Memphis, MO Foreclosures
Current Market Conditions in in Memphis, MO As of April 2026?
Over the past month, the housing market in Memphis has seen some shifts. Inventory levels have slightly decreased, leading to more competitive bidding situations in desirable neighborhoods. However, prices have remained stable due to the overall affordability of housing in the area, encouraging buyers to explore options instead of entering bidding wars.
How much do homes sell for in Memphis, MO?
The average home price is currently $107,054.
In Memphis, MO, how many homes are available?
There are currently 1 active home listings available in Memphis.
What’s the average rental cost in Memphis, MO?
The average rental price in Memphis is $828.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $486,315.
What is currently the cheapest priced home in Memphis, MO?
The cheapest home for sale in Memphis is priced at $33,000.
Living in Memphis, MO
Memphis, MO, is a quaint town known for its tight-knit community and peaceful rural lifestyle. It features a range of local amenities and outdoor activities, making it a perfect place for families and individuals seeking a slower pace of life. With its beautiful parks and nearby recreational areas, Memphis offers both comfort and connection to nature.
Buyer vs Seller Market in Memphis, MO
The real estate market in Memphis, MO remains stable, with a moderate appreciation in home values. As interest rates fluctuate, buyers are taking a more cautious approach, but overall demand continues to grow due to the affordability of homes compared to surrounding areas.
In the past year, the local market has seen an increase in families moving to Memphis for its community-oriented environment and quality of life. New developments and renovations have also contributed to a steady influx of home buyers, which has led to a rise in property values.
Home Value Estimator For Memphis, MO
There are currently 597 real estate properties
in Memphis, MO,
with a median automated valuation model (AVM) price
of $86,811.00. 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, MO, 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, MO,
is $107,054.00, with the most expensive house
in Memphis, MO, topping out
at $486,315.00 and the cheapest home
in Memphis, MO,
clocking in at $33,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Memphis, MO!
Rent Prices
In Memphis, MO
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Memphis, MO, is on
a rollercoaster ride. The
average rent price in Memphis, MO,
is $828.00. Indeed, when looking to rent in
Memphis, MO, you can expect to pay as little
as $660.00 or as much
as $1,570.00,
with the average rent median estimated to
be $800.00. The good news is that finding
an affordable and desirable property to rent in Memphis, MO
-- 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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