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 HOMESAverage 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 |