How much do homes in Memphis, TN cost?

Median List Price

$165,356

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$21,494(+14.9%)

Key Takeaway

The list price of homes in Memphis has increased by 14.9% since last year.

Housing Market Conditions

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Key Takeaway

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Noteworthy Homes Listed

Least Expensive

Listing photo for 1303 E Trigg Ave
$18,000
3 Beds • 1 Bath
#10107088Listing Office: BEST Real Estate Company
MLS logo

Nearest to Median Price

Listing photo for 5825 Hickory Greene Dr
$165,500
3 Beds • 2 Baths
#10106064Listing Office: KAIZEN Realty, LLC
MLS logo

Most Expensive

Listing photo for 6579 Kirby Forest Cv
$2,495,000
5 Beds • 8 Baths
#10106256Listing Office: Hobson, REALTORS
MLS logo

Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $127.5K$152.4K+19.5%
2 $79.9K$105.2K+31.5%
3 $129.6K$149.8K+15.6%
4 $215K$252.4K+17.4%
5+ $359K$410.7K+14.4%

Median List Price Compared To Nearby Cities

Cordova
+15.8%
Bartlett
+15.7%
Memphis
+14.9%
Germantown
+9.8%
Lakeland
+7.1%

How many homes are available in Memphis, TN?

Number of Homes For Sale

Jul 2021Aug 2021%
2,6362,703+2.5%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 4547+4.4%
2 477470-1.5%
3 1,4631,524+4.2%
4 524530+1.1%
5+ 127132+3.9%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
107 Days117 Days+9.9%

Breakdown of Home Sale Times

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Key Takeaway

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new
Listing photo for 4454 Grinstead Cv

4454 Grinstead Cv, Memphis, TN 38141

$204,900~$700/mo.*
3 Beds • 2 Baths
#10109014Listing Office:
eXp Realty, LLCMLS logo
new
Listing photo for 3227 N Waynoka Cir

3227 N Waynoka Cir, Memphis, TN 38111

$205,000~$700/mo.*
4 Beds • 2 Baths
#10109007Listing Office:
BEST Real Estate CompanyMLS logo
new
Listing photo for 6667 Santaolina Dr

6667 Santaolina Dr, Memphis, TN 38134

$75,000~$250/mo.*
3 Beds • 2 Baths
#10109002Listing Office:
Crye-Leike, Inc., REALTORSMLS logo
new
Listing photo for 6445 Massey Ln

6445 Massey Ln, Memphis, TN 38120

$1,200,000~$4,000/mo.*
4 Beds • 5 Baths
#10108999Listing Office:
Keller WilliamsMLS logo
new
Listing photo for 635 N Hollywood St

635 N Hollywood St, Memphis, TN 38112

$99,000~$350/mo.*
3 Beds • 2 Baths
#10108998Listing Office:
eXp Realty, LLCMLS logo
new
Listing photo for 4594 Westmont St

4594 Westmont St, Memphis, TN 38109

$129,900~$450/mo.*
3 Beds • 2 Baths
#10108996Listing Office:
CB Properties of Memphis, LLCMLS logo
new
Listing photo for 4520 Flamingo Rd

4520 Flamingo Rd, Memphis, TN 38117

$310,000~$1,050/mo.*
4 Beds • 2 Baths
#10108993Listing Office:
901, REALTORSMLS logo
new
Listing photo for 32 N Belvedere Blvd Unit 32-8

32 N Belvedere Blvd Unit 32-8, Memphis, TN 38104

$59,900~$200/mo.*
2 Beds • 1 Bath
#10108990Listing Office:
List With Freedom.Com, Inc.MLS logo
new
Listing photo for 1907 York Ave

1907 York Ave, Memphis, TN 38104

$300,000~$1,000/mo.*
2 Beds • 2 Baths
#10108988Listing Office:
Sowell, RealtorsMLS logo
new
Listing photo for 5975 Whisper Valley St

5975 Whisper Valley St, Memphis, TN 38141

$159,000~$550/mo.*
3 Beds • 2 Baths
#10108986Listing Office:
Keller WilliamsMLS logo
new
Listing photo for 1680 Kansas St

1680 Kansas St, Memphis, TN 38109

$895,000~$2,950/mo.*
#10108985Listing Office:
Sowell, RealtorsMLS logo
new
Listing photo for 8444 Thorgeson Cv

8444 Thorgeson Cv, Memphis, TN 38018

$300,000~$1,000/mo.*
4 Beds • 2 Baths
#10108981Listing Office:
RE/MAX ON POINTMLS logo

About Memphis, TN

Memphis, TN has 2,703 homes for sale to choose from. The number of homes for sale in Memphis, TN increased by 2.5% between July 2021 and August 2021. In August 2021, listings were on the market for 117 days. During the same period, the median list price in this real estate market was $165,356. Between July 2021 and August 2021, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 19.5%, 2 bedrooms properties became 31.5% more expensive, 3 bedrooms properties prices increased by 15.6%, prices of 4 bedrooms properties went up by 17.4%, prices of 5 bedrooms properties went up by 14.4%. Volume of homes for sale changed: 1 bedroom homes became 4.4% more available, 2 bedrooms homes inventory decreased by 1.5%, the quantity of 3 bedrooms homes went up by 4.2%, the quantity of 4 bedrooms homes went up by 1.1%, 5 bedrooms homes became 3.9% more available. Over 225 listings were sold over their listed price in August 2021 in Memphis, TN. In the same period over 186 listings were sold below the listed price and 125 listings were sold for the listed price.

MLS Disclaimers and Copyright

Based on information from Memphis MLS, and RealTracs Middle Tennessee Regional MLS for the period 09/01/2019 - 09/01/2021

Copyright© 2021 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 is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Last updated on: 9/19/2021, 7:25:09 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX© 2021 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Last updated on: 9/19/2021, 12:45:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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