The South Main housing market is not very competitive. The median sale price of a home in South Main was $265K last month, down 50.6% since last year. The median sale price per square foot in South Main is $167, down 23.0% since last year.
What is the housing market like in South Main today?
In October 2024, South Main home prices were down 50.6% compared to last year, selling for a median price of $265K. On average, homes in South Main sell after 68 days on the market compared to 44 days last year. There were 13 homes sold in October this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$264,500
-50.6% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
South Main, TN
$264,500
-50.6%
United States
To compare other locations to the South Main 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 Main housing market?
South Main is not very competitive. Homes sell in 70 days.
0
100
23
Not Very 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 9 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 70 days.
Hot homes
can sell for about 1% below list price and go pending in around 32 days.
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 Main housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Main.
Flood Factor - Minor
6% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Main has a minor risk of flooding. 53 properties in South Main are likely to be
severely affected
by flooding over the next 30 years. This represents 6% of all properties in South Main. Flood risk is increasing slower than the national average.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
South Main has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Main is most at risk from hurricanes. 1,497 properties in South Main 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 65 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 73 mph.