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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

$205,440

AVERAGE PRICE OF 1,763 HOMES

$1,655,269

AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES

$308,704

AVERAGE PRICE OF 91 NEWLY BUILT HOMES

$435,023

AVERAGE PRICE OF 165 HOMES WITH A POOL

$278,527

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $205,440
Avg Bedrooms 2.52 beds
Avg Bathrooms 1.41 baths

Average Price by Bedrooms

1 bedroom $153,224
2 bedrooms $81,063
3 bedrooms $152,635
4 bedrooms $310,159
5 bedrooms $571,358
Memphis Home Price Trends
  11/2020 10/2020 9/2020 8/2020 7/2020
Total Listings 1,820 1,895 1,897 1,835 1,828
Average Price $212,403 $219,603 $220,204 $221,125 $223,786
Avg Price Change -3.39% -0.27% -0.42% -1.20% -0.17%
Median Price $137,442 $140,675 $140,614 $141,583 $142,060
Med Price Change -2.35% +0.04% -0.69% -0.34% +1.02%
Avg Bedrooms 2.53 beds 2.54 beds 2.77 beds 2.61 beds 2.36 beds
Avg Bathrooms 1.41 baths 1.42 baths 1.66 baths 1.51 baths 1.62 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,763 $205,440 301 days
Multi-Million Dollar Homes 26 $1,655,269 143 days
Newly Built Homes 91 $308,704 111 days
Homes with a Pool 165 $435,023 74 days
Reduced Price Homes 22 $278,527 54 days
Distressed Homes 1 $40,800 502 days
Copyright © 2020 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 December 2, 2020
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 2020 RealTracs Solutions. Listing information last updated on December 2, 2020.
Copyright 2020 Northwest Mississippi Association of REALTORS® - REALTOR® Services Corporation Copyright© 2020 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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