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

Memphis Market Report

$286,148

AVERAGE PRICE OF 2,561 HOMES

$1,580,662

AVERAGE PRICE OF 58 MULTI-MILLION DOLLAR HOMES

$438,526

AVERAGE PRICE OF 96 NEWLY BUILT HOMES

$520,516

AVERAGE PRICE OF 271 HOMES WITH A POOL

$366,808

AVERAGE PRICE OF 153 REDUCED PRICE HOMES

Average Home

Average Price $286,148
Avg Bedrooms 3.06 beds
Avg Bathrooms 1.87 baths

Average Price by Bedrooms

1 bedroom $164,998
2 bedrooms $166,283
3 bedrooms $227,433
4 bedrooms $389,024
5 bedrooms $672,549
Memphis Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 2,401 2,322 2,232 2,121 2,012
Average Price $291,321 $275,218 $259,457 $254,766 $254,904
Avg Price Change +5.85% +6.07% +1.84% -0.05% +2.48%
Median Price $218,800 $206,825 $196,887 $193,515 $195,841
Med Price Change +5.79% +5.05% +1.74% -1.20% +3.42%
Avg Bedrooms 3.05 beds 3.03 beds 3.03 beds 3.03 beds 3.05 beds
Avg Bathrooms 1.88 baths 1.84 baths 1.81 baths 1.79 baths 1.8 baths
Total Homes Average Price Avg Days on Site
All Homes 2,561 $286,148 78 days
Multi-Million Dollar Homes 58 $1,580,662 75 days
Newly Built Homes 96 $438,526 94 days
Homes with a Pool 271 $520,516 77 days
Reduced Price Homes 153 $366,808 62 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 June 16, 2024
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