April 2020

Memphis Trend ReportShelby County, Tennessee

Report Updated 30 Days Ago

How much do homes in Memphis, TN cost?

Median List Price

$134,899

Based on all homes listed in the last 12 months.

Difference Since April 2019

+$4,973(+3.8%)

Key Takeaway

Key takeaway illustration

The list price of homes in Memphis has increased by 3.8% since last year.

Housing Market Conditions

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Noteworthy Homes Listed

Least Expensive

Listing photo

1 Bed • 1 Bath • 2,099 SqFt

#10058906Listing Office: Integrated Assets

Nearest to Median Price

Listing photo

3 Beds • 2 Baths • 1,699 SqFt

#10074155Listing Office: Premier Realty Group, LLC

Most Expensive

Listing photo

5 Beds • 8 Baths • 10,000 SqFt

#10051458Listing Office: Crye-Leike, Inc., REALTORS

Median List Price By Bedroom Count

# BEDS	Apr 2019	Apr 2020	%
1 Bedroom	$135K	$144.9K	+7.3%
2 Bedrooms	$89.1K	$79.9K	-10.3%
3 Bedrooms	$116.7K	$120.3K	+3.1%
4 Bedrooms	$199.9K	$210K	+5.1%
5+ Bedrooms	$259.9K	$292.9K	+12.7%

How many homes are available in Memphis, TN?

Number of Homes For Sale

Mar 2020	Apr 2020	%
2,268	2,074	-8.6%

Homes For Sale By Bedroom Count

# BEDS	Mar 2020	Apr 2020	%
1 Bedroom	39	31	-20.5%
2 Bedrooms	378	343	-9.3%
3 Bedrooms	1,166	1,085	-6.9%
4 Bedrooms	506	455	-10.1%
5+ Bedrooms	179	160	-10.6%

Asking Price vs. Sold Price

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Average Listing Age

Apr 2019	Apr 2020	%
106 Days	130 Days	+23.1%

Breakdown of Home Sale Times

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What homes are currently for sale in Memphis, TN?

Newest ListingsSee All

Listing photo for 66 Monroe Ave Unit 305

66 Monroe Ave Unit 305, Memphis, TN 38103

$140,000~$500/mo.*

1 Bed • 1 Bath499 SqFt

#10077554Listing Office:
Hobson, REALTORS

Listing photo for 80 S Larchmont Dr

80 S Larchmont Dr, Memphis, TN 38111

$189,000~$700/mo.*

3 Beds • 1 Bath1,099 SqFt

#10077550Listing Office:
Hobson, REALTORS

Listing photo for 287 N White Station Rd

287 N White Station Rd, Memphis, TN 38117

$269,000~$950/mo.*

3 Beds • 2 Baths1,699 SqFt

#10077546Listing Office:
Crye-Leike Inc., REALTORS

Listing photo for 2082 Hubert Ave

2082 Hubert Ave, Memphis, TN 38108

$60,000~$200/mo.*

3 Beds • 2 Baths1,099 SqFt

#10077540Listing Office:
BEST Real Estate Company

Listing photo for 3649 Kenwood Ave

3649 Kenwood Ave, Memphis, TN 38122

$210,000~$750/mo.*

2 Beds • 1 Bath1,299 SqFt

#10077536Listing Office:
Keller Williams

Listing photo for 7318 Kingsland Dr

7318 Kingsland Dr, Memphis, TN 38125

$172,000~$600/mo.*

3 Beds • 2 Baths2,099 SqFt

#10077418Listing Office:
Crye-Leike, Inc., REALTORS

Listing photo for 3224 S Mendenhall Rd Unit 3A

3224 S Mendenhall Rd Unit 3A, Memphis, TN 38115

$29,900~$100/mo.*

2 Beds • 2 Baths1,099 SqFt

#10077531Listing Office:
The Peyton Co., Inc., REALTORS

Listing photo for 1172 Brady Hollow Ln

1172 Brady Hollow Ln, Cordova, TN 38016

$125,000~$450/mo.*

3 Beds • 2 Baths1,299 SqFt

#10077529Listing Office:
Crye-Leike, Inc., REALTORS

Listing photo for 1893 Downing St

1893 Downing St, Memphis, TN 38117

$160,000~$600/mo.*

3 Beds • 2 Baths1,299 SqFt

#10077523Listing Office:
Property Shoppe Realty

Listing photo for 2442 Eagleridge Ln

2442 Eagleridge Ln, Memphis, TN 38016

$324,900~$1,150/mo.*

4 Beds • 4 Baths4,249 SqFt

#10077520Listing Office:
Marx-Bensdorf, REALTORS

Listing photo for 5499 Crescent Ln

5499 Crescent Ln, Memphis, TN 38120

$339,000~$1,200/mo.*

4 Beds • 2 Baths2,299 SqFt

#10077516Listing Office:
REMAX Experts, LLC

Listing photo for 1501 Hayne Rd

1501 Hayne Rd, Memphis, TN 38119

$229,000~$800/mo.*

4 Beds • 2 Baths1,899 SqFt

#10077515Listing Office:
KAIZEN Realty, LLC

MLS Disclaimers and Copyright

Based on information from Memphis MLS, and RealTracs Middle Tennessee Regional MLS for the period 05/01/2018 - 05/01/2020

Copyright© 2020 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: 5/30/2020, 11:33:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX © 2020 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: 5/31/2020, 12:03:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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