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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

$277,557

AVERAGE PRICE OF 2,640 HOMES

$1,624,400

AVERAGE PRICE OF 55 MULTI-MILLION DOLLAR HOMES

$439,451

AVERAGE PRICE OF 123 NEWLY BUILT HOMES

$469,062

AVERAGE PRICE OF 274 HOMES WITH A POOL

$295,310

AVERAGE PRICE OF 130 REDUCED PRICE HOMES

Average Home

Average Price $277,557
Avg Bedrooms 3.02 beds
Avg Bathrooms 1.86 baths

Average Price by Bedrooms

1 bedroom $162,438
2 bedrooms $171,495
3 bedrooms $221,082
4 bedrooms $393,701
5 bedrooms $623,712
Memphis Home Price Trends
  10/2024 9/2024 8/2024 7/2024 6/2024
Total Listings 2,688 2,619 2,632 2,651 2,534
Average Price $282,317 $281,762 $277,547 $281,772 $286,474
Avg Price Change +0.20% +1.52% -1.52% -1.67% -1.69%
Median Price $218,367 $217,378 $214,979 $214,626 $218,981
Med Price Change +0.45% +1.12% +0.16% -2.03% +0.08%
Avg Bedrooms 3.07 beds 3.07 beds 3.07 beds 3.06 beds 3.06 beds
Avg Bathrooms 1.88 baths 1.88 baths 1.87 baths 1.87 baths 1.88 baths
Total Homes Average Price Avg Days on Site
All Homes 2,640 $277,557 91 days
Multi-Million Dollar Homes 55 $1,624,400 121 days
Newly Built Homes 123 $439,451 124 days
Homes with a Pool 274 $469,062 89 days
Reduced Price Homes 130 $295,310 79 days
Bluff City Properties
Mark Thoman
5119 Summer Ave #229
Memphis, TN 38122
901-230-3874
Mark Thoman

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 November 10, 2024
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