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

Memphis Market Report

$256,250

AVERAGE PRICE OF 2,152 HOMES

$1,510,028

AVERAGE PRICE OF 32 MULTI-MILLION DOLLAR HOMES

$446,833

AVERAGE PRICE OF 75 NEWLY BUILT HOMES

$456,190

AVERAGE PRICE OF 208 HOMES WITH A POOL

$323,128

AVERAGE PRICE OF 101 REDUCED PRICE HOMES

Average Home

Average Price $256,250
Avg Bedrooms 3.04 beds
Avg Bathrooms 1.79 baths

Average Price by Bedrooms

1 bedroom $175,341
2 bedrooms $153,134
3 bedrooms $210,053
4 bedrooms $359,323
5 bedrooms $684,456
Memphis Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 2,012 2,295 2,357 2,403 2,295
Average Price $254,904 $248,743 $255,693 $251,695 $243,784
Avg Price Change +2.48% -2.79% +1.59% +3.25% -1.96%
Median Price $195,841 $189,356 $193,996 $186,348 $176,119
Med Price Change +3.42% -2.45% +4.10% +5.81% -3.06%
Avg Bedrooms 3.05 beds 3.05 beds 3.06 beds 3.05 beds 3.06 beds
Avg Bathrooms 1.8 baths 1.77 baths 1.8 baths 1.79 baths 1.79 baths
Total Homes Average Price Avg Days on Site
All Homes 2,152 $256,250 87 days
Multi-Million Dollar Homes 32 $1,510,028 114 days
Newly Built Homes 75 $446,833 117 days
Homes with a Pool 208 $456,190 84 days
Reduced Price Homes 101 $323,128 73 days
Bluff City Properties
Mark Thoman
5119 Summer Ave #229
Memphis, TN 38122
901-230-3874

Copyright Ā© 2024 Memphis Area Association of REALTORSĀ®. 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 February 29, 2024
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