Frequently Asked Questions

Are house prices dropping in Memphis?

The house prices in Memphis are indeed dropping at the moment. There has been a decrease in price of $239,990.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Memphis at this time?

The housing market and house prices in Memphis are going down. The average house price is $299,900.00 and the average price per square feet is $142.58 per square foot. At the moment, there are 25 homes listed - 17 active, 3 pending, and 5 sold in Memphis.

What is the most popular place to buy a house in Memphis?

The most popular place to buy a home in Memphis is 13-Indiana. 13-Indiana has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Memphis?

The average amount of property taxes you would have to pay for a home in Memphis is $300.00. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Memphis being sold?

Properties in Memphis stay on the market for an average of 81 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Memphis?

The last home listed in Memphis was 3168 minutes ago.

Can you visit houses in Memphis?

Currently, there are 1 open houses available for viewing in Memphis.

What is the most expensive house in Memphis?

The cost of the most expensive home in Memphis is $624,900.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Memphis?

The cost of the cheapest home in Memphis is $269,990.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Memphis?

The oldest home in Memphis was built in 1937, and the newest in 2026.

How big are the homes in Memphis?

The average property size in Memphis is 2348.82 sq.ft., the largest being 4506 sq.ft., and the smallest being 1774 sq.ft.

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Active

$309,900

Name: Open House
Start: 2026-06-14T16:00:00.000Z
End: 2026-06-14T18:00:00.000Z
Location: 2004 Derby Way

$5,100 on 04/29/2026

3 Beds

3 Baths

1,818 Sq. Ft.

2004 Derby Way, Memphis, IN, 47143

Est. Payments: $0/mo

Residential

Built in 2024

98 days on Site

0.243 Lot Size

Central Air, Heat Pump

Heat Pump

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

Beautifully upgraded D.R. Horton Sienna plan in the peaceful community of Champions Run! This spacious two-story home offers 3 bedrooms, 2.5 baths, and a loft — perfect for comfortable living. The well-appointed kitchen features granite countertops, stainless steel appliances, upgraded fixtures, a large island, and a walk-in pantry. Enjoy...

Source: SIRA as distributed by MLS GRID, MLS ID: 202606914

Listing provided courtesy of Leslie Rodriguez 812-924-7024 with NextHome Wilson Real Estate

Last Updated: 6/14/2026 | 6:04 PM

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About the Neighborhood

Memphis offers a peaceful environment with predominantly single detached homes, many featuring three or more bedrooms. The neighborhood maintains a quiet atmosphere with generally tranquil streets, creating a relaxing space for residents. Convenient access to major highways like I-65 allows for smooth travel throughout the area. Dining options are available locally with a modest selection of restaurants. The housing stock is relatively modern, with most residences built after the year 2000, providing contemporary living spaces. Ample parking is typically accessible, making it easy to accommodate vehicles. Memphis presents a calm, residential area with good connectivity for everyday commuting.

Learn more about

Memphis Market Report

Avg. Days on Market

Avg. Price Per Sq. Ft.

147.42

Median List Price

$282,990

Homes Listed

Frequently Asked Questions

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

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Type	Dimensions	Level
Other	9 x 9	Second
Bedroom	10 x 12	Second
Bedroom	14 x 10	Second
PrimaryBedroom	12 x 16	Second
DiningRoom	10 x 14	First
Kitchen	10 x 14	First
LivingRoom	14 x 16	First