How much do homes in Memphis, TN cost?
Median List Price
$139,534
Based on all homes listed in the last 12 months.
Difference Since July 2019
+$9,620(+7.4%)
Key Takeaway
The list price of homes in Memphis has increased by 7.4% since last year.
Housing Market Conditions
Key Takeaway
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Noteworthy Homes Listed
Median List Price By Bedroom Count
| # BEDS | Jul 2019 | Jul 2020 | % |
|---|---|---|---|
| 1 Bedroom | $134K | $135K | +0.7% |
| 2 Bedrooms | $89.9K | $79.9K | -11.1% |
| 3 Bedrooms | $117.7K | $124.9K | +6.1% |
| 4 Bedrooms | $199.8K | $213.3K | +6.7% |
| 5+ Bedrooms | $259.9K | $321.8K | +23.8% |
How many homes are available in Memphis, TN?
Number of Homes For Sale
| Jun 2020 | Jul 2020 | % |
|---|---|---|
| 2,828 | 2,753 | -2.7% |
Homes For Sale By Bedroom Count
| # BEDS | Jun 2020 | Jul 2020 | % |
|---|---|---|---|
| 1 Bedroom | 55 | 64 | +16.4% |
| 2 Bedrooms | 454 | 461 | +1.5% |
| 3 Bedrooms | 1,502 | 1,442 | -4.0% |
| 4 Bedrooms | 624 | 578 | -7.4% |
| 5+ Bedrooms | 193 | 208 | +7.8% |
Asking Price vs. Sold Price
Key Takeaway
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Average Listing Age
| Jul 2019 | Jul 2020 | % |
|---|---|---|
| 105 Days | 123 Days | +17.5% |
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...
