Is Southeast Memphis, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Southeast Memphis was a Neutral Market.
Housing Prices in Southeast Memphis, TN
How much do homes in Southeast Memphis, TN cost?
Median Sold Price
$155,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $35K | N/A |
2 Bedrooms | $53.8K | $56.5K | +5.0% |
3 Bedrooms | $113.5K | $155K | +36.6% |
4 Bedrooms | $205K | $175K | -14.6% |
5+ Bedrooms | - | $270K | N/A |
Summary: Southeast Memphis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 36.6%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes did not change.
Housing Supply in Southeast Memphis, TN
How many homes are available in Southeast Memphis, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 49 | -2.0% |
Summary: The Southeast Memphis real estate market had 49 homes for sale in April 2024, a 2.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 25 | 24 | -4.0% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Southeast Memphis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 9 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Southeast Memphis in April 2024, down by 40.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Southeast Memphis, TN
We’re sorry, we don't have information for this market at the moment