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 $163,399. The average price per square foot is $80. There are currently 1,487 homes for sale with 568 new listings added in the last month.

  Comparing Month to Month
Recent Month Last Year % change
New Listings 568 475 19.58%
Avg. List Price $185,072 $163,546 13.16%
Avg. Price Sq/Ft $77 $74 4.05%
Avg. Days on Market 88 161 -45.34%
Recent Month of 08/01/17 - 08/31/17 to Last Year 08/01/16 - 08/31/16
Comparing Year to Year
Recent Year Previous Year % change
5,912 5,345 10.61%
$163,399 $151,905 7.57%
$80 $73 9.59%
70 113 -38.05%
Recent Year of Sep 05, 2016 - Sep 04, 2017 to Last Year Sep 05, 2015 - Sep 04, 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 $631,143 $120
4 Bedrooms $317,187 $94
3 Bedrooms $110,375 $63
2 Bedrooms $54,667 $59

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
306 Olive Branch, MS 38654 Stats | Listings
221 Collierville, TN 38017 Stats | Listings
181 Memphis, TN 38127 Stats | Listings
163 Arlington, TN 38002 Stats | Listings
141 Southaven, MS 38672 Stats | Listings

Solds – Based on total # homes sold
# City, State Zip Explore Area
1,455 Olive Branch, MS 38654 Stats | Listings
1,021 Collierville, TN 38017 Stats | Listings
922 Arlington, TN 38002 Stats | Listings
915 Cordova, TN 38016 Stats | Listings
756 Cordova, TN 38018 Stats | Listings

Price – Based on highest avg. home price
Price City, State Zip Explore Area
$841,125 Memphis, TN 38103 Stats | Listings
$803,347 Memphis, TN 38120 Stats | Listings
$736,109 Germantown, TN 38139 Stats | Listings
$714,304 Eads, TN 38028 Stats | Listings
$523,529 Williston, TN 38076 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 Sep 05, 2016 - Sep 04, 2017. Previous year figures are from Sep 05, 2015 - Sep 04, 2016. This includes a total of 14,238 active listings and 12,192 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.