Memphis, NY Foreclosures
Current Market Conditions in in Memphis, NY As of February 2026?
Over the past month, Memphis has seen a slight uptick in home sales as potential buyers responded to a favorable interest rate environment. New listings have emerged, giving buyers more options in the competitive market. However, prices remain steady, indicating a healthy balance between supply and demand. Agents report an increase in showings as buyers are eager to secure homes before the winter months.
How much do homes sell for in Memphis, NY?
The average home price is currently $281,179.
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 $2,154,435.
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 charming suburb known for its friendly community, excellent schools, and beautiful parks. The area offers a tranquil lifestyle with convenient access to nearby cities. Residents enjoy various recreational activities and a strong sense of belonging.
Buyer vs Seller Market in Memphis, NY
The current real estate market in Memphis, NY, indicates a steady demand for homes, with prices gradually increasing over the past year. The area is appealing to first-time buyers and families, resulting in a competitive market for available listings. Many properties are selling quickly, reflecting the desirability of the neighborhood.
Recent trends show that home values in Memphis have appreciated, making it an attractive option for real estate investment. The community's amenities, including parks, schools, and convenience to larger cities, contribute to its appeal, leading to a consistent influx of new residents.
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 $253,548.00. 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 $281,179.00, with the most expensive house
in Memphis, NY, topping out
at $2,154,435.00 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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