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Chris Wallace

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Memphis Market Report

$250,587

AVERAGE PRICE OF 2,364 HOMES

$1,601,613

AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES

$378,020

AVERAGE PRICE OF 78 NEWLY BUILT HOMES

$445,814

AVERAGE PRICE OF 195 HOMES WITH A POOL

$241,861

AVERAGE PRICE OF 197 REDUCED PRICE HOMES

Average Home

Average Price	$250,587
Avg Bedrooms	3.05 beds
Avg Bathrooms	1.79 baths

Average Price by Bedrooms

1 bedroom	$178,433
2 bedrooms	$161,070
3 bedrooms	$195,045
4 bedrooms	$365,418
5 bedrooms	$649,930

Memphis Home Price Trends

	9/2023	8/2023	7/2023	6/2023	5/2023
Total Listings	2,295	2,188	2,156	2,052	2,039
Average Price	$243,784	$248,550	$253,157	$257,505	$254,153
Avg Price Change	-1.96%	-1.85%	-1.72%	+1.32%	+2.32%
Median Price	$176,119	$181,515	$189,016	$193,541	$188,761
Med Price Change	-3.06%	-4.13%	-2.39%	+2.53%	+2.51%
Avg Bedrooms	3.06 beds	3.06 beds	3.08 beds	3.06 beds	3.05 beds
Avg Bathrooms	1.79 baths	1.8 baths	1.8 baths	1.8 baths	1.78 baths

	Total Homes	Average Price	Avg Days on Site
All Homes	2,364	$250,587	72 days
Multi-Million Dollar Homes	39	$1,601,613	92 days
Newly Built Homes	78	$378,020	119 days
Homes with a Pool	195	$445,814	58 days
Reduced Price Homes	197	$241,861	47 days

Copyright © 2023 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 October 3, 2023