$229,901
4 Beds
•2 Full Baths
Listing Office: 901, REALTORS
November 2024
Report Updated 5 Days Ago
Is Memphis, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Memphis was a Seller's Market.
How much do homes in Memphis, TN cost?
$183,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
# BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $94.5K | -53.9% |
2 Bedrooms | $115K | $133K | +15.7% |
3 Bedrooms | $167.2K | $176K | +5.2% |
4 Bedrooms | $299K | $255K | -14.7% |
5+ Bedrooms | $339K | $330K | -2.7% |
Summary: Memphis housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 53.9%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 2.7%.
Lakeland | $370K | $456K | +23.2% |
Cordova | $290K | $305K | +5.2% |
Germantown | $483K | $492.5K | +2.0% |
Memphis | $190.2K | $183K | -3.8% |
Bartlett | $333K | $320K | -3.9% |
How many homes are available in Memphis, TN?
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
2,628 | 2,806 | +6.8% |
Summary: The Memphis real estate market had 2,806 homes for sale in November 2024, a 6.8% increase compared to October 2024.
# BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 50 | 51 | +2.0% |
2 Bedrooms | 447 | 489 | +9.4% |
3 Bedrooms | 1,356 | 1,452 | +7.1% |
4 Bedrooms | 593 | 621 | +4.7% |
5+ Bedrooms | 182 | 193 | +6.0% |
Summary: The Memphis housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 6%.
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
474 | 362 | -23.6% |
218 Homes Were Sold
Under Asking
98 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 362 homes were sold or pending in Memphis in November 2024, down by 23.6% month-over-month. Of the 361 sold homes, 60% were sold under asking, 27% were sold at asking, and 12% were sold over asking.
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Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 5 Days Ago
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MLS Disclaimers and Copyright
Based on information from Memphis MLS, RealTracs Middle Tennessee Regional MLS, Houston REALTORS® Information Service, MLS United, and East Tennessee REALTORS® MLS for the period 10/01/2024 - 12/01/2024
Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/6/2024, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
© 2024 of the REALTRACS MLS. All rights Reserved.
The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/6/2024, 8:18:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.
Copyright© 2024 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 12/6/2024, 8:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is deemed to be reliable but not guaranteed. Copyright 2024, MLS United, LLC.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/6/2024, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/6/2024, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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