Housing Prices in Memphis, NY
How much do homes in Memphis, NY cost?
Median List Price
$179,900
$139/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Memphis has decreased by 5.3% since last year.
Summary: The median home list price in Memphis was $179,900 in May 2024, down 5.3% from the previous year, and the median price per square foot was $139.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179.5K | $219.9K | +22.5% |
| 3 Bedrooms | $163.4K | $172.4K | +5.5% |
| 4 Bedrooms | $369.9K | $179.9K | -51.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Memphis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 51.4%, and 5+ bedroom homes did not change.
Housing Supply in Memphis, NY
How many homes are available in Memphis, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Memphis real estate market had 2 homes for sale in May 2024, a 33.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Memphis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Days on Market for Memphis, NY
How long does it take to sell a home in Memphis, NY?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 87 Days | 75 Days | -14.0% |
Summary: Homes in Memphis had an average listing age of 75 days in May 2024, down by 14% compared to the previous year.
