Memphis Real Estate Trends & Statistics

Memphis Median List Price

$99,900

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Memphis Market Snapshot

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	Today	1 Month Ago		1 Year Ago
Total Inventory	2,666	2,684	1%	3,375	21%
Median List Price	$99,900	$99,900		$99,900
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	8%	8%		9%
Median DOM	72	74	3%	83	13%
Median House Size	1,600	1,600		1,600
Median $/Sqft	$67/sqft	$66/sqft	2%	$66/sqft	2%

	Today	1 Month Ago		1 Year Ago
Total Inventory	2,419	2,432	1%	3,075	21%
Median List Price	$99,000	$99,000		$99,900	1%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	8%	9%		10%
Median DOM	72	74	3%	79	9%
Median House Size	1,600	1,600		1,600
Median $/Sqft	$65/sqft	$64/sqft	2%	$63/sqft	3%

	Today	1 Month Ago		1 Year Ago
Total Inventory	247	252	2%	300	18%
Median List Price	$115,000	$112,500	2%	$134,900	15%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	3%	2%		3%
Median DOM	84	83	1%	129	35%
Median House Size	1,400	1,400		1,400
Median $/Sqft	$99/sqft	$93/sqft	6%	$108/sqft	8%

Memphis Market Data

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	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	605	464	331	535	443	521	561
New Listings	779	682	582	777	765	887	865
Sold/Expired	1,111	908	947	890	767	953	997

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	558	422	305	484	407	480	516
New Listings	728	629	544	734	716	805	809
Sold/Expired	1,031	849	885	838	706	896	932

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	47	42	26	51	36	41	45
New Listings	51	53	38	43	49	82	56
Sold/Expired	80	59	62	52	61	57	65

Memphis, Tennessee real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Memphis homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Memphis. Movoto is your comprehensive source for Memphis property information. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Memphis, TN Market Overview

Inventory: 2,666 Recently Sold: 997 New Listings: 865 Distressed: 8

Memphis's home resale inventories decreased slightly, with a 1 percent decrease since April 2013. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in May. The median listing price in Memphis stayed the same from April to May. There were a total of 48 price increases and 561 price decreases.

Updated: 05/01/2013

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Nearby Homes for Sale

117 Country Pl, Memphis, TN