Memphis Housing Market Report May 2025•Saint Clair County, Michigan

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Housing Prices in Memphis, MI

How much do homes in Memphis, MI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$324,900$187/SqFt
+$25,900
+8.7%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Memphis has increased by 8.7% since last year.

Summary: The median home list price in Memphis was $324,900 in May 2025, up 8.7% from the previous year, and the median price per square foot was $187.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Riley Township
+39.8%
Memphis
+8.7%
Memphis
+4.2%
Richmond Township
-3.8%
Emmett
-10.9%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1--
N/A
2$299K-
N/A
3$294.9K$319.9K
+8.5%
4$412.4K$462K
+12.0%
5--
N/A

Summary: Memphis housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +8.5%. The home price for 4 bedroom homes increased by +12.0%. The home price for 5 bedroom homes did not change.

How does Memphis, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Memphis, MI

Housing supply in Memphis, MI

How many homes are available in Memphis, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
7Last MonthMay 2025
42 months agoApr 2025
+75.0 %
Change MoMApr – May

Summary: The Memphis real estate market had 7 homes for sale in May 2025, a 75.0 % increase compared to Apr 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
200
0.0%
325
+150.0%
422
0.0%
500
0.0%

Summary: Memphis housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +150.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Memphis, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Memphis, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Memphis in May 2025, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Memphis, MI

How long does it take to sell a home in Memphis, MI?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Memphis are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 1 homes were sold in Memphis; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
37 DaysThis YearMay 2025
85 Days1 year agoMay 2024
-56.2 %
Change YoYMay 2024 – May 2025

Summary: Homes in Memphis had an average listing age of 37 days in May 2025, down by 56.2% compared to the previous year.

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Newest Listings in Memphis, MI

What homes are available in Memphis, MI?

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Nearby markets

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Based on information from MiRealSource Inc. DL, RealComp II Ltd., and Michigan Regional Information Center LLC for the period 06/01/2023 - 06/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 6:45:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 6:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 6:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.