How much do homes in Memphis, TN cost?
Median List Price
$147,111
Based on all homes listed in the last 12 months.
Difference Since October 2019
+$17,114(+13.2%)
Key Takeaway
The list price of homes in Memphis has increased by 13.2% since last year.
Housing Market Conditions
Key Takeaway
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Noteworthy Homes Listed
Median List Price By Bedroom Count
| # BEDS | Oct 2019 | Oct 2020 | % |
|---|---|---|---|
| 1 Bedroom | $134.5K | $149.4K | +11.1% |
| 2 Bedrooms | $85.2K | $84.8K | -0.4% |
| 3 Bedrooms | $118.5K | $129.9K | +9.6% |
| 4 Bedrooms | $199.8K | $224.9K | +12.6% |
| 5+ Bedrooms | $269.4K | $339.9K | +26.2% |
How many homes are available in Memphis, TN?
Number of Homes For Sale
| Sep 2020 | Oct 2020 | % |
|---|---|---|
| 2,946 | 2,894 | -1.8% |
Homes For Sale By Bedroom Count
| # BEDS | Sep 2020 | Oct 2020 | % |
|---|---|---|---|
| 1 Bedroom | 63 | 60 | -4.8% |
| 2 Bedrooms | 492 | 522 | +6.1% |
| 3 Bedrooms | 1,509 | 1,460 | -3.2% |
| 4 Bedrooms | 649 | 638 | -1.7% |
| 5+ Bedrooms | 233 | 214 | -8.2% |
Asking Price vs. Sold Price
Key Takeaway
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Average Listing Age
| Oct 2019 | Oct 2020 | % |
|---|---|---|
| 116 Days | 143 Days | +22.9% |
Breakdown of Home Sale Times
Key Takeaway
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- Is there room to negotiate on listing prices?
- Do you need to act fast to put in an offer?
- And much more...
