Is Memphis, IN 47143 a buyer’s or seller’s market?

The Memphis housing market right now

In the three months ending August 31, 2026, 13% of homes in Memphis, IN 47143 sold above their list price, the typical home went under contract in 77 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 39 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold more slowly (56 days then) and the median sale price fell 2% to $299,815. Overall, Memphis is less competitive than a year ago, which gives buyers more room.

Within Clark County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Memphis ranks #251 of 306 IN ZIP codes with enough sales (score 35 out of 100).

Nearby, buyers who want less competition could look at Otisco 47163 (0% sold over asking) or New Washington 47162 (0% sold over asking), while Charlestown 47111 (21% sold over asking) and Sellersburg 47172 (18% sold over asking) are even more competitive.