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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

$224,395

AVERAGE PRICE OF 1,767 HOMES

$1,654,542

AVERAGE PRICE OF 33 MULTI-MILLION DOLLAR HOMES

$355,432

AVERAGE PRICE OF 74 NEWLY BUILT HOMES

$476,066

AVERAGE PRICE OF 172 HOMES WITH A POOL

$360,133

AVERAGE PRICE OF 39 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $224,395
Avg Bedrooms 2.54 beds
Avg Bathrooms 1.44 baths

Average Price by Bedrooms

1 bedroom $139,241
2 bedrooms $84,771
3 bedrooms $159,619
4 bedrooms $330,167
5 bedrooms $636,800
Memphis Home Price Trends
  7/2020 6/2020 5/2020 4/2020 3/2020
Total Listings 1,828 1,857 1,842 1,924 1,951
Average Price $223,786 $224,157 $214,971 $210,649 $209,853
Avg Price Change -0.17% +4.27% +2.05% +0.38% +6.37%
Median Price $142,060 $140,621 $135,815 $130,735 $126,711
Med Price Change +1.02% +3.54% +3.89% +3.18% +5.83%
Avg Bedrooms 2.36 beds 2.36 beds 2.55 beds 3.48 beds 3.32 beds
Avg Bathrooms 1.62 baths 1.63 baths 1.44 baths 2.28 baths 2.3 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,767 $224,395 242 days
Multi-Million Dollar Homes 33 $1,654,542 156 days
Newly Built Homes 74 $355,432 123 days
Homes with a Pool 172 $476,066 73 days
Reduced Price Homes 39 $360,133 52 days
Distressed Homes 1 $40,800 385 days

School Data

Highly Rated Memphis Schools

8

MACON-HALL ELEMENTARY SCHOOL
Elementary School
Public