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.
  • $105,800
  • 2.0%Y-o-Y
  • Calculated 08/27/2014*
  • *Includes data and transactions through 07/31/2014
 
 
 
 
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This data is not available for Memphis Metro.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Jul 2014
394849
-0.8%
-0.2%
2.0%
105800
107712
50762
-0.4%
-0.4%
2.5%
202700
35127
0.1%
2.2%
6.3%
164600
10264
-0.2%
1.0%
5.9%
155900
10515
35164
0.1%
0.2%
-0.2%
126400
51194
51215
-2.4%
1.0%
19.1%
107800
42073
51487
-0.5%
-0.0%
3.4%
263700
4208
17609
-1.3%
-2.9%
-1.7%
93100
31098
28791
-0.6%
-1.8%
0.0%
118900
44998
36850
45089
38639
226784
11594
-0.4%
0.5%
3.0%
274300
31747
55798
18548
-1.7%
-4.5%
-2.8%
148500
227226
1.7%
1.7%
2.1%
263900
25164
-0.8%
11.3%
29.8%
71000
55827
45816
12122
32351
46130
-0.1%
0.9%
2.6%
235500
177114
-0.1%
-0.9%
-2.0%
115000
49557
16291
32811
-0.6%
-0.3%
0.8%
66500
5963
0.2%
1.1%
4.1%
102900
19477
0.1%
-0.1%
-10.9%
110800
53465
0.4%
2.1%
3.4%
129200
26084
-1.0%
-3.0%
-4.4%
153800
40006
13076
1.8%
3.6%
3.5%
138800
50450
-1.0%
-1.0%
0.1%
145500
47129
20042
26703
49519
47459
3.3%
14.8%
12.0%
176900
54316
20418
43218
16180
0.7%
5.2%
3.3%
122500
54492
-0.4%
-0.9%
-0.4%
105800
7493
34635
48350
14564
7950
1.0%
6.0%
4.1%
135100
 
Zillow Home Value IndexY-o-Y
Memphis Metro$105,8002.0%
Oxford Metro$179,9006.7%
Dyersburg Metro$69,6003.1%
Jackson Metro$92,200-1.6%
Mortgage Rates
 
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