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Chris Johnston

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Memphis Market Report

$283,075

AVERAGE PRICE OF 2,608 HOMES

$1,558,312

AVERAGE PRICE OF 61 MULTI-MILLION DOLLAR HOMES

$448,282

AVERAGE PRICE OF 111 NEWLY BUILT HOMES

$469,450

AVERAGE PRICE OF 266 HOMES WITH A POOL

$299,976

AVERAGE PRICE OF 157 REDUCED PRICE HOMES

Average Home

Average Price	$283,075
Avg Bedrooms	3.08 beds
Avg Bathrooms	1.88 baths

Average Price by Bedrooms

1 bedroom	$173,948
2 bedrooms	$169,148
3 bedrooms	$225,461
4 bedrooms	$389,861
5 bedrooms	$645,137

Memphis Home Price Trends

	8/2024	7/2024	6/2024	5/2024	4/2024
Total Listings	2,632	2,651	2,534	2,401	2,322
Average Price	$277,547	$281,772	$286,474	$291,321	$275,218
Avg Price Change	-1.52%	-1.67%	-1.69%	+5.85%	+6.07%
Median Price	$214,979	$214,626	$218,981	$218,800	$206,825
Med Price Change	+0.16%	-2.03%	+0.08%	+5.79%	+5.05%
Avg Bedrooms	3.07 beds	3.06 beds	3.06 beds	3.05 beds	3.03 beds
Avg Bathrooms	1.87 baths	1.87 baths	1.88 baths	1.88 baths	1.84 baths

	Total Homes	Average Price	Avg Days on Site
All Homes	2,608	$283,075	88 days
Multi-Million Dollar Homes	61	$1,558,312	92 days
Newly Built Homes	111	$448,282	105 days
Homes with a Pool	266	$469,450	90 days
Reduced Price Homes	157	$299,976	63 days

Copyright © 2024 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 September 13, 2024