Memphis, MI Foreclosures
How much do homes sell for in Memphis, MI?
The average home price is currently $237,662.
In Memphis, MI, how many homes are available?
There are currently 6 active home listings available in Memphis.
What’s the average rental cost in Memphis, MI?
The average rental price in Memphis is $1,202.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $1,755,900.
What is currently the cheapest priced home in Memphis, MI?
The cheapest home for sale in Memphis is priced at $52,916.
Living in Memphis, MI
Memphis, MI is a charming small town with a strong sense of community and convenient access to outdoor recreation. Known for its friendly atmosphere, Memphis offers family-oriented schools and local amenities, making it an ideal place to settle down. The town features parks, lakes, and a slower pace of life, perfect for those seeking tranquility.
Current Market Conditions in Memphis, MI
The current real estate market in Memphis, MI is showing signs of steadiness with a modest increase in home values over the past few months. The demand for homes remains high due to the appealing lifestyle this small town offers, attracting both first-time buyers and families looking for a peaceful environment. With a mix of old and new homes, buyers have a range of choices.
There has been a noticeable increase in interest from families, leading to a competitive market where houses, particularly well-maintained family homes, are being sold quickly. The number of home listings remains limited, which translates to a seller's market. Additionally, investment opportunities in rental properties are also appealing as the town grows.
Home Value Estimator For Memphis, MI
There are currently 429 real estate properties
in Memphis, MI,
with a median automated valuation model (AVM) price
of $206,814.00. 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, MI, 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, MI,
is $237,662.00, with the most expensive house
in Memphis, MI, topping out
at $1,755,900.00 and the cheapest home
in Memphis, MI,
clocking in at $52,916.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Memphis, MI!
Rent Prices
In Memphis, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Memphis, MI, is on
a rollercoaster ride. The
average rent price in Memphis, MI,
is $1,202.00. Indeed, when looking to rent in
Memphis, MI, you can expect to pay as little
as $710.00 or as much
as $2,330.00,
with the average rent median estimated to
be $1,160.00. The good news is that finding
an affordable and desirable property to rent in Memphis, MI
-- 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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