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 $161,166. The average price per square foot is $78. There are currently 1,450 homes for sale with 477 new listings added in the last month.

  Comparing Month to Month
Recent Month Last Year % change
New Listings 477 476 0.21%
Avg. List Price $189,030 $168,187 12.39%
Avg. Price Sq/Ft $79 $76 3.95%
Avg. Days on Market 94 158 -40.51%
Recent Month of 05/01/17 - 05/31/17 to Last Year 05/01/16 - 05/31/16
Comparing Year to Year
Recent Year Previous Year % change
5,625 5,303 6.07%
$161,166 $151,931 6.08%
$78 $73 6.85%
74 114 -35.09%
Recent Year of Jun 14, 2016 - Jun 13, 2017 to Last Year Jun 14, 2015 - Jun 13, 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 $641,683 $118
4 Bedrooms $323,131 $93
3 Bedrooms $104,821 $62
2 Bedrooms $64,825 $57

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
307 Olive Branch, MS 38654 Stats | Listings
229 Collierville, TN 38017 Stats | Listings
164 Arlington, TN 38002 Stats | Listings
162 Memphis, TN 38127 Stats | Listings
137 Memphis, TN 38109 Stats | Listings

Solds – Based on total # homes sold
# City, State Zip Explore Area
1,435 Olive Branch, MS 38654 Stats | Listings
1,023 Collierville, TN 38017 Stats | Listings
934 Cordova, TN 38016 Stats | Listings
893 Arlington, TN 38002 Stats | Listings
722 Cordova, TN 38018 Stats | Listings

Price – Based on highest avg. home price
Price City, State Zip Explore Area
$908,639 Memphis, TN 38103 Stats | Listings
$738,989 Germantown, TN 38139 Stats | Listings
$737,593 Memphis, TN 38120 Stats | Listings
$731,010 Eads, TN 38028 Stats | Listings
$645,000 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 Jun 14, 2016 - Jun 13, 2017. Previous year figures are from Jun 14, 2015 - Jun 13, 2016. This includes a total of 14,010 active listings and 12,024 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.