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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

$225,955

AVERAGE PRICE OF 1,832 HOMES

$1,646,021

AVERAGE PRICE OF 42 MULTI-MILLION DOLLAR HOMES

$317,602

AVERAGE PRICE OF 77 NEWLY BUILT HOMES

$479,270

AVERAGE PRICE OF 183 HOMES WITH A POOL

$380,993

AVERAGE PRICE OF 39 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $225,955
Avg Bedrooms 2.53 beds
Avg Bathrooms 1.44 baths

Average Price by Bedrooms

1 bedroom $159,466
2 bedrooms $80,059
3 bedrooms $158,420
4 bedrooms $339,112
5 bedrooms $708,581
Memphis Home Price Trends
  6/2020 5/2020 4/2020 3/2020 2/2020
Total Listings 1,857 1,842 1,924 1,951 1,954
Average Price $224,157 $214,971 $210,649 $209,853 $197,284
Avg Price Change +4.27% +2.05% +0.38% +6.37% +1.86%
Median Price $140,621 $135,815 $130,735 $126,711 $119,726
Med Price Change +3.54% +3.89% +3.18% +5.83% +6.48%
Avg Bedrooms 2.36 beds 2.55 beds 3.48 beds 3.32 beds 3.45 beds
Avg Bathrooms 1.63 baths 1.44 baths 2.28 baths 2.3 baths 2.22 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,832 $225,955 231 days
Multi-Million Dollar Homes 42 $1,646,021 144 days
Newly Built Homes 77 $317,602 123 days
Homes with a Pool 183 $479,270 87 days
Reduced Price Homes 39 $380,993 53 days
Distressed Homes 1 $40,800 359 days