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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

Get property data for any address in Memphis, MI or the country:

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 Real Estate Market Overview

Last 30 days

Street
Street
Street

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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