Memphis, MI
Housing market overview · Updated weekly
$394,500median sale price
Homes sold
2
Last 12 weeks
Days on market
132
Average pace
Active listings
—
Sale-to-list
103.7%
Above asking
The Memphis housing market is currently classified as a balanced market with a median sale price of $394,500. Prices have risen 69.7% compared to last year, with homes spending an average of 132 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Memphis?
The median home sale price in Memphis is $394,500, up 69.7% from last year.
How long do homes stay on market in Memphis?
Homes typically spend 132 days on market before going under contract.
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