The South Memphis housing market is somewhat competitive. The median sale price of a home in South Memphis was $64K last month, up 8.9% since last year. The median sale price per square foot in South Memphis is $65, up 28.4% since last year.
What is the housing market like in South Memphis today?
In March 2024, South Memphis home prices were up 8.9% compared to last year, selling for a median price of $64K. On average, homes in South Memphis sell after 54 days on the market compared to 67 days last year. There were 58 homes sold in March this year, down from 59 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$64,000
+8.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Memphis, TN
$64,000
+8.9%
United States
To compare other locations to the South 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 much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the South Memphis housing market?
South Memphis is somewhat competitive. Homes sell in 53 days.
0
100
30
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 8% below list price and go pending in around 53 days.
Hot homes
can sell for around list price and go pending in around 23 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
5/10
Peabody Elementary School
Public • PreK-5
387
Students
1 reviews
5/10
Alcy Elementary School
Public • PreK-5
241
Students
2 reviews
4/10
Rozelle Elementary School
Public • PreK-5
258
Students
5 reviews
4/10
Cummings Elementary School
Public • PreK-8
552
Students
1 reviews
4/10
Bruce Elementary School
Public • PreK-5
496
Students
2 reviews
Only showing 5 of
17 elementary schools.
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 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Memphis.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Memphis has a moderate risk of flooding. 2,006 properties in South Memphis are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in South Memphis. Flood risk is increasing slower than the national average.
4% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Memphis has a minor risk of wildfire. There are 1,079 properties in South Memphis that have some risk of being affected by wildfire over the next 30 years. This represents 4% of all properties in South Memphis.
99% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
South Memphis has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Memphis is most at risk from hurricanes. 21,534 properties in South Memphis 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 77 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 83 mph.