Memphis, IN Housing Market

Homes for sale

The Memphis housing market is somewhat competitive. The median sale price of a home in Memphis was $330K last month, up 32.0% since last year.

Trends
Demand
Migration
Schools
Climate

Memphis Housing Market Trends

What is the housing market like in Memphis today?

In October 2024, Memphis home prices were up 32.0% compared to last year, selling for a median price of $330K.

$322K

Sale Price

$177

Sale $/Sq. Ft.

Under List Price

0.1%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Memphis and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Memphis add value to a home.

How hot is the Memphis housing market?

Memphis is somewhat competitive. Homes sell in 35 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for around list price and go pending in around 35 days.
Hot homes
can sell for around list price and go pending in around 4 days.

Compare With Nearby Cities

Louisville

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 28 days.
Hot homes
can sell for about 1% above list price and go pending in around 8 days.

Prospect

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 31 days.
Hot homes
can sell for about 1% above list price and go pending in around 9 days.

See more nearby cities and neighborhoods

Memphis Migration & Relocation Trends

In Sep '24 - Nov '24, 27% of Memphis homebuyers searched to move out of Memphis, while 73% looked to stay within the metropolitan area.

Where are people moving to Memphis from?

Across the nation, 0.27% of homebuyers searched to move into Memphis from outside metros.
Washington homebuyers searched to move into Memphis more than any other metro followed by Los Angeles and Chicago.

Where are people from Memphis moving to?

73% of Memphis homebuyers searched to stay within the Memphis metropolitan area.
Lexington was the most popular destination among Memphis homebuyers followed by Cincinnati and Bowling Green.

Number of People Moving to Memphis

least

most

People are moving to Memphis from

Inbound		Net inflow
Metros		Sep '24 - Nov '24
1	Washington, DC	632
2	Los Angeles, CA	130
3	Chicago, IL	111
4	Indianapolis, IN	110
5	New York, NY	74
6	Seattle, WA	49
7	San Francisco, CA	46
8	San Diego, CA	36
9	Phoenix, AZ	30
10	Columbus, OH	28

People are leaving Memphis for

Outbound		Net outflow
Metros		Sep '24 - Nov '24
1	Lexington, KY	212
2	Cincinnati, OH	178
3	Bowling Green, KY	48
4	Sarasota, FL	37
5	Evansville, IN	37
6	Cape Coral, FL	34
7	Knoxville, TN	30
8	Jacksonville, FL	19
9	Charleston, SC	18
10	Paducah, KY	17

Methodology

This data does not reflect actual moves. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.

View houses in Memphis that sold recently

Recently sold homes

SOLD NOV 27, 2024
$289,900 Last Sold Price
3 beds
2 baths
1,508 sq ft
2008 Fairview Farm Dr Lot 131, Memphis, IN 47143
List Price
$289,900
Sale to List
0% over list
Days on Market
173 days
2008 Fairview Farm Dr Lot 131, Memphis, IN 47143
SOLD NOV 26, 2024
$279,000 Last Sold Price
3 beds
2 baths
1,410 sq ft
2413 Johnson Pass, Memphis, IN 47143
List Price
$284,900
Sale to List
2% under list
Days on Market
232 days
2413 Johnson Pass, Memphis, IN 47143
SOLD NOV 25, 2024
$314,900 Last Sold Price
3 beds
2 baths
1,790 sq ft
13956 Deerfield Xing, Memphis, IN 47143
List Price
$314,900
Sale to List
0% over list
Days on Market
63 days
13956 Deerfield Xing, Memphis, IN 47143
SOLD NOV 21, 2024
$295,500 Last Sold Price
3 beds
2 baths
1,425 sq ft
2405 Johnson Pass, Memphis, IN 47143
List Price
$299,900
Sale to List
1% under list
Days on Market
129 days
2405 Johnson Pass, Memphis, IN 47143
SOLD NOV 21, 2024
3D WALKTHROUGH
$329,990 Last Sold Price
3 beds
2.5 baths
1,842 sq ft
1203 Sir Barton Ct, Memphis, IN 47143
List Price
$329,990
Sale to List
0% over list
Days on Market
202 days
1203 Sir Barton Ct, Memphis, IN 47143
SOLD NOV 20, 2024
$324,900 Last Sold Price
3 beds
2 baths
1,611 sq ft
804 Beale Ct Lot 510, Memphis, IN 47143
List Price
$324,900
Sale to List
0% over list
Days on Market
111 days
804 Beale Ct Lot 510, Memphis, IN 47143
SOLD NOV 15, 2024
$429,900 Last Sold Price
4 beds
3 baths
2,264 sq ft
911 Audobon Ct #425, Memphis, IN 47143
List Price
$429,900
Sale to List
0% over list
Days on Market
141 days
911 Audobon Ct #425, Memphis, IN 47143
SOLD NOV 12, 2024
$429,900 Last Sold Price
4 beds
3 baths
2,454 sq ft
735 Tcb Blvd Lot 534, Memphis, IN 47143
List Price
$429,900
Sale to List
0% over list
Days on Market
99 days
735 Tcb Blvd Lot 534, Memphis, IN 47143
See all recently sold homes in Memphis.
See listings

Schools in Memphis

Learn about schools in the Memphis area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Memphis housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Memphis.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Major

76% of properties are at major risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Memphis

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