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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

$209,632

AVERAGE PRICE OF 1,971 HOMES

$1,586,946

AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES

$326,530

AVERAGE PRICE OF 93 NEWLY BUILT HOMES

$447,623

AVERAGE PRICE OF 203 HOMES WITH A POOL

$248,022

AVERAGE PRICE OF 30 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $209,632
Avg Bedrooms 3.26 beds
Avg Bathrooms 2.3 baths

Average Price by Bedrooms

1 bedroom $142,374
2 bedrooms $69,887
3 bedrooms $296,386
4 bedrooms $315,458
5 bedrooms $491,865
Memphis Home Price Trends
  3/2020 2/2020 1/2020 12/2019 11/2019
Total Listings 1,951 1,954 1,893 2,008 2,160
Average Price $209,853 $197,284 $193,690 $195,845 $199,812
Avg Price Change +6.37% +1.86% -1.11% -2.03% +3.47%
Median Price $126,711 $119,726 $112,442 $115,949 $123,428
Med Price Change +5.83% +6.48% -3.12% -6.45% +12.39%
Avg Bedrooms 3.32 beds 3.45 beds 3.49 beds 4.3 beds 4.07 beds
Avg Bathrooms 2.3 baths 2.22 baths 2.01 baths 2.84 baths 2.62 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Manassas 1 $349,900 57 days
Melrose High 1 $18,275 57 days
Shelby County 2 $377,999 114 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,971 $209,632 119 days
Multi-Million Dollar Homes 39 $1,586,946 153 days
Newly Built Homes 93 $326,530 83 days
Homes with a Pool 203 $447,623 89 days
Reduced Price Homes 30 $248,022 42 days
Distressed Homes 1 $40,800 257 days

School Data

Highly Rated Memphis Schools

8

MACON-HALL ELEMENTARY SCHOOL
Elementary School
Public