$321,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Groome & Co.
October 2024
Report Updated 16 Days Ago
Is Memphis, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Memphis was a Buyer's Market.
How much do homes in Memphis, TN cost?
$190,466
-
Based on all homes sold in October 2024.
Difference Since Last Month
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200.5K | $151K | -24.7% |
2 Bedrooms | $123.5K | $124K | 0.4% |
3 Bedrooms | $183.5K | $169.5K | -7.6% |
4 Bedrooms | $250K | $300K | +20.0% |
5+ Bedrooms | $335K | $355K | +6.0% |
Summary: Memphis housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 24.7%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 6%.
Bartlett | $298K | $340.5K | +14.3% |
Cordova | $290K | $300K | +3.4% |
Germantown | $474K | $483K | +1.9% |
Memphis | $192K | $190.4K | -0.8% |
How many homes are available in Memphis, TN?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
2,138 | 2,616 | +22.4% |
Summary: The Memphis real estate market had 2,616 homes for sale in October 2024, a 22.4% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 43 | +13.2% |
2 Bedrooms | 335 | 432 | +29.0% |
3 Bedrooms | 1,090 | 1,366 | +25.3% |
4 Bedrooms | 511 | 593 | +16.0% |
5+ Bedrooms | 164 | 182 | +11.0% |
Summary: The Memphis housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 25.3%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 11%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
239 | 409 | +71.1% |
252 Homes Were Sold
Under Asking
103 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Summary: A total of 409 homes were sold or pending in Memphis in October 2024, up by 71.1% month-over-month. Of the 408 sold homes, 62% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
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Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 16 Days Ago
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MLS Disclaimers and Copyright
Based on information from Memphis MLS, RealTracs Middle Tennessee Regional MLS, and MLS United Previous Previous for the period 09/01/2024 - 11/01/2024
Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 5:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
© 2024 of the REALTRACS MLS. All rights Reserved.
The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/16/2024, 11:48:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is deemed to be reliable but not guaranteed. Copyright 2024, MLS United, LLC.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/16/2024, 11:55:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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