Memphis, MI Real Estate & Property Data

Memphis Real Estate Market Trends
Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into Memphis, MI 48041. ATTOM’s Memphis real estate data is updated daily, and current market trends show that in Memphis, MI a total of 51 residential properties have sold over the past year. With a median home price of $232,500 in Memphis. Get detailed property data for Memphis, MI instantly. ATTOM is your one-stop-shop for the Memphis property reports and real estate data you need in Memphis, MI.

Memphis Real Estate Market Trends
Total Residential Properties 1,613
Total Commercial Properties 207
Avg. Home Age (Single Family Home) 46 Years
Avg. Square Feet (Single Family Home) 1,715
Total 2025 Residential Sales (year-to-date) 7
% of Homes Seriously Underwater (Q2 2025) 1.49%
Total 2024 Residential Sales 44
% of Equity Rich Homes (Q2 2025) 40.86%
Effective 2024 Property Tax 0.89%
Total Foreclosure Filings (year-to-date) N/A
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Memphis, MI 48041 Real Estate Overview

There were 51 residential properties sold in the past year in Memphis, MI 48041. The median home value in Memphis, MI 48041 is $317,545. There are a total of 1,613 residential properties in the 48041.

Median Sales Price i
$232,500
(Feb 2025)
-32.6%
year-over-year
y-o-y
  • February '25 Feb '25 $232,500
  • January '25 Jan '25 $392,500
  • December '24 Dec '24 $325,000
  • November '24 Nov '24 $216,875
  • October '24 Oct '24 $295,000
  • September '24 Sep '24 $260,000
  • August '24 Aug '24 $334,450
  • July '24 Jul '24 $143,500
  • June '24 Jun '24 $360,000
  • May '24 May '24 $352,500
  • April '24 Apr '24 $342,500
  • March '24 Mar '24 $127,500
Median Down Payment i
$31,000
(Feb 2025)
-60.2%
year-over-year
y-o-y
  • February '25 Feb '25 $31,000
  • January '25 Jan '25 $77,091
  • December '24 Dec '24 $8,332
  • November '24 Nov '24 $16,560
  • October '24 Oct '24 $45,000
  • September '24 Sep '24 $9,100
  • August '24 Aug '24 $58,422
  • July '24 Jul '24 $14,500
  • June '24 Jun '24 $24,735
  • May '24 May '24 $52,515
  • April '24 Apr '24 $20,250
  • March '24 Mar '24 $25,500
Number of Homes Sold i
5
(Feb 2025)
+150%
year-over-year
y-o-y
  • February '25 Feb '25 5
  • January '25 Jan '25 2
  • December '24 Dec '24 2
  • November '24 Nov '24 5
  • October '24 Oct '24 4
  • September '24 Sep '24 6
  • August '24 Aug '24 2
  • July '24 Jul '24 4
  • June '24 Jun '24 6
  • May '24 May '24 2
  • April '24 Apr '24 7
  • March '24 Mar '24 4
Number of Purchase Loans i
3
(Feb 2025)
+50%
year-over-year
y-o-y
  • February '25 Feb '25 3
  • January '25 Jan '25 3
  • December '24 Dec '24 2
  • November '24 Nov '24 6
  • October '24 Oct '24 3
  • September '24 Sep '24 6
  • August '24 Aug '24 3
  • July '24 Jul '24 6
  • June '24 Jun '24 4
  • May '24 May '24 2
  • April '24 Apr '24 6
  • March '24 Mar '24 3
Number of REFI Loans i
5
(Feb 2025)
+25%
year-over-year
y-o-y
  • February '25 Feb '25 5
  • January '25 Jan '25 10
  • December '24 Dec '24 2
  • November '24 Nov '24 4
  • October '24 Oct '24 7
  • September '24 Sep '24 7
  • August '24 Aug '24 5
  • July '24 Jul '24 N/A
  • June '24 Jun '24 2
  • May '24 May '24 5
  • April '24 Apr '24 6
  • March '24 Mar '24 5
Number of HELOC Loans i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 2
  • November '24 Nov '24 N/A
  • October '24 Oct '24 2
  • September '24 Sep '24 1
  • August '24 Aug '24 1
  • July '24 Jul '24 6
  • June '24 Jun '24 4
  • May '24 May '24 1
  • April '24 Apr '24 3
  • March '24 Mar '24 6

Memphis, MI 48041 Foreclosure Activity

Total Foreclosure Filings i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 1
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 1
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
Foreclosure Starts i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 1
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 1
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
Completed Foreclosures (REOs) i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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