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Memphis, TN Real Estate

Discover 123 homes for sale in Memphis, TN with an average price of 233,629 dollars. Browse current listings, view market trends, and explore neighborhood insights.

Memphis Market Overview

123
Homes for Sale
$477,899.83
Average Home Price
$163
Price per Sq Ft
22
Avg Days on Market

Price Distribution

7
Under $110K
29% of homes
0
$110K - $119K
0% of homes
0
$119K - $120K
0% of homes
17
Over $120K
71% of homes

Memphis Market Insights

Key market indicators and trends

Price Analysis

Market has luxury properties driving up average prices

Avg: $233,629 | Median: $118,900

Market Speed

Moderate market pace with steady sales

67 days average

Pricing

Competitive pricing per square foot for the area

$113 per sq ft

Market Activity

Very active market with many new listings

43% new in 30 days

Inventory

Good selection of properties available

123 active listings

Property Types in Memphis

Residential

16

Avg: $508,912.25

Commercial Sale

2

Avg: $1,500,000.00

Residential Income

1

Avg: $275,000.00

Land

5

Avg: $10,400.00

Memphis Neighborhood Highlights

MARIA ST 1ST ADDN

Available Homes: 1
Avg Price: $309,901.00
Price Range: $309,901.00 - $309,901.00
View MARIA ST 1ST ADDN Homes

NORMANDY MEADOWS

Available Homes: 1
Avg Price: $300,000.00
Price Range: $300,000.00 - $300,000.00
View NORMANDY MEADOWS Homes

PARKWAY GARDENS

Available Homes: 1
Avg Price: $69,900.00
Price Range: $69,900.00 - $69,900.00
View PARKWAY GARDENS Homes

KIMBROUGH FOREST CONDOMINIUMS

Available Homes: 1
Avg Price: $350,000.00
Price Range: $350,000.00 - $350,000.00
View KIMBROUGH FOREST CONDOMINIUMS Homes

WOODSHIRE TOWNHOUSE

Available Homes: 1
Avg Price: $350,000.00
Price Range: $350,000.00 - $350,000.00
View WOODSHIRE TOWNHOUSE Homes

MOUNT ARLINGTON BLK R

Available Homes: 1
Avg Price: $325,000.00
Price Range: $325,000.00 - $325,000.00
View MOUNT ARLINGTON BLK R Homes

Schools in Memphis

K-5

Elementary Schools

Hickory Ridge Elementary

Scenic Hills Elementary

Balmoral/Ridgeway Elementary

Downtown Elementary

Alcy Elementary

+5 more schools

6-8

Middle Schools

Hickory Ridge Middle

Raleigh Egypt Middle School

Ridgeway Middle

B. T. Washington High

Hamilton Middle School

+5 more schools

9-12

High Schools

Manassas High

Raleigh-Egypt High

Ridgeway High

B. T. Washington High

Hamilton High

+4 more schools

School District Analysis

School Coverage

Elementary Schools: 10
Coverage Rate: 12%
Full K-12 Coverage: 15 homes

Elementary Schools

Balmoral/Ridgeway Elementary

3 properties

$451,298.33

Peabody Elementary

1 properties

$275,000.00

Downtown Elementary

2 properties

$254,000.00

Neighborhood Spotlight

Premium Area

$2,250,000.00

Highest avg price

Largest Homes

11,144 sqft

Average size

Best Value

$1,350.00

Most affordable

Neighborhood Diversity

111

distinct neighborhoods available

What Makes Memphis Special

Affordable Living

Great value with quality homes at competitive prices.

Diverse Housing

Wide variety of property types from condos to luxury estates.

Active Market

Dynamic real estate market with regular new listings and sales.

School Information Available

School district information available for properties in the area.

Recently Sold in Memphis

Exterior view of 1035 TREADWELL ST in Memphis, TN
SOLD
Apr 03, 2026

$1,250.00

bed 1 bath 1,369 sqft

1035 TREADWELL ST, Memphis, TN

Sold after 14 days on market
Exterior view of 245 PALISADE ST in Memphis, TN
SOLD
Apr 02, 2026

$255,000.00

Listed: $264,900.00

bed 1 bath 1,339 sqft

245 PALISADE ST, Memphis, TN

Sold after 31 days on market
Exterior view of 3534 BOWEN AVE in Memphis, TN
SOLD
Apr 02, 2026

$120,000.00

bed 1 bath 1,348 sqft

3534 BOWEN AVE, Memphis, TN

Sold after 13 days on market
Exterior view of 2185 OLDFIELD DR in Memphis, TN
SOLD
Apr 02, 2026

$190,000.00

Listed: $200,000.00

bed 1 bath 1,409 sqft

2185 OLDFIELD DR, Memphis, TN

Sold after 11 days on market
Exterior view of 2522 N EDWIN CIR in Memphis, TN
SOLD
Apr 01, 2026

$1,600.00

bed 1 bath 1,127 sqft

2522 N EDWIN CIR, Memphis, TN

Sold after 117 days on market
Exterior view of 955 GOODMAN ST in Memphis, TN
SOLD
Apr 01, 2026

$199,000.00

bed 1 bath 1,193 sqft

955 GOODMAN ST, Memphis, TN

Sold after 116 days on market

Memphis Market Trends

123
Current Inventory
Active listings
$233,628.76
Avg List Price
Current market
$232,901.78
Avg Sold Price
Last 30 days
+0.3%
Price Change
Month over month

Market Value Analysis

Price Segments

Luxury Homes: 24 properties
Above $350,443.13
Value Properties: 75 properties
Price Range Spread
$2,248,650.00

Price per Sq Ft by Type

Residential: $127/sqft
Residential Income: $111/sqft
Residential Lease: $1/sqft

Property Age & Construction

New Construction

3

Built after 2020

Modern Homes

9

Built 2000-2020

Established Homes

6

Built 1980-2000

Historic Character

74

Built before 1980

Average Home Age

68 years

Range: 1884 - 2026

Lifestyle & Amenities

Garage Parking

28

Avg: 2 spaces

Fireplaces

36

Avg: 1.2 per home

Home Sizes & Layout

Size Distribution

Spacious (3000+ sqft): 12 homes
Large (2500-3000 sqft): 6 homes
Medium (1500-2500 sqft): 27 homes
Cozy (800-1500 sqft): 41 homes

Layout Types

Single Story: 53 homes
Multi Story: 33 homes

Average Size

2,076 sqft

Market Timing Analysis

Quick Sales

53

Under 30 days

Moderate Pace

38

30-90 days

Longer Sales

32

Over 90 days

Recent Price Changes

Track the latest price movements in Memphis real estate market. See which homes have had price adjustments in the last 30 days.

Price Increases

2

Avg: +$62,950

Price Reductions

48

Avg: -$15,602

Total Activity

50

Last 30 days

Recent Price Increases

MLS# 3123934

Mar 25, 2026

$7,500

$8,750

+$1,250

Recent Price Reductions

MLS# 3135329

Apr 2, 2026

$1,100

$1,000

-$100

MLS# 3098749

Apr 1, 2026

$4,975

$4,700

-$275

MLS# 3130735

Apr 1, 2026

$1,999

$1,850

-$149

Market Activity Insights

Price Increase Rate

4%

Price Reduction Rate

96%

Market Stability

Active

Memphis Homes for Sale

Realtracs IDX Logo

MLS Information Disclaimer

Properties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (Cavins Realty Group).

IDX information © 2018 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or Cavins Realty Group. IDX information is provided exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: 2026-04-04T09:37:21+00:00