The median sale price of a home in South Memphis Alliance was $43K last month, down 62.2% since last year. The median sale price per square foot in South Memphis Alliance is $31, down 48.3% since last year.
What is the housing market like in South Memphis Alliance today?
In April 2024, South Memphis Alliance home prices were down 62.2% compared to last year, selling for a median price of $43K. On average, homes in South Memphis Alliance sell after 97 days on the market compared to 165 days last year. There were 4 homes sold in April this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$42,500
-62.2% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
South Memphis Alliance, TN
$42,500
-62.2%
United States
To compare other locations to the South Memphis Alliance 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.
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How hot is the South Memphis Alliance housing market?
Learn what it takes to have a winning offer
All Home Types
Data for this home type is limited in this area,
and should not be used for market analysis or forecasting.
Sale-to-List PriceAll Home Types
Data for this home type is limited in this area,
and should not be used for market analysis or forecasting.
Sale-to-List Price
(All Home Types)
82.7%
-12.3 pt YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
--
Growth
% YoY
South Memphis Alliance, TN
--
--
United States
Home offer insights for South Memphis Alliance
Explore recent offers and recently sold homes in South Memphis Alliance
Recent offers
View houses in South Memphis Alliance that sold recently
Learn about schools in the South Memphis Alliance area
Elementary
Middle
High
GreatSchools Rating
4/10
Cummings Elementary School
Public • PreK-8
414
Students
1 reviews
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 South Memphis Alliance housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Memphis Alliance.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Memphis Alliance has a moderate risk of flooding. 109 properties in South Memphis Alliance are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in South Memphis Alliance. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Memphis Alliance has a minor risk of wildfire. There are 6 properties in South Memphis Alliance that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in South Memphis Alliance.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
South Memphis Alliance has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Memphis Alliance is most at risk from hurricanes. 1,714 properties in South Memphis Alliance have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 70 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 77 mph.
88% of properties are at major
risk of heat over the next 30 years
Heat Factor
South Memphis Alliance has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 88% of homes in South Memphis Alliance have a Major Heat Factor®.
South Memphis Alliance is expected to see a 185% increase in the number of days over 109ºF over the next 30 years. South Memphis Alliance is expected to experience 7