Why Live in Memphis
Memphis is a quaint neighborhood known for its small-town atmosphere and stable community. Located along Highway 19, it provides easy access to Interstate 94 for a straightforward drive to Detroit. The neighborhood features a mix of home styles, including bungalows, ranch-style homes with detached garages, charming colonials, and colorful Victorians. Most homes are situated downtown, offering closer proximity to neighbors, while those on the outskirts enjoy larger lots. Homes typically feature between 1,000 to 2,000 square feet, with at least three bedrooms and one bathroom. Memphis boasts several parks, such as Old School Park with its playground and picnic tables, Ed Musial Memorial Park along Belle River, and Memphis Lion Park, which is ideal for family activities and winter sledding. Main Street is the hub for local shops and unique dining options like Great Lakes Café, Doghouse Tavern, and Arctic Queen. For groceries, residents travel about eight miles to Richmond. The neighborhood is quieter at night, with limited nightlife options. Memphis Community Schools serve the area, offering education from kindergarten through high school with a student-to-teacher ratio of 17 to 1. The annual Memphis Days Festival in August is a highlight, featuring events like the Duck Dash 5K, a neighborhood parade, fireworks, and a dog show. The Memphis Public Library downtown hosts weekly educational and fun events for all ages, adding to the neighborhood's charm.
Home Trends in Memphis, MI
On average, homes in Memphis, MI sell after 22 days on the market compared to the national average of 50 days. The median sale price for homes in Memphis, MI over the last 12 months is $212,249, down 26% from the median home sale price over the previous 12 months.
Median Sale Price
$212,249
Median Single Family Sale Price
$318,500
Average Price Per Sq Ft
$194
Last 12 months Home Sales
12
Median List Price
$212,499
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
-26%
