16 homes sold in Memphis in the last year, at a typical $243K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Memphis homes are listed.
Every place Memphis homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Memphis.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Memphis’ sales, at a typical $243K
16 homes sold in the year to May 2026.
typical sale · 16 sold in 12 months
- Per square foot
- $183MI $172
- Days to sell
- 23
- Sold over asking
- 63%
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Memphis
Check a listing against what Memphis homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Owning the typical Memphis home costs about $1,569 a month
Price: Memphis’ typical sale, last 12 months. Property tax at Memphis’ 1.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Memphis is affordable on local pay is on Cost of living.
Five things worth knowing
Property tax, a year
Of a home’s value: the median bill over the median home value. On a $243K home, about $3,610 a year.
Taxes vs. neighborsSchools
The schools grade for Memphis, from test results, graduation and how much students grow.
Schools in MemphisCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Memphis, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Memphis. People who follow the town see it, and so do people comparing Memphis with their own town. No commission, no listing fee.
Questions about buying a home in Memphis
What do homes sell for in Memphis, MI?
16 homes sold in the year to May 2026 at a typical $243K, $183 a square foot.
Is Memphis a buyer’s or seller’s market?
A seller’s market: 2 homes were for sale in May 2026 and 4 sold, about 0.5 months of supply. Buyers paid 100.5% of asking on average, and 50% of listings cut their price.
How much are property taxes in Memphis?
About 1.5% of a home’s value a year. On a $243K home that’s near $3,610.
Where can I see homes for sale in Memphis?
Zillow, Redfin, Realtor.com and Homes.com all carry Memphis’ MLS listings; the search links above open each one filtered to Memphis.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).