Memphis Metro Home Prices and Home Values

  • Zillow Home Value Index

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    Zillow Home Value Index
    Mid-point of Zestimate valuations for Memphis Metro. Half the Zestimates are above this number and half are below it.
  • Median list price ($)

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    Median list price ($)
    Mid-point of the list price for homes listed on Zillow in Memphis Metro, or the asking price.
  • Median sale price ($)

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    Median sale price ($)
    Mid-point of the price homes have sold for in Memphis Metro. Half the homes sold above this number and half sold below.
  • Zillow Rent Index

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    Zillow Rent Index
    Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in Memphis Metro. Half the Rent Zestimates are above this number and half are below it.
  • Median rent list price ($)

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    Median rent list price ($)
    Mid-point of the rental price for homes listed for rent on Zillow in the Memphis Metro. Half the homes have rent prices above this number and half are below.
  • Total homes sold

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    Total homes sold
    Total number of homes sold in Memphis Metro during the prior 30 days.
  • Median value per sq. ft. ($)

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    Median value per sq. ft. ($)
    Mid-point of the value of all homes in Memphis Metro, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
  • Median list price / sq. ft. ($)

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    Median list price / sq. ft. ($)
    Mid-point of Memphis Metros list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
  • Median sale price / sq. ft. ($)

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    Median sale price / sq. ft. ($)
    Mid-point of Memphis Metros sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
  • Rent estimate / sq. ft. ($)

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    Rent estimate / sq. ft. ($)
    Mid-point of the estimated monthly rent price of all homes in Memphis Metro, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
  • Median rent list price / sq. ft. ($)

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    Median rent list price / sq. ft. ($)
    Mid-point of Memphis Metros rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
  • Median sale-to-list price ratio

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    Median sale-to-list price ratio
    Mid-point of the ratio between the sale price and the list price for all homes in Memphis Metro (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
  • Listings with price cut (%)

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    Listings with price cut (%)
    The percentage of current listings on Zillow in Memphis Metro whose price has been reduced in the last 30 days.
  • Median price cut (%)

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    Median price cut (%)
    Mid-point of the percentage of price reduction for homes in Memphis Metro whose prices have been reduced in the past full month.
  • Sold for loss (%)

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    Sold for loss (%)
    The percentage of homes in Memphis Metro that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
  • Sold for gain (%)

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    Sold for gain (%)
    The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
  • Homes foreclosed

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    Homes foreclosed
    Number of homes in Memphis Metro that have been foreclosed but not yet resold to a private party. Expressed as a ratio (foreclosed homes per 10,000 total homes). It does not include homes for which the foreclosure process has started but not yet finished.
  • Foreclosure re-sales (%)

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    Foreclosure re-sales (%)
    The percentage of home sales in a given month in Memphis Metro where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
  • Increasing values (%)

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    Increasing values (%)
    The percentage of homes in Memphis Metro whose values have increased in the past year.
  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in Memphis Metro whose value has fallen in the last year.
  • Sold in past year (%)

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    Sold in past year (%)
    The percentage of all homes in Memphis Metro that were sold in the past 12 months.
  • $107,000
  • 6.4%Y-o-Y
  • Calculated 03/17/2014*
  • *Includes data and transactions through 02/28/2014
 
 
 
 
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This data is not available for Memphis Metro.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Feb 2014
394849
-0.3%
-0.9%
6.4%
107000
107712
50762
0.3%
1.4%
6.1%
201500
35127
1.4%
4.2%
8.2%
162800
10264
0.5%
1.8%
5.2%
151000
10515
35164
0.7%
1.5%
4.4%
127000
51194
51215
42073
51487
0.4%
1.1%
4.2%
258400
4208
17609
0.1%
1.5%
12.9%
97700
31098
28791
1.0%
2.7%
5.2%
121900
44998
36850
45089
38639
226784
11594
0.3%
0.9%
4.3%
269100
31747
55798
18548
227226
-0.0%
0.9%
3.0%
250900
25164
55827
45816
12122
32351
46130
0.0%
0.2%
3.0%
229700
177114
49557
16291
32811
0.2%
0.5%
2.8%
66300
5963
1.0%
3.1%
3.2%
99900
19477
-2.5%
-7.9%
-8.9%
108500
53465
0.6%
1.9%
8.1%
129000
26084
40006
13076
-0.2%
-0.7%
0.2%
128400
50450
47129
-0.3%
-1.1%
1.4%
175000
20042
26703
49519
47459
-1.7%
-3.6%
-5.1%
146600
54316
20418
43218
16180
-0.5%
-2.9%
-6.9%
108700
54492
7493
34635
48350
14564
7950
-1.0%
-1.4%
-2.2%
123400
 
Zillow Home Value IndexY-o-Y
Memphis Metro$107,0006.4%
Dyersburg Metro$69,7006.6%
Jackson Metro$91,000-1.2%
Mortgage Rates