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Memphis Market Report

$262,014

AVERAGE PRICE OF 2,464 HOMES

$1,544,572

AVERAGE PRICE OF 47 MULTI-MILLION DOLLAR HOMES

$394,634

AVERAGE PRICE OF 104 NEWLY BUILT HOMES

$436,024

AVERAGE PRICE OF 257 HOMES WITH A POOL

$312,213

AVERAGE PRICE OF 108 REDUCED PRICE HOMES

Average Home

Average Price $262,014
Avg Bedrooms 3.05 beds
Avg Bathrooms 1.84 baths

Average Price by Bedrooms

1 bedroom $161,964
2 bedrooms $155,602
3 bedrooms $212,918
4 bedrooms $365,510
5 bedrooms $601,926
Memphis Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 2,293 2,440 2,644 2,688 2,619
Average Price $270,373 $273,316 $274,742 $282,317 $281,762
Avg Price Change -1.09% -0.52% -2.76% +0.20% +1.52%
Median Price $201,017 $202,357 $211,946 $218,367 $217,378
Med Price Change -0.67% -4.74% -3.03% +0.45% +1.12%
Avg Bedrooms 3.05 beds 3.03 beds 3.02 beds 3.07 beds 3.07 beds
Avg Bathrooms 1.84 baths 1.83 baths 1.85 baths 1.88 baths 1.88 baths
Total Homes Average Price Avg Days on Site
All Homes 2,464 $262,014 95 days
Multi-Million Dollar Homes 47 $1,544,572 138 days
Newly Built Homes 104 $394,634 113 days
Homes with a Pool 257 $436,024 93 days
Reduced Price Homes 108 $312,213 80 days