Memphis, NY Foreclosures
How much do homes sell for in Memphis, NY?
The average home price is currently $281,768.
In Memphis, NY, how many homes are available?
There are currently 2 active home listings available in Memphis.
What’s the average rental cost in Memphis, NY?
The average rental price in Memphis is $1,438.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $998,391.
What is currently the cheapest priced home in Memphis, NY?
The cheapest home for sale in Memphis is priced at $27,999.
Living in Memphis, NY
Memphis, a charming suburb of Syracuse, NY, is known for its family-friendly atmosphere and convenient access to city amenities. This community boasts a rich park system and is nestled along the scenic banks of the Seneca River. With excellent schools and various outdoor activities, Memphis is an ideal place for families and professionals alike.
Current Market Conditions in Memphis, NY
The Memphis real estate market has seen steady growth over the past year, with an increasing number of families and young professionals seeking housing in the area due to its proximity to Syracuse and appealing suburban lifestyle. Demand for homes has surged, leading to a competitive market.
Currently, the area boasts a balanced market, where buyers and sellers have equal opportunities, but competition for desirable homes remains high. The inventory is limited, especially for single-family homes, resulting in quicker sales and multiple offers on well-priced listings.
Home Value Estimator For Memphis, NY
There are currently 765 real estate properties
in Memphis, NY,
with a median automated valuation model (AVM) price
of $255,941.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Memphis, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Memphis, NY,
is $281,768.00, with the most expensive house
in Memphis, NY, topping out
at $998,391.00 and the cheapest home
in Memphis, NY,
clocking in at $27,999.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Memphis, NY!
Rent Prices
In Memphis, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Memphis, NY, is on
a rollercoaster ride. The
average rent price in Memphis, NY,
is $1,438.00. Indeed, when looking to rent in
Memphis, NY, you can expect to pay as little
as $720.00 or as much
as $2,500.00,
with the average rent median estimated to
be $1,400.00. The good news is that finding
an affordable and desirable property to rent in Memphis, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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