Memphis Area Real Estate Market Report – This Month 2020

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Welcome to this month’s Memphis area real estate market report. Are you curious to know what the market for home’s is like in Memphis as we head into the winter season? Get up to date with this helpful report.

Are you ready to buy a home? This report will tell you the numbers, we will show you the homes. Start your search here to find houses by price, size, location, and more! Once you find a home you like, save your searches, then be sure to sign up to be notified as soon as new, matching properties hit the market!

Do you need to sell but not sure what your home might sell for? We provide a free home valuation tool to help you discover your home’s worth. Begin by answering a few questions, then, we will provide an estimate of your property’s market value. We work to price homes correctly so you don’t leave money on the table! Get started today! Give the Lumiere Team a call at 901-451-2001.

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Memphis Housing Stats

The average sale price for single-family homes in Memphis, Tennessee, ended October 2020 at $241,213, a year to year increase of 27.9% from $188,641.

The year to date sales average for single-family homes during this same period is $213,119, an increase of 11.8% from $190,616.

There were a total of 1,829 properties sold in Memphis during October, an increase of 6.4% from 1,719 one year ago. Year to date there have been 16,156 single-family homes sold so far, this is lagging 2.7% from 16,604 sold by this time the previous year.

Inventory dropped from September to October, falling from 2,863 units available to 3,805 available at the end of October 2020.

READ THE IN-DEPTH MARKET REPORT HERE!

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Market Reports from 2020

August 2020September 2020
October 2020
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Browse by Area

 

BartlettCordovaGermantown
LakelandArlington
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Memphis Homes for Sale

Here are the most recent home listings just added to the database in the median sale price range for Memphis – all homes here are priced at $241,213 or less.

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