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Linita Stewart
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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

$223,272

AVERAGE PRICE OF 1,841 HOMES

$1,650,649

AVERAGE PRICE OF 43 MULTI-MILLION DOLLAR HOMES

$315,549

AVERAGE PRICE OF 78 NEWLY BUILT HOMES

$468,529

AVERAGE PRICE OF 193 HOMES WITH A POOL

$379,540

AVERAGE PRICE OF 43 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $223,272
Avg Bedrooms 2.36 beds
Avg Bathrooms 1.62 baths

Average Price by Bedrooms

1 bedroom $156,326
2 bedrooms $184,870
3 bedrooms $154,892
4 bedrooms $338,432
5 bedrooms $713,966
Memphis Home Price Trends
  6/2020 5/2020 4/2020 3/2020 2/2020
Total Listings 1,857 1,842 1,924 1,951 1,954
Average Price $224,157 $214,971 $210,649 $209,853 $197,284
Avg Price Change +4.27% +2.05% +0.38% +6.37% +1.86%
Median Price $140,621 $135,815 $130,735 $126,711 $119,726
Med Price Change +3.54% +3.89% +3.18% +5.83% +6.48%
Avg Bedrooms 2.36 beds 2.55 beds 3.48 beds 3.32 beds 3.45 beds
Avg Bathrooms 1.63 baths 1.44 baths 2.28 baths 2.3 baths 2.22 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Memphis 1 $400,000 33 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,841 $223,272 163 days
Multi-Million Dollar Homes 43 $1,650,649 152 days
Newly Built Homes 78 $315,549 116 days
Homes with a Pool 193 $468,529 81 days
Reduced Price Homes 43 $379,540 55 days
Distressed Homes 1 $40,800 353 days

School Data

Highly Rated Memphis Schools

8

MACON-HALL ELEMENTARY SCHOOL
Elementary School
Public