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Irwin Watson
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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

$222,112

AVERAGE PRICE OF 1,802 HOMES

$1,676,095

AVERAGE PRICE OF 41 MULTI-MILLION DOLLAR HOMES

$314,310

AVERAGE PRICE OF 78 NEWLY BUILT HOMES

$478,632

AVERAGE PRICE OF 200 HOMES WITH A POOL

$373,391

AVERAGE PRICE OF 35 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $222,112
Avg Bedrooms 2.36 beds
Avg Bathrooms 1.63 baths

Average Price by Bedrooms

1 bedroom $141,627
2 bedrooms $185,458
3 bedrooms $154,790
4 bedrooms $325,166
5 bedrooms $723,726
Memphis Home Price Trends
  5/2020 4/2020 3/2020 2/2020 1/2020
Total Listings 1,842 1,924 1,951 1,954 1,893
Average Price $214,971 $210,649 $209,853 $197,284 $193,690
Avg Price Change +2.05% +0.38% +6.37% +1.86% -1.11%
Median Price $135,815 $130,735 $126,711 $119,726 $112,442
Med Price Change +3.89% +3.18% +5.83% +6.48% -3.12%
Avg Bedrooms 2.55 beds 3.48 beds 3.32 beds 3.45 beds 3.49 beds
Avg Bathrooms 1.44 baths 2.28 baths 2.3 baths 2.22 baths 2.01 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Memphis 1 $400,000 1 day
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,802 $222,112 142 days
Multi-Million Dollar Homes 41 $1,676,095 148 days
Newly Built Homes 78 $314,310 110 days
Homes with a Pool 200 $478,632 86 days
Reduced Price Homes 35 $373,391 72 days
Distressed Homes 1 $40,800 321 days

School Data

Highly Rated Memphis Schools

8

MACON-HALL ELEMENTARY SCHOOL
Elementary School
Public