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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

$223,992

AVERAGE PRICE OF 1,802 HOMES

$1,667,736

AVERAGE PRICE OF 42 MULTI-MILLION DOLLAR HOMES

$315,931

AVERAGE PRICE OF 79 NEWLY BUILT HOMES

$479,424

AVERAGE PRICE OF 204 HOMES WITH A POOL

$403,656

AVERAGE PRICE OF 30 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $223,992
Avg Bedrooms 2.36 beds
Avg Bathrooms 1.63 baths

Average Price by Bedrooms

1 bedroom $140,991
2 bedrooms $185,220
3 bedrooms $155,548
4 bedrooms $328,376
5 bedrooms $723,781
Memphis Home Price Trends
  5/2020 4/2020 3/2020 2/2020 1/2020
Total Listings 1,842 1,924 1,951 1,954 1,893
Average Price $214,971 $210,649 $209,853 $197,284 $193,690
Avg Price Change +2.05% +0.38% +6.37% +1.86% -1.11%
Median Price $135,815 $130,735 $126,711 $119,726 $112,442
Med Price Change +3.89% +3.18% +5.83% +6.48% -3.12%
Avg Bedrooms 2.55 beds 3.48 beds 3.32 beds 3.45 beds 3.49 beds
Avg Bathrooms 1.44 baths 2.28 baths 2.3 baths 2.22 baths 2.01 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Memphis 1 $400,000 2 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,802 $223,992 143 days
Multi-Million Dollar Homes 42 $1,667,736 145 days
Newly Built Homes 79 $315,931 109 days
Homes with a Pool 204 $479,424 85 days
Reduced Price Homes 30 $403,656 65 days
Distressed Homes 1 $40,800 322 days