Memphis, NY Home Values & Market Trends
Real estate market trends reflect that there have been 27 transactions over the past year in Memphis. The median value for residential home transactions that occurred over the previous year is $206,052.81. The number of current listings in Memphis is 0, and the percentage of properties for sale in the city is 0.00%. Memphis, NY currently has 3 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 0 properties for sale.
Memphis, NY Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 13112 | $ -- $ -- |
Housing Market Summary for Memphis, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $0 | $197.5K | - |
| Median Sold Price | $191.9K | $197.5K | 2.92% |
| Homes For Sale | 0 | 0 | - |
| Homes Sold | 15 | 17 | 13.33% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Memphis, NY
Memphis home values range from $40,813 to $828,338. The median estimated value of a home in Memphis is $206,052.81. The median list price of a home is 0, and the total count of properties in the city is 652.
- Pre-ForeclosurePre-foreclosure homes account for 0.46% of all residential properties in Memphis, NY with 13112 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Memphis, NY; of that zips, the estimated home value for pre-foreclosure homes ranges from $226,228 in 13112 to the lowest home value of $164,687 in 13112.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Memphis, NY ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Memphis, NY. There is 1 zips within Memphis, NY; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Memphis, NY. Auction homes and other auction properties account for 0% of all properties in Memphis, NY. There is 1 zips within Memphis, NY; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Memphis, NY
The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.