Are you looking for a home to buy in Memphis, Tennessee, but not sure for what price? Find out what your home may be worth with our free home valuation tool! Be sure to save your searches and sign up to be notified as soon as new matching properties become available so you don’t miss out!
Are you ready to sell your home or investment property but not sure at what price? Find out what your property may be worth by using our free home valuation tool. Simply enter some basic information about your home and we will provide you a comprehensive market summary suggesting a beginning offering price for your home. Then we will show you how we market and sell your home to the most qualified buyers.
Whether you are ready to buy or sell a home, condo, or duplex call us today at 901-451-2001 and we’ll get you started!
Memphis Housing Stats
There were 77 new home sales for August this year in Memphis, a decrease of 18.9% from last year’s 95 new home sales, and the average sale price for new homes increased 10% from one year ago, up from $461,630 to $507,986.
There were 8 bank-owned properties sold, same as last year’s. Average sales price increased 54.1% from $110,127 to $169,720.
There is a total of 3,311 listings available to buyers in Memphis, this includes single family, condo and duplex properties for sale. The average list price for single-family homes is $362,985, $254,918 for condos, and for duplexes is $185,804. The market total for pending sales is 963 for single family, 44 for condo and 20 for duplex with the average list price of $334,212.
Inventory increased 3.9% with 3,311 units listed for sale.
Market Reports from 2023
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Market Reports from 2022
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Memphis Homes for Sale
Here are the most recent home listings just added to the database in the average sale price for Memphis – all homes here are priced at $249,100 or less