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Short Sale Listings in Memphis, IN

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Living in Memphis, IN

Memphis, Indiana is a charming small town located within Shelby County. Known for its close-knit community and friendly atmosphere, it offers residents a peaceful living environment while still being conveniently located near larger urban centers. The town features local amenities, parks, and a strong sense of local pride, making it ideal for families and individuals looking for a slower pace of life.

Current Market Conditions in Memphis, IN

The Memphis real estate market is currently stable, with a mix of homeowners and renters. Buyers are actively seeking homes, particularly in family-friendly neighborhoods that have a strong community feel. The average home price has remained consistent over the past several months, which represents a favorable market for both first-time buyers and investors.

In recent years, Memphis has seen a gradual increase in property values as more people recognize the appeal of small-town living near urban conveniences. The steady demand for homes, combined with limited inventory, suggests continued price stability in the near term.

Home Value Estimator For Memphis, IN

There are currently 1,401 real estate properties in Memphis, IN, with a median automated valuation model (AVM) price of $281,769.00. 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 $305,677.00, with the most expensive house in Memphis, IN, topping out at $1,530,757.00 and the cheapest home in Memphis, IN, clocking in at $27,550.00. 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 $1,281.00. 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 Short Sale Listings


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