Memphis Home Prices and Home Values

  • Zillow Home Value Index

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

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

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    Median sale price ($)
    Mid-point of the price homes have sold for in Memphis. 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. 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. 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 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, 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 Memphiss 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 Memphiss 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, 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 Memphiss 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 (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 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 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 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 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 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 whose values have increased in the past year.
  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in Memphis 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 that were sold in the past 12 months.
  • $66,300
  • 2.8%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.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Feb 2014
32811
0.2%
0.5%
2.8%
66300
272942
-0.7%
-1.6%
1.0%
42200
273348
-0.1%
-0.2%
1.9%
125300
273496
0.9%
3.5%
12.2%
46900
273521
0.1%
-0.1%
3.5%
120800
273555
0.1%
0.9%
4.1%
89000
273973
0.1%
-0.1%
1.2%
76600
274526
-0.5%
0.0%
9.4%
60400
274983
-0.2%
-0.2%
0.0%
56200
229214
0.2%
0.2%
3.8%
66400
276537
0.7%
1.9%
5.2%
152500
275359
1.4%
2.6%
5.0%
43800
276659
0.2%
1.3%
-0.2%
55400
276103
 
Zillow Home Value IndexY-o-Y
Memphis$66,3002.8%
Germantown$269,1004.3%
Bartlett$151,0005.2%
Mortgage Rates
 
Homes for Sale
  1. 1581 Central Ave, Memphis, TN Home For Sale
    1581 Central Ave, Memphis, TN 38104

     For Sale: $609,000

    • Beds: 5
    • Sqft: 4000
    • Baths: 4.0
    • Lot: 10890
  2. 505 Tennessee St APT 120, Memphis, TN Home For Sale
    505 Tennessee St APT 120, Memphis, TN 38103

     For Sale: $209,000

    • Beds: 1
    • Sqft: 1801
    • Baths: 1.0
    • Lot: 1742
  3. 3911 Lighthouse Ln, Lakeland, TN Home For Sale
    3911 Lighthouse Ln, Lakeland, TN 38002

     For Sale: $254,900

    • Beds: 4
    • Sqft: 3200
    • Baths: 3.0
    • Lot: 10018