$225,000
20.00 Acres
Land
#50163472, Gloria Diaz, Listing Office: KW Platinum
Housing Prices in Memphis, MI
How much do homes in Memphis, MI cost?
Median List Price
$299,900
$222/sqft
Based on all homes listed in the last 12 months.
Difference Since December 2023
+$8,200(+2.8%)
Key Takeaway
The list price of homes in Memphis has increased by 2.8% since last year.
Summary: The median home list price in Memphis was $299,900 in December 2024, up 2.8% from the previous year, and the median price per square foot was $222.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $152K | N/A |
| 3 Bedrooms | $288.5K | $302.4K | +4.8% |
| 4 Bedrooms | $335K | $335K | 0.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Memphis housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Memphis | $294.9K | $309.9K | +5.1% |
| Memphis | $291.7K | $299.9K | +2.8% |
| Richmond Township | $299.4K | $304.5K | +1.7% |
| Riley Township | $385.4K | $377K | -2.2% |
Housing Supply in Memphis, MI
How many homes are available in Memphis, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Summary: The Memphis real estate market had 1 homes for sale in December 2024, a 66.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Memphis housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Memphis, MI
How long does it take to sell a home in Memphis, MI?
Average Listing Age
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 168 Days | 35 Days | -79.3% |
Summary: Homes in Memphis had an average listing age of 35 days in Dec 2024, down by 79.3% compared to the previous year.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.