Is Memphis, MI 48041 a buyer’s or seller’s market?
Memphis is a seller’s market. With about 1.3 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.3Under 4 months = seller’s market
Sold above original list40%Share of sales, last 3 months
Median sale-to-list99.6%Sold price ÷ list price
Median days on market20Listing to accepted offer
Median price per sq ft$188▲ +6.5% vs. last year
Run the numbers for 48041
Nearby markets
Algonac 48001Seller’s market $207 /sq ftAllenton 48002Seller’s market $214 /sq ftAvoca 48006Seller’s market $169 /sq ftCapac 48014Seller’s market $180 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology