1
New Construction Communities in Memphis, TN
Home Trends in Memphis, TN
On average, homes in Memphis, TN sell after 63 days on the market compared to the national average of 55 days. The median sale price for homes in Memphis, TN over the last 12 months is $205,000, up 8% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$205,000
Median Single Family Sale Price
$199,000
Median Townhouse Sale Price
$405,421
Median 2 Bedroom Sale Price
$150,000
Median 1 Bedroom Sale Price
$148,000
Average Price Per Sq Ft
$133
Number of Homes for Sale
2,420
Last 12 months Home Sales
6,708
Months of Supply
4.30
Median List Price
$209,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
8%
Popular Homebuilders in Memphis, TN
There are 1 homebuilders developing in new home communities in Memphis, TN.
| Builder | Communities | Average List Price |
|---|---|---|
| Grant & Co. | 1 | $419,950 |