$2,078 Closing Credit*
$175,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: MidSouth Residential, LLC
Is Southeast 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, Southeast Memphis was a Buyer's Market.
Key Takeaway
Southeast Memphis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Memphis, TN
How much do homes in Southeast Memphis, TN cost?
Median Sold Price
$179,900
-
Based on all homes sold in October 2024.
Difference Since Last Month
-$10,100(-5.3%)
Key Takeaway
Homes in Southeast Memphis have sold for 5.3% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $182.5K | $166.4K | -8.8% |
| 4 Bedrooms | - | $206.9K | N/A |
| 5+ Bedrooms | $190K | - | N/A |
Summary: Southeast Memphis housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Parkway Village | $105K | $109.5K | +4.3% |
| Southeast Memphis | $190K | $179.9K | -5.3% |
Housing Supply in Southeast Memphis, TN
How many homes are available in Southeast Memphis, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 46 | +15.0% |
Summary: The Southeast Memphis real estate market had 46 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 28 | 34 | +21.4% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Southeast Memphis housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Memphis, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Southeast Memphis in October 2024, up by 200.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Southeast Memphis, TN
We’re sorry, we don't have information for this market at the moment
