Why Live in Memphis
Memphis, a serene suburban neighborhood just north of Palmetto, Florida, offers a peaceful residential setting with easy access to the Gulf of Mexico and Terra Ceia Bay. This area maintains a small-town feel amidst nearby rapid development, with active civic associations and a community where neighbors look out for each other. The neighborhood features diverse home styles, including manufactured homes, colorful ranches, and Spanish revival-style houses, many with waterfront views. Residents enjoy proximity to nature, with parks like Emerson Point Preserve and Blackstone Park providing opportunities for outdoor activities such as fishing, boating, and hiking. The Manatee County School District serves the area, with schools like Palm View K-8 and Palmetto High offering quality education. Local dining options include Tacos La Pasadita, Peggy's Corral, and the Sea Hut Restaurant, while nearby Palmetto provides grocery stores like Aldi and Detwiler’s Farm Market. Memphis is conveniently located near major highways, offering quick access to St. Petersburg, Sarasota, and Tampa, with the nearest hospital, HCA Florida Blake Hospital, just 10 minutes away in Bradenton.
Home Trends in Memphis, FL
On average, homes in Memphis, Palmetto sell after 79 days on the market compared to the national average of 51 days. The median sale price for homes in Memphis, Palmetto over the last 12 months is $265,000, down 18% from the median home sale price over the previous 12 months.
Median Sale Price
$265,000
Median Single Family Sale Price
$313,750
Average Price Per Sq Ft
$243
Number of Homes for Sale
31
Last 12 months Home Sales
73
Median List Price
$317,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-18%