Memphis, MO Foreclosures
Current Market Conditions in in Memphis, MO As of February 2026?
Over the past month, the Memphis real estate market has witnessed a slight increase in home showings and inquiries, indicating a renewed interest among buyers. Homes that are priced competitively are selling quickly, reflecting the national trend of audiences seeking the charm and affordability of smaller towns. Additionally, there has been a notable rise in the average days on market, as sellers adjust their pricing strategies amidst changing buyer preferences in search of more space and comfort.
How much do homes sell for in Memphis, MO?
The average home price is currently $107,280.
In Memphis, MO, how many homes are available?
There are currently 2 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 $538,030.
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 charming small town that offers a friendly community atmosphere and access to outdoor activities. With a focus on family-friendly living and agricultural roots, residents enjoy a peaceful lifestyle while benefiting from local services and educational institutions. It’s a great place for those seeking a slower pace with the convenience of small-town amenities.
Buyer vs Seller Market in Memphis, MO
The real estate market in Memphis, MO is currently stable, with a mix of affordable homes and opportunities for investment. Demand remains steady, particularly among first-time homebuyers looking for budget-friendly options. Inventory levels are modest, which has kept prices from fluctuating dramatically in the past few months.
Recent trends show an uptick in investments in the area, as more people look to move from urban centers to smaller towns like Memphis. This has resulted in increased interest in available properties, although the low inventory still poses a challenge for prospective buyers looking to find their ideal home.
Home Value Estimator For Memphis, MO
There are currently 596 real estate properties
in Memphis, MO,
with a median automated valuation model (AVM) price
of $86,275.00. 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 $107,280.00, with the most expensive house
in Memphis, MO, topping out
at $538,030.00 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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