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Foreclosure Homes in Memphis, IN 47143

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Memphis, IN Foreclosures

Current Market Conditions in in Memphis, IN As of April 2026?
Over the past month, the Memphis real estate market has continued to show signs of growth, with home prices stabilizing after a brief increase in the summer months. Demand remains high, and the low inventory coupled with consistent buyer interest suggests that prices may rise further in the upcoming months if this trend continues. Homebuyers are encouraged to act quickly as properties are being snapped up faster than in previous months.
How much do homes sell for in Memphis, IN?
The average home price is currently $317,596.
In Memphis, IN, how many homes are available?
There are currently 13 active home listings available in Memphis.
What’s the average rental cost in Memphis, IN?
The average rental price in Memphis is $1,280.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $1,388,624.
What is currently the cheapest priced home in Memphis, IN?
The cheapest home for sale in Memphis is priced at $11,406.

Living in Memphis, IN

Memphis, Indiana is a charming suburban community that boasts a friendly atmosphere and a close-knit community feel. Residents enjoy a variety of local amenities, access to outdoor activities, and convenient transportation options to nearby urban centers. Memphis is an excellent choice for those looking to escape the hustle and bustle of larger cities while still being within reach of urban conveniences.

Buyer vs Seller Market in Memphis, IN

The real estate market in Memphis, IN is currently experiencing a steady increase in demand, with many buyers looking for affordable housing options in the suburbs of Indianapolis. Recent trends show a rise in home values as more families seek the benefits of a quieter lifestyle away from city living.

Inventory levels remain relatively low, creating a competitive market for buyers. However, the affordability of homes in Memphis compared to surrounding areas makes it an attractive option for first-time homebuyers and those looking to downsize.

Home Value Estimator For Memphis, IN

There are currently 1,808 real estate properties in Memphis, IN, with a median automated valuation model (AVM) price of $288,962.00. 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, IN, 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, IN, is $317,596.00, with the most expensive house in Memphis, IN, topping out at $1,388,624.00 and the cheapest home in Memphis, IN, clocking in at $11,406.00. In other words, there’s something for every potential homebuyer or savvy investor in Memphis, IN!

Rent Prices In Memphis, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Memphis, IN, is on a rollercoaster ride. The average rent price in Memphis, IN, is $1,280.00. Indeed, when looking to rent in Memphis, IN, you can expect to pay as little as $650.00 or as much as $2,280.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Memphis, IN -- 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.

Memphis, IN 47143 Foreclosures

Market Trend for Memphis, IN

Total Listings Available: 13

Market Values:

Home Prices from $11,406 to $1,388,624

Average Sales Price: $317,596

Rental Values:

Rental from $650 to $2,280

Average Rent Value: $1,280 / month

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