Real Estate Market Report for Memphis, TN

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How's the Market?

Showing market report for Memphis, TN [Change Area].
Market reports are generalized for the area. For detailed statistics or a custom analysis consult with your real estate associate or contact us.


Active Listings Statistics

In Memphis, TN the average list price of a single–family home is $160,062. The average price per square foot is $80. There are currently 1,423 homes for sale with 445 new listings added in the last month.

  Comparing Month to Month
Recent Month Last Year % change
New Listings 445 444 0.23%
Avg. List Price $183,861 $171,700 7.08%
Avg. Price Sq/Ft $78 $76 2.63%
Avg. Days on Market 90 162 -44.44%
Recent Month of 07/01/17 - 07/31/17 to Last Year 07/01/16 - 07/31/16
Comparing Year to Year
Recent Year Previous Year % change
5,778 5,362 7.76%
$160,062 $152,478 4.97%
$80 $73 9.59%
71 114 -37.72%
Recent Year of Aug 03, 2016 - Aug 02, 2017 to Last Year Aug 03, 2015 - Aug 02, 2016

Active Units by Property Type

Active Single Family Homes by Price Range

Average Single Family Home Price by Bedrooms

  List Price Per Sq. Ft.
5+ Bedrooms $640,618 $117
4 Bedrooms $316,787 $94
3 Bedrooms $108,064 $63
2 Bedrooms $65,329 $62

Explore More Areas

Most Popular Top 5 Zips for the Greater Metro Area near Memphis.

Actives – Based on total # homes for sale
# City, State Zip Explore Area
303 Olive Branch, MS 38654 Stats | Listings
220 Collierville, TN 38017 Stats | Listings
172 Arlington, TN 38002 Stats | Listings
172 Memphis, TN 38127 Stats | Listings
142 Southaven, MS 38672 Stats | Listings

Solds – Based on total # homes sold
# City, State Zip Explore Area
1,459 Olive Branch, MS 38654 Stats | Listings
1,029 Collierville, TN 38017 Stats | Listings
937 Cordova, TN 38016 Stats | Listings
897 Arlington, TN 38002 Stats | Listings
721 Cordova, TN 38018 Stats | Listings

Price – Based on highest avg. home price
Price City, State Zip Explore Area
$843,331 Memphis, TN 38103 Stats | Listings
$760,578 Memphis, TN 38120 Stats | Listings
$744,665 Germantown, TN 38139 Stats | Listings
$727,068 Eads, TN 38028 Stats | Listings
$625,000 Waterford, MS 38685 Stats | Listings



Sold Properties Statistics

A Sold Data Report is Available for Memphis, TN

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Sold Real Estate Report

This report is based on MLS activity from Aug 03, 2016 - Aug 02, 2017. Previous year figures are from Aug 03, 2015 - Aug 02, 2016. This includes a total of 14,081 active listings and 12,125 sold listings.


Market reports on our site are generalized. For detailed statistics or a custom analysis consult with your real estate agent, send a request online
or call Crye-Leike at 866-310-3102.