Memphis, IN Home Values & Market Trends
Real estate market trends reflect that there have been 93 transactions over the past year in Memphis. The median value for residential home transactions that occurred over the previous year is $268,277.87. The number of current listings in Memphis is 9, and the percentage of properties for sale in the city is 9.00%. Memphis, IN currently has 2 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 9 properties for sale.
Memphis, IN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 47143 | $ 354,305 $ 163/sqft |
Housing Market Summary for Memphis, IN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $220K | $258.7K | 17.59% |
| Median Sold Price | $234K | $258.7K | 10.56% |
| Homes For Sale | 6 | 7 | 16.67% |
| Homes Sold | 21 | 33 | 57.14% |
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
Explore recent offers and recently sold homes in Memphis, IN
Browse Homes in Memphis, IN
Memphis home values range from $35,421 to $808,903. The median estimated value of a home in Memphis is $268,277.87. The median list price of a home is 389,900, and the total count of properties in the city is 1,313.
- Pre-ForeclosurePre-foreclosure homes account for 0.15% of all residential properties in Memphis, IN with 47143 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Memphis, IN; of that zips, the estimated home value for pre-foreclosure homes ranges from $241,872 in 47143 to the lowest home value of $217,473 in 47143.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Memphis, IN 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, IN. There is 1 zips within Memphis, IN; 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, IN. Auction homes and other auction properties account for 0% of all properties in Memphis, IN. There is 1 zips within Memphis, IN; 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, IN
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 Indianapolis, Indiana has shown growth in property values from March 2023 to January 2024, despite a minor dip in properties sold.
The Fort Wayne, Indiana real estate market showed impressive growth trends in 2023, with property values and prices per square foot showing an upward trajectory, suggesting potential for continued growth.
When house prices increase near good school, what options do home buyer have?