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Linda Bell
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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

$197,812

AVERAGE PRICE OF 2,338 HOMES

$1,527,729

AVERAGE PRICE OF 45 MULTI-MILLION DOLLAR HOMES

$398,415

AVERAGE PRICE OF 65 NEWLY BUILT HOMES

$474,464

AVERAGE PRICE OF 232 HOMES WITH A POOL

$305,408

AVERAGE PRICE OF 64 REDUCED PRICE HOMES

Average Home

Average Price $197,812
Avg Bedrooms 3.73 beds
Avg Bathrooms 2.44 baths

Average Price by Bedrooms

1 bedroom $146,636
2 bedrooms $108,406
3 bedrooms $130,517
4 bedrooms $234,520
5 bedrooms $510,069
Memphis Home Price Trends
  5/2019 4/2019 3/2019 2/2019 1/2019
Total Listings 2,364 2,282 2,138 2,096 1,994
Average Price $193,751 $183,418 $177,024 $173,755 $171,549
Avg Price Change +5.63% +3.61% +1.88% +1.29% +0.97%
Median Price $108,790 $101,629 $97,869 $98,455 $97,891
Med Price Change +7.05% +3.84% -0.60% +0.58% +2.92%
Avg Bedrooms 3.56 beds 3.55 beds 3.54 beds 3.52 beds 3.31 beds
Avg Bathrooms 2.34 baths 2.23 baths 2.15 baths 2.15 baths 2.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Memphis 1 $54,650 195 days
Shelby County 2 $356,250 142 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,338 $197,812 126 days
Multi-Million Dollar Homes 45 $1,527,729 130 days
Newly Built Homes 65 $398,415 103 days
Homes with a Pool 232 $474,464 148 days
Reduced Price Homes 64 $305,408 59 days

School Data

Highly Rated Memphis Schools

8

MACON-HALL ELEMENTARY SCHOOL
Elementary School
Public

8

IDLEWILD ELEMENTARY SCHOOL
Middle School
Public