New Memphis, IL Home Values & Market Trends

Real estate market trends reflect that there have been 4 transactions over the past year in New Memphis. The median value for residential home transactions that occurred over the previous year is $148,888. The number of current listings in New Memphis is 0, and the percentage of properties for sale in the city is 0.00%. New Memphis, IL currently has 3 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 0 properties for sale.

New Memphis, IL Real Estate Market Overview

ZipMedian Est. Value
62266

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Housing Market Summary for New Memphis, IL

Mar 2023February 2024Change
Median Listing Price$0$39,677-
Median Sold Price$121.1K$39,677-67.23%
Homes For Sale00-
Homes Sold21-50.00%
Price
$/Sqft
Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in New Memphis, IL

New Memphis home values range from $21,986 to $264,634. The median estimated value of a home in New Memphis is $148,888. The median list price of a home is 0, and the total count of properties in the city is 90.

Foreclosure
There is 1 zips within New Memphis, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $97,112 in 62266 to the lowest value of $97,112 in 62266. Foreclosure homes account for 3.00% of properties in New Memphis, IL with 62266 containing 3 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 3.33% of all residential properties in New Memphis, IL with 62266 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within New Memphis, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $97,112 in 62266 to the lowest home value of $97,112 in 62266.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in New Memphis, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in New Memphis, IL. There is 1 zips within New Memphis, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of New Memphis, IL. Auction homes and other auction properties account for 0% of all properties in New Memphis, IL. There is 1 zips within New Memphis, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.00% of residential properties in New Memphis, IL with 62266 containing 0 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within New Memphis, IL; homes for sale in that zips, have a range of median values from $0 in 62266 to the lowest value of $0 in 62266.
    Sold Homes
    The median value for recently sold homes ranges from $120,292 in 62266 to the lowest price of $39,770 in 62266. There is 1 zips within New Memphis, IL. 62266 has 2 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.22% of properties in New Memphis, IL.

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      Guide for New Memphis, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
      Home Buying Guides & Tips|posted 20 March 2024

      What can you do when you want to buy a house when you’re strapped for cash?

      Recently Listed Homes New Memphis, IL

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