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Memphis Market Report

$267,709

AVERAGE PRICE OF 2,544 HOMES

$1,613,644

AVERAGE PRICE OF 48 MULTI-MILLION DOLLAR HOMES

$425,967

AVERAGE PRICE OF 110 NEWLY BUILT HOMES

$460,730

AVERAGE PRICE OF 251 HOMES WITH A POOL

$274,638

AVERAGE PRICE OF 93 REDUCED PRICE HOMES

Average Home

Average Price $267,709
Avg Bedrooms 3.02 beds
Avg Bathrooms 1.83 baths

Average Price by Bedrooms

1 bedroom $166,437
2 bedrooms $165,754
3 bedrooms $214,901
4 bedrooms $380,155
5 bedrooms $596,910
Memphis Home Price Trends
  11/2024 10/2024 9/2024 8/2024 7/2024
Total Listings 2,644 2,688 2,619 2,632 2,651
Average Price $274,742 $282,317 $281,762 $277,547 $281,772
Avg Price Change -2.76% +0.20% +1.52% -1.52% -1.67%
Median Price $211,946 $218,367 $217,378 $214,979 $214,626
Med Price Change -3.03% +0.45% +1.12% +0.16% -2.03%
Avg Bedrooms 3.02 beds 3.07 beds 3.07 beds 3.07 beds 3.06 beds
Avg Bathrooms 1.85 baths 1.88 baths 1.88 baths 1.87 baths 1.87 baths
Total Homes Average Price Avg Days on Site
All Homes 2,544 $267,709 96 days
Multi-Million Dollar Homes 48 $1,613,644 132 days
Newly Built Homes 110 $425,967 137 days
Homes with a Pool 251 $460,730 96 days
Reduced Price Homes 93 $274,638 79 days
Bluff City Properties
Mark Thoman
5119 Summer Ave #229
Memphis, TN 38122
901-230-3874
Mark Thoman

Fair Housing/Equal Opportunity
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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 December 4, 2024
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