Memphis, MI Housing Market
In November 2024, Memphis home prices were down 36.2% compared to last year, selling for a median price of $150K.
Memphis Migration & Relocation Trends
- Across the nation, 0.78% of homebuyers searched to move into Memphis from outside metros.
- Los Angeles homebuyers searched to move into Memphis more than any other metro followed by New York and Washington.
- 75% of Memphis homebuyers searched to stay within the Memphis metropolitan area.
- Cape Coral was the most popular destination among Memphis homebuyers followed by Grand Rapids and Saginaw.
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 410 | ||
| 2 | 403 | ||
| 3 | 393 | ||
| 4 | 389 | ||
| 5 | 189 | ||
| 6 | 151 | ||
| 7 | 96 | ||
| 8 | 87 | ||
| 9 | 81 | ||
| 10 | 79 | ||
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 165 | ||
| 2 | 159 | ||
| 3 | 155 | ||
| 4 | 144 | ||
| 5 | 139 | ||
| 6 | 132 | ||
| 7 | 103 | ||
| 8 | 98 | ||
| 9 | 96 | ||
| 10 | 93 | ||
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Memphis.
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