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Steve Whitney
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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

$218,811

AVERAGE PRICE OF 1,865 HOMES

$1,701,275

AVERAGE PRICE OF 36 MULTI-MILLION DOLLAR HOMES

$307,046

AVERAGE PRICE OF 83 NEWLY BUILT HOMES

$456,522

AVERAGE PRICE OF 209 HOMES WITH A POOL

$298,843

AVERAGE PRICE OF 37 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $218,811
Avg Bedrooms 2.55 beds
Avg Bathrooms 1.45 baths

Average Price by Bedrooms

1 bedroom $141,813
2 bedrooms $75,743
3 bedrooms $156,614
4 bedrooms $313,684
5 bedrooms $695,691
Memphis Home Price Trends
  4/2020 3/2020 2/2020 1/2020 12/2019
Total Listings 1,924 1,951 1,954 1,893 2,008
Average Price $210,649 $209,853 $197,284 $193,690 $195,845
Avg Price Change +0.38% +6.37% +1.86% -1.11% -2.03%
Median Price $130,735 $126,711 $119,726 $112,442 $115,949
Med Price Change +3.18% +5.83% +6.48% -3.12% -6.45%
Avg Bedrooms 3.48 beds 3.32 beds 3.45 beds 3.49 beds 4.3 beds
Avg Bathrooms 2.28 baths 2.3 baths 2.22 baths 2.01 baths 2.84 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Melrose High 1 $18,275 112 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,865 $218,811 159 days
Multi-Million Dollar Homes 36 $1,701,275 159 days
Newly Built Homes 83 $307,046 101 days
Homes with a Pool 209 $456,522 86 days
Reduced Price Homes 37 $298,843 68 days
Distressed Homes 1 $40,800 312 days

School Data

Highly Rated Memphis Schools

8

MACON-HALL ELEMENTARY SCHOOL
Elementary School
Public