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Memphis Market Trends

Today, December 1, 2009

Memphis Summary

The median sales price for homes in Memphis MI for Jun 09 to Aug 09 was $88,221. This represents a decline of 37.2%, or $52,198, compared to the prior quarter and a decrease of 20.1% compared to the prior year. Sales prices have appreciated 3.8% over the last 5 years in Memphis.

The average listing price for Memphis homes for sale on Trulia was $114,255 for the week ending Nov 25, which represents an increase of 2.3%, or $2,572, compared to the prior week and a decline of 14.8%, or $19,895, compared to the week ending Nov 04.

 

Average Listing Price in Memphis

Embed Info
1 yr 5 yr Max
Memphis average property price
Memphis – number of properties
No. BedroomsWeek ending
Nov 25
w-o-wWeek ending
Nov 18
Week ending
Nov 11
Week ending
Nov 4
1 bedroom-----
2 bedrooms-----
3 bedrooms$139,003-3.3%$143,777$143,379$143,940
4 bedrooms-----
All properties$114,255+2.3%$111,683$114,727$134,150
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Homes for Sale in Memphis

35074 Benton Street, Memphis MI
35074 Bent…
$79,900
3 br  1 ba
35276 Bordman Road, Memphis MI
35276 Bord…
$129,900
3 br  2 ba
80620 Main Street, Memphis MI
80620 Main…
$129,900
4 br  2 ba
34825 Maple Street, Memphis MI
34825 Maple…
$114,900
3 br  1 ba
34430 Potter Street, Memphis MI
34430 Pott…
$114,900
3 br  1 ba
79801 Main Street, Memphis MI
79801 Main…
$206,900
6 br  4 ba
View all Memphis Homes for Sale
 
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Nearby Cities

Cities
Median
sales price
Average
listing price
Richmond
$103,000
$145,822
Columbus
$36,000
$183,274
Armada
$126,700
$275,392
New Haven
$89,378
$133,312
Lenox
$61,900
$174,812
Ray
$113,356
$230,512
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Recent Q&A in Memphis, MI

Q: We signed a purchase agreement for our Michigan home but our house appraised for less than the purchase 5 answers
Q: I have been approved for a mortgage of 150k. 3 answers
Q: Must an offer rejection letter from the bank be provided when requested? 3 answers
Q: How can we get a loan? I had perfect credit till I got divorced, my x put me in debt. Now I am back to paying 3 answers
Q: A basic one. Being from New York and looking to transition from a small town to the City of Port Huron, what 1 answer

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Our real estate market trends page gives you a valuable overview of the Memphis real estate market. Find Memphis properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Memphis average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Memphis housing statistics are available for each Memphis, MI neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.