Located in the southwestern corner of Tennessee, Memphis is the second largest metropolitan area in the state with the largest population. Considered one of the most prominent cities in the southeastern United States, Memphis provides many opportunities, both professionally and recreationally. Because of this, Memphis real estate value has increased 9.2% over the last year. Two of the most popular neighborhoods in Memphis are Midtown and Jackson.
Vintage infrastructure or high-rise condominium units characterize most Memphis homes in Midtown. Memphis homes for sale in the subdivision are within close proximity to many commercial centers, churches, and schools. One of the largest draws in Midtown is the Mid-South Fair, which has been hosted in Memphis for 152 years.
Memphis real estate in the Jackson neighborhood comprises approximately 13,000 households. Other prominent neighborhoods for Memphis homes are High Point Terrace, Walnut Grove, Berclair, and the University District. Despite its large size, Memphis is still home to southern hospitality. Many families have enjoyed living in Memphis, Tennessee for years because of an overwhelming sense of community.
Memphis – Tennessee
Located in the most densely populated city in Tennessee, Memphis real estate has offerings for everyone. The average price per square foot is $71. Median sales for Memphis homes increased to $86,000 – a growth of 10.3 percent! While the average listing price in Memphis real estate is $171,000, listing prices in the Midtown and Jackson neighborhoods are within the range of $219,000. Single-family Memphis homes average 86 days on the market before being sold.
Considering all the information concerning Memphis homes for sale can be a daunting task. From the numerous neighborhoods to the cost and much more, there are many things to take into account. Fortunately, John Green & Company Realtors have had 30 years of experience working throughout the greater Memphis region. Whether you’re looking to sell or purchase a Memphis home, John Green & Company Realtors can help you navigate through all the options for your best solution. Don’t waste time on realtors without the experience and expertise of Memphis homes for sale. Be sure to contact John Green & Company realtors today!
Average List Price: $193,450
Average Days on Market: 139
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