 baths

Average Price by Bedrooms

1 bedroom $159,420
2 bedrooms $165,240
3 bedrooms $223,376
4 bedrooms $394,251
5 bedrooms $665,534
Memphis Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 2,232 2,121 2,012 2,295 2,357
Average Price $259,457 $254,766 $254,904 $248,743 $255,693
Avg Price Change +1.84% -0.05% +2.48% -2.79% +1.59%
Median Price $196,887 $193,515 $195,841 $189,356 $193,996
Med Price Change +1.74% -1.20% +3.42% -2.45% +4.10%
Avg Bedrooms 3.03 beds 3.03 beds 3.05 beds 3.05 beds 3.06 beds
Avg Bathrooms 1.81 baths 1.79 baths 1.8 baths 1.77 baths 1.8 baths
Total Homes Average Price Avg Days on Site
All Homes 2,335 $280,947 80 days
Multi-Million Dollar Homes 50 $1,637,266 81 days
Newly Built Homes 88 $459,807 105 days
Homes with a Pool 227 $533,379 79 days
Reduced Price Homes 120 $347,002 61 days
Bluff City Properties
Mark Thoman
5119 Summer Ave #229
Memphis, TN 38122
901-230-3874

Copyright © 2024 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 April 23, 2024
This site powered by CINC: www.cincpro.com