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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

$186,287

AVERAGE PRICE OF 2,440 HOMES

$1,683,316

AVERAGE PRICE OF 38 MULTI-MILLION DOLLAR HOMES

$378,546

AVERAGE PRICE OF 36 NEWLY BUILT HOMES

$412,565

AVERAGE PRICE OF 246 HOMES WITH A POOL

$223,997

AVERAGE PRICE OF 846 REDUCED PRICE HOMES

Average Home

Average Price $186,287
Avg Bedrooms 3.39 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $171,355
2 bedrooms $138,419
3 bedrooms $121,558
4 bedrooms $438,707
5 bedrooms $498,165
Memphis Home Price Trends
  9/2018 8/2018 7/2018 6/2018 5/2018
Total Listings 2,479 2,503 2,510 2,475 2,461
Average Price $186,001 $183,554 $183,506 $190,293 $192,918
Avg Price Change +1.33% +0.03% -3.70% -1.38% n/a
Median Price $108,117 $109,255 $109,264 $111,753 $112,888
Med Price Change -1.05% -0.01% -2.28% -1.02% n/a
Avg Bedrooms 3.4 beds 3.43 beds 3.49 beds 3.67 beds 3.79 beds
Avg Bathrooms 2.38 baths 2.24 baths 2.07 baths 2.16 baths 2.21 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central High School 1 $579,000 27 days
Memphis 3 $411,133 128 days
Shelby County 2 $132,250 33 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,440 $186,287 91 days
Multi-Million Dollar Homes 38 $1,683,316 183 days
Newly Built Homes 36 $378,546 210 days
Homes with a Pool 246 $412,565 102 days
Reduced Price Homes 846 $223,997 120 days

School Data

Highly Rated Memphis Schools

8

MACON-HALL ELEMENTARY SCHOOL
Elementary School
Public

8

IDLEWILD ELEMENTARY SCHOOL
Middle School
Public