Memphis, NY Foreclosures
How much do homes sell for in Memphis, NY?
The average home price is currently $281,079.
In Memphis, NY, how many homes are available?
There are currently 3 active home listings available in Memphis.
What’s the average rental cost in Memphis, NY?
The average rental price in Memphis is $1,438.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $2,173,102.
What is currently the cheapest priced home in Memphis, NY?
The cheapest home for sale in Memphis is priced at $13,585.
Living in Memphis, NY
Memphis, NY is a peaceful suburban area just outside Syracuse, offering a family-friendly environment with excellent schools and recreational facilities. Residents benefit from a strong sense of community and access to nearby urban amenities, making Memphis an ideal location for families and individuals looking for a suburban lifestyle.
Current Market Conditions in Memphis, NY
The current real estate market in Memphis, NY, is showing a steady increase in home prices as demand grows. The area has become increasingly attractive due to its suburban environment, quality schools, and proximity to Syracuse. This trend reflects the broader shift many families are making toward suburban living in search of affordability, space, and safety. While the market remains competitive, it provides opportunities for both buyers and sellers alike as inventory remains relatively low compared to demand.
As more people seek homes in peaceful settings where they can also enjoy the conveniences of a city, Memphis is witnessing increased interest in its real estate listings. The area appeals to diverse demographics, including first-time homebuyers and retirees, which has positively influenced pricing and available properties.
Home Value Estimator For Memphis, NY
There are currently 915 real estate properties
in Memphis, NY,
with a median automated valuation model (AVM) price
of $256,927.00. 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, NY, 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, NY,
is $281,079.00, with the most expensive house
in Memphis, NY, topping out
at $2,173,102.00 and the cheapest home
in Memphis, NY,
clocking in at $13,585.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Memphis, NY!
Rent Prices
In Memphis, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Memphis, NY, is on
a rollercoaster ride. The
average rent price in Memphis, NY,
is $1,438.00. Indeed, when looking to rent in
Memphis, NY, you can expect to pay as little
as $720.00 or as much
as $2,500.00,
with the average rent median estimated to
be $1,400.00. The good news is that finding
an affordable and desirable property to rent in Memphis, NY
-- 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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