If you need assistance, please call 901-505-0756

Matthew Lee

901-857-9353

Memphis Market Report

$285,837

AVERAGE PRICE OF 2,654 HOMES

$1,644,094

AVERAGE PRICE OF 62 MULTI-MILLION DOLLAR HOMES

$403,746

AVERAGE PRICE OF 117 NEWLY BUILT HOMES

$474,770

AVERAGE PRICE OF 311 HOMES WITH A POOL

$285,696

AVERAGE PRICE OF 139 REDUCED PRICE HOMES

Average Home

Average Price	$285,837
Avg Bedrooms	3.06 beds
Avg Bathrooms	1.9 baths

Average Price by Bedrooms

1 bedroom	$171,527
2 bedrooms	$171,838
3 bedrooms	$220,900
4 bedrooms	$397,043
5 bedrooms	$713,100

Memphis Home Price Trends

	3/2025	2/2025	1/2025	12/2024	11/2024
Total Listings	2,510	2,445	2,293	2,440	2,644
Average Price	$267,461	$262,729	$270,373	$273,316	$274,742
Avg Price Change	+1.80%	-2.91%	-1.09%	-0.52%	-2.76%
Median Price	$206,615	$199,923	$201,017	$202,357	$211,946
Med Price Change	+3.35%	-0.55%	-0.67%	-4.74%	-3.03%
Avg Bedrooms	3.04 beds	3.05 beds	3.05 beds	3.03 beds	3.02 beds
Avg Bathrooms	1.85 baths	1.84 baths	1.84 baths	1.83 baths	1.85 baths

	Total Homes	Average Price	Avg Days on Site
All Homes	2,654	$285,837	91 days
Multi-Million Dollar Homes	62	$1,644,094	111 days
Newly Built Homes	117	$403,746	118 days
Homes with a Pool	311	$474,770	82 days
Reduced Price Homes	139	$285,696	76 days

Copyright © 2025 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, 2025