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 $162,402. The average price per square foot is $80. There are currently 1,531 homes for sale with 498 new listings added in the last month.

  Comparing Month to Month
Recent Month Last Year % change
New Listings 498 432 15.28%
Avg. List Price $177,495 $163,375 8.64%
Avg. Price Sq/Ft $76 $75 1.33%
Avg. Days on Market 94 168 -44.05%
Recent Month of 09/01/17 - 09/30/17 to Last Year 09/01/16 - 09/30/16
Comparing Year to Year
Recent Year Previous Year % change
5,938 5,338 11.24%
$162,402 $152,883 6.23%
$80 $74 8.11%
70 113 -38.05%
Recent Year of Oct 10, 2016 - Oct 09, 2017 to Last Year Oct 10, 2015 - Oct 09, 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 $596,358 $112
4 Bedrooms $321,825 $95
3 Bedrooms $108,361 $64
2 Bedrooms $58,200 $61

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
315 Olive Branch, MS 38654 Stats | Listings
222 Collierville, TN 38017 Stats | Listings
178 Memphis, TN 38127 Stats | Listings
146 Arlington, TN 38002 Stats | Listings
146 Memphis, TN 38111 Stats | Listings

Solds – Based on total # homes sold
# City, State Zip Explore Area
1,440 Olive Branch, MS 38654 Stats | Listings
1,025 Collierville, TN 38017 Stats | Listings
924 Arlington, TN 38002 Stats | Listings
912 Cordova, TN 38016 Stats | Listings
768 Cordova, TN 38018 Stats | Listings

Price – Based on highest avg. home price
Price City, State Zip Explore Area
$931,111 Memphis, TN 38103 Stats | Listings
$775,516 Memphis, TN 38120 Stats | Listings
$752,183 Eads, TN 38028 Stats | Listings
$700,164 Germantown, TN 38139 Stats | Listings
$542,675 Germantown, TN 38138 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 Oct 10, 2016 - Oct 09, 2017. Previous year figures are from Oct 10, 2015 - Oct 09, 2016. This includes a total of 14,332 active listings and 12,202 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.