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Memphis Market Report

$194,729

AVERAGE PRICE OF 2,286 HOMES

$1,544,798

AVERAGE PRICE OF 42 MULTI-MILLION DOLLAR HOMES

$345,180

AVERAGE PRICE OF 65 NEWLY BUILT HOMES

$448,689

AVERAGE PRICE OF 230 HOMES WITH A POOL

$272,089

AVERAGE PRICE OF 74 REDUCED PRICE HOMES

Average Home

Average Price $194,729
Avg Bedrooms 3.8 beds
Avg Bathrooms 2.18 baths

Average Price by Bedrooms

1 bedroom $121,629
2 bedrooms $104,353
3 bedrooms $130,399
4 bedrooms $173,233
5 bedrooms $505,407
Memphis Home Price Trends
  7/2019 6/2019 5/2019 4/2019 3/2019
Total Listings n/a 2,327 2,364 2,282 2,138
Average Price n/a $196,449 $193,751 $183,418 $177,024
Avg Price Change n/a +1.39% +5.63% +3.61% +1.88%
Median Price n/a $112,051 $108,790 $101,629 $97,869
Med Price Change n/a +3.00% +7.05% +3.84% -0.60%
Avg Bedrooms n/a 3.61 beds 3.56 beds 3.55 beds 3.54 beds
Avg Bathrooms n/a 2.35 baths 2.34 baths 2.23 baths 2.15 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Memphis 1 $54,650 249 days
Shelby County 1 $395,000 271 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,286 $194,729 176 days
Multi-Million Dollar Homes 42 $1,544,798 153 days
Newly Built Homes 65 $345,180 120 days
Homes with a Pool 230 $448,689 171 days
Reduced Price Homes 74 $272,089 63 days
EXIT Realty Blues City
2150 W. Poplar Ave, Suite 108
Collierville, TN 38017
901-577-3948
Home Vantage Mortgage.
John F. Brawner
46 Timber Creek Drive, Suites 100 & 200
Cordova, TN 38018
901-630-4675

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