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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

$222,431

AVERAGE PRICE OF 1,814 HOMES

$1,700,280

AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES

$308,086

AVERAGE PRICE OF 82 NEWLY BUILT HOMES

$470,413

AVERAGE PRICE OF 201 HOMES WITH A POOL

$332,187

AVERAGE PRICE OF 42 REDUCED PRICE HOMES

$40,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $222,431
Avg Bedrooms 2.55 beds
Avg Bathrooms 1.45 baths

Average Price by Bedrooms

1 bedroom $138,596
2 bedrooms $80,719
3 bedrooms $156,470
4 bedrooms $321,875
5 bedrooms $728,388
Memphis Home Price Trends
  5/2020 4/2020 3/2020 2/2020 1/2020
Total Listings 1,842 1,924 1,951 1,954 1,893
Average Price $214,971 $210,649 $209,853 $197,284 $193,690
Avg Price Change +2.05% +0.38% +6.37% +1.86% -1.11%
Median Price $135,815 $130,735 $126,711 $119,726 $112,442
Med Price Change +3.89% +3.18% +5.83% +6.48% -3.12%
Avg Bedrooms 2.55 beds 3.48 beds 3.32 beds 3.45 beds 3.49 beds
Avg Bathrooms 1.44 baths 2.28 baths 2.3 baths 2.22 baths 2.01 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,814 $222,431 212 days
Multi-Million Dollar Homes 39 $1,700,280 152 days
Newly Built Homes 82 $308,086 106 days
Homes with a Pool 201 $470,413 88 days
Reduced Price Homes 42 $332,187 60 days
Distressed Homes 1 $40,800 318 days

School Data

Highly Rated Memphis Schools

8

MACON-HALL ELEMENTARY SCHOOL
Elementary School
Public