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Jamel Lee
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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

$198,293

AVERAGE PRICE OF 1,975 HOMES

$1,496,154

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$327,643

AVERAGE PRICE OF 92 NEWLY BUILT HOMES

$417,549

AVERAGE PRICE OF 194 HOMES WITH A POOL

$280,683

AVERAGE PRICE OF 34 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $198,293
Avg Bedrooms 3.48 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

1 bedroom $160,848
2 bedrooms $71,232
3 bedrooms $292,465
4 bedrooms $154,919
5 bedrooms $491,837
Memphis Home Price Trends
  1/2020 12/2019 11/2019 10/2019 9/2019
Total Listings 1,893 2,008 2,160 2,236 2,234
Average Price $193,690 $195,845 $199,812 $193,117 $191,582
Avg Price Change -1.11% -2.03% +3.47% +0.80% -1.44%
Median Price $112,442 $115,949 $123,428 $109,826 $107,061
Med Price Change -3.12% -6.45% +12.39% +2.58% -1.75%
Avg Bedrooms 3.49 beds 4.3 beds 4.07 beds 3.89 beds 4.05 beds
Avg Bathrooms 2.01 baths 2.84 baths 2.62 baths 2.4 baths 2.42 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Manassas 1 $399,900 20 days
Melrose High 1 $18,275 20 days
Shelby County 2 $379,500 77 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,975 $198,293 91 days
Multi-Million Dollar Homes 35 $1,496,154 166 days
Newly Built Homes 92 $327,643 76 days
Homes with a Pool 194 $417,549 96 days
Reduced Price Homes 34 $280,683 87 days
Distressed Homes 1 $40,800 220 days

School Data

Highly Rated Memphis Schools

8

MACON-HALL ELEMENTARY SCHOOL
Elementary School
Public