$1,958 Closing Credit*
$164,900
1,376 SqFt
3 Beds
•1 Full Bath, 1 Partial
Nick G Ottenbacher, Listing Office: Brookstone, Realtors LLC
Housing Prices in Memphis, MI
How much do homes in Memphis, MI cost?
Median List Price
$304,900
$198/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
+$10,000(+3.4%)
Key Takeaway
The list price of homes in Memphis has increased by 3.4% since last year.
Summary: The median home list price in Memphis was $304,900 in November 2024, up 3.4% from the previous year, and the median price per square foot was $198.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299K | $185.6K | -37.9% |
| 3 Bedrooms | $287.7K | $304.9K | +6.0% |
| 4 Bedrooms | $432.4K | $375K | -13.3% |
| 5+ Bedrooms | - | $635K | N/A |
Summary: Memphis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.9%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Memphis | $294.9K | $304.9K | +3.4% |
| Memphis | $288.5K | $297.4K | +3.1% |
| Richmond Township | $299.9K | $307.5K | +2.5% |
| Riley Township | $385.4K | $377K | -2.2% |
| Emmett | $362.4K | $334K | -7.8% |
Housing Supply in Memphis, MI
How many homes are available in Memphis, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Memphis real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Memphis housing inventory by bedroom type for November 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 20%, 4 bedroom homes decreased by 50%, 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 164 Days | 49 Days | -70.0% |
Summary: Homes in Memphis had an average listing age of 49 days in Nov 2024, down by 70% 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.