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, 0.80% 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 Washington and New York.
- 77% of Memphis homebuyers searched to stay within the Memphis metropolitan area.
- Grand Rapids was the most popular destination among Memphis homebuyers followed by Cape Coral and Traverse City.
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Nov '24 - Jan '25 | ||
| 1 | 424 | ||
| 2 | 421 | ||
| 3 | 393 | ||
| 4 | 350 | ||
| 5 | 188 | ||
| 6 | 180 | ||
| 7 | 99 | ||
| 8 | 94 | ||
| 9 | 92 | ||
| 10 | 81 | ||
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Nov '24 - Jan '25 | ||
| 1 | 214 | ||
| 2 | 157 | ||
| 3 | 141 | ||
| 4 | 123 | ||
| 5 | 115 | ||
| 6 | 96 | ||
| 7 | 88 | ||
| 8 | 75 | ||
| 9 | 74 | ||
| 10 | 55 | ||
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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