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MEMPHIS, MI 48041

Real Estate Market Report  ·  Saint Clair County
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The MEMPHIS, MI real estate market (48041) currently shows 7 active listings, with 4 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 46 days on market compared to 19 days last year.

The median listing price has risen 26.6% year-over-year, from $361,200 to $457,450.

Whether you are buying or selling in MEMPHIS, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 4,415  ·  Density: 42.6/mi²  ·  Median household income: $85,250

Typical home value: $267,583  ·  Homeownership: 88.7%

Market Overview

Active Listings
7
⇩ 36.4% vs 11 last year
Pending
4
57% pending ratio
Median Price
$457,450
⇧ 26.6% vs $361,200 last year
Average Price
$453,513
⇧ 21.3% vs $373,740 last year
Days on Market
46
⇧ 142.1% vs 19 days last year

Price Per Square Foot

Median $/sqft
$222
⇧ 31.4% vs $169/sqft last year
Median Home Size
2,289 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 11 last year
  • Days on market: 46 now vs 19 last year

Median & Average Pricing

Year over Year
  • Median: $457,450 (+26.6% YoY)
  • Average: $453,513 (+21.3% 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 17.4 miles — 297 listings ($146,891,342 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48041Memphis, MI 480410.0 mi6$2,839,200$486,500$473,200
48062Richmond, MI 480626.2 mi27$11,144,925$365,000$412,775
48002Allenton, MI 480026.2 mi6$3,740,760$359,900$623,460
48005Armada, MI 480058.6 mi15$7,353,450$462,450$490,230
48050New Haven, MI 4805010.6 mi6$2,937,150$518,675$489,525
48003Almont, MI 4800312.1 mi25$14,058,050$546,598$562,322
48097Yale, MI 4809713.0 mi21$6,706,497$284,225$319,357
48064Casco, MI 4806413.6 mi8$3,354,240$385,000$419,280
48096Ray, MI 4809613.6 mi9$8,628,561$774,625$958,729
48079Saint Clair, MI 4807914.1 mi51$21,004,044$377,400$411,844
48095Washington, MI 4809516.2 mi30$43,243,440$873,248$1,441,448
48032Jeddo, MI 4803217.0 mi5$1,379,665$209,900$275,933
48060Port Huron, MI 4806017.4 mi88$20,501,360$178,675$232,970

Frequently Asked Questions

How many homes are for sale in MEMPHIS, MI 48041?

As of June 2026, there are 7 active listings in MEMPHIS, MI (zip code 48041), compared to 11 the prior year.

What is the median home price in MEMPHIS, MI 48041?

The median listing price in MEMPHIS, MI 48041 is $457,450 as of June 2026, a 26.6% increase from $361,200 the prior year.

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

Homes in MEMPHIS, MI 48041 spend an average of 46 days on the market before going under contract, compared to 19 days the prior year.

Is it a seller's or buyer's market in MEMPHIS, MI 48041?

Based on current inventory and days-on-market data as of June 2026, MEMPHIS, MI 48041 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 46 days on market compared to 19 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MEMPHIS, MI 48041 save an estimated $9,149 compared to a typical 5% commission on the median listing price of $457,450. 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.