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Chris Johnston

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Memphis Market Report

$266,643

AVERAGE PRICE OF 2,266 HOMES

$1,564,881

AVERAGE PRICE OF 43 MULTI-MILLION DOLLAR HOMES

$426,722

AVERAGE PRICE OF 88 NEWLY BUILT HOMES

$448,719

AVERAGE PRICE OF 240 HOMES WITH A POOL

$335,034

AVERAGE PRICE OF 85 REDUCED PRICE HOMES

Average Home

Average Price	$266,643
Avg Bedrooms	3.05 beds
Avg Bathrooms	1.85 baths

Average Price by Bedrooms

1 bedroom	$151,258
2 bedrooms	$162,764
3 bedrooms	$215,224
4 bedrooms	$370,405
5 bedrooms	$608,272

Memphis Home Price Trends

	12/2024	11/2024	10/2024	9/2024	8/2024
Total Listings	2,440	2,644	2,688	2,619	2,632
Average Price	$273,316	$274,742	$282,317	$281,762	$277,547
Avg Price Change	-0.52%	-2.76%	+0.20%	+1.52%	-1.52%
Median Price	$202,357	$211,946	$218,367	$217,378	$214,979
Med Price Change	-4.74%	-3.03%	+0.45%	+1.12%	+0.16%
Avg Bedrooms	3.03 beds	3.02 beds	3.07 beds	3.07 beds	3.07 beds
Avg Bathrooms	1.83 baths	1.85 baths	1.88 baths	1.88 baths	1.87 baths

	Total Homes	Average Price	Avg Days on Site
All Homes	2,266	$266,643	102 days
Multi-Million Dollar Homes	43	$1,564,881	139 days
Newly Built Homes	88	$426,722	120 days
Homes with a Pool	240	$448,719	98 days
Reduced Price Homes	85	$335,034	88 days

Copyright © 2025 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 January 17, 2025