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Memphis

Why you'd want to live in Memphis

Civic pride runs deep in Memphis -- grit and grind country -- but, on a more micro level, Memphians also take extreme pride in their neighborhoods. You’ll find “38104tified” (Midtown’s zip code) or “Binghampton is Memphis” bumper stickers on cars across the city. Now that you’ve decided on moving to Memphis, you’ll need to decide whether you’re best-suited for our eclectic, unconventional Midtown, or the buttoned-up, suburban Cordova. Memphis is the Home of the Blues and the Birthplace of Rock 'n' Roll. MemphisTravel.com is your place to find the best in Memphis attractions, restaurants (and we're not just talkn' barbecue), history, nightlife and other things to do. Hear what's happening on Beale Street, learn what's inside the Memphis Pyramid and discover the appeal of our neighborhoods. via MemphisTravel.com

memphis

Memphis Market Report

$199,860

AVERAGE PRICE OF 1,551 HOMES

$1,666,407

AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES

$339,421

AVERAGE PRICE OF 71 NEWLY BUILT HOMES

$437,932

AVERAGE PRICE OF 156 HOMES WITH A POOL

$340,541

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $199,860
Avg Bedrooms 2.52 beds
Avg Bathrooms 1.39 baths

Average Price by Bedrooms

1 bedroom $136,420
2 bedrooms $78,495
3 bedrooms $145,485
4 bedrooms $302,158
5 bedrooms $656,162
Memphis Home Price Trends
  12/2020 11/2020 10/2020 9/2020 8/2020
Total Listings 1,676 1,820 1,895 1,897 1,835
Average Price $201,795 $212,403 $219,603 $220,204 $221,125
Avg Price Change -5.26% -3.39% -0.27% -0.42% -1.20%
Median Price $132,242 $137,442 $140,675 $140,614 $141,583
Med Price Change -3.93% -2.35% +0.04% -0.69% -0.34%
Avg Bedrooms 2.52 beds 2.53 beds 2.54 beds 2.77 beds 2.61 beds
Avg Bathrooms 1.4 baths 1.41 baths 1.42 baths 1.66 baths 1.51 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,551 $199,860 331 days
Multi-Million Dollar Homes 27 $1,666,407 142 days
Newly Built Homes 71 $339,421 113 days
Homes with a Pool 156 $437,932 79 days
Reduced Price Homes 29 $340,541 52 days
Distressed Homes 1 $40,800 556 days
Copyright © 2021 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 January 25, 2021
All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Copyright 2021 RealTracs Solutions. Listing information last updated on January 25, 2021.
Copyright 2021 Northwest Mississippi Association of REALTORS® - REALTOR® Services Corporation Copyright© 2021 by the Multiple Listing Service of REALTOR® SERVICES CORPORATION a subsidiary of the Northwest Mississippi Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the REALTOR® SERVICES CORPORATION a subsidiary of the Northwest Mississippi Association of REALTORS®. Mississippi recognizes single and dual agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is not prohibited.
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