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MEMPHIS, IN 47143

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The MEMPHIS, IN real estate market (47143) currently shows 51 active listings, with 14 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 54 days on market compared to 76 days last year.

The median listing price has risen 19.1% year-over-year, from $305,280 to $363,725.

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Market Context

Market Context

Population: 3,612  ·  Density: 66.8/mi²  ·  Median household income: $114,006

Typical home value: $241,315  ·  Homeownership: 91.0%

Market Overview

Active Listings
51
⇧ 13.3% vs 45 last year
Pending
14
27% pending ratio
Median Price
$363,725
⇧ 19.1% vs $305,280 last year
Average Price
$387,398
⇧ 11.8% vs $346,427 last year
Days on Market
54
⇩ 28.9% vs 76 days last year

Price Per Square Foot

Median $/sqft
$199
⇩ 1% vs $201/sqft last year
Median Home Size
1,829 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 51 this year vs 45 last year
  • Days on market: 54 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $363,725 (+19.1% YoY)
  • Average: $387,398 (+11.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.6 miles — 896 listings ($422,498,465 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47143Memphis, IN 471430.0 mi41$13,387,443$312,400$326,523
47126Henryville, IN 471265.6 mi39$16,260,543$392,425$416,937
47163Otisco, IN 471637.1 mi4$1,493,092$369,000$373,273
47177Underwood, IN 471779.0 mi4$940,932$226,900$235,233
47130Jeffersonville, IN 4713010.1 mi290$98,621,750$298,925$340,075
47129Clarksville, IN 4712910.7 mi58$14,511,252$236,700$250,194
40059Prospect, KY 4005912.8 mi127$160,810,575$935,500$1,266,225
40025Glenview, KY 4002513.3 mi1$4,795,000$4,795,000$4,795,000
40212Louisville, KY 4021214.0 mi111$24,540,546$146,250$221,086
40202Louisville, KY 4020215.0 mi17$9,449,909$437,000$555,877
40203Louisville, KY 4020315.3 mi67$15,578,036$188,000$232,508
40207Louisville, KY 4020715.6 mi87$50,090,337$457,500$575,751
47170Scottsburg, IN 4717015.6 mi50$12,019,050$224,925$240,381

Frequently Asked Questions

How many homes are for sale in MEMPHIS, IN 47143?

As of September 2026, there are 51 active listings in MEMPHIS, IN (zip code 47143), compared to 45 the prior year.

What is the median home price in MEMPHIS, IN 47143?

The median listing price in MEMPHIS, IN 47143 is $363,725 as of September 2026, a 19.1% increase from $305,280 the prior year.

How long do homes stay on the market in MEMPHIS, IN?

Homes in MEMPHIS, IN 47143 spend an average of 54 days on the market before going under contract, compared to 76 days the prior year.

Is it a seller's or buyer's market in MEMPHIS, IN 47143?

Based on current inventory and days-on-market data as of September 2026, MEMPHIS, IN 47143 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 54 days on market compared to 76 days last year.

How much can I save on real estate commission in MEMPHIS, IN?

With SELL123.com's maximum 3% commission, sellers in MEMPHIS, IN 47143 save an estimated $7,275 compared to a typical 5% commission on the median listing price of $363,725. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.