Cheap Homes for Sale in Colonial Acres, Memphis, TN

63 Homes for Sale

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Colonial Acres, TN Housing Market Overview

Colonial Acres in Memphis is a buyer's market right now. Homes are selling for 93.1% of asking price and taking an average of 69 days to sell, giving you more time to compare your options, negotiate a better deal, and buy with confidence.

Status

Balanced Market

Days on Market

69

Inventory

29

Sep 2021Feb 2024Feb 2026

Median Home Price

$247,000Up 0.07%

In Feb 2026 · YoY

Sep 2021Feb 2024Feb 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
29 Down 0.06%
Newly Listed Homes
29 Down 0.09%
Months of Supply
1.2 Down 0.00%

Housing Demand

Homes Sold
24 Down 0.00%
Sale-to-List Ratio
93.1% Down 3.75%
Homes Sold Above List
0% Down 18.52%

30-yr fixed rate 6.23% · Data as of Feb 2026 · Source: Houzeo Research.

View Full Colonial Acres Market Report

Colonial Acres Ranks #72 in Memphis, TN

Colonial Acres Neighborhood

Colonial Acres

Neighborhood in Memphis, TN
Homes for sale
69

Homes

Rental prices
$1,264

Rental Prices

Median Home Price
$247K

Median Home Price

Colonial Acres, Memphis, TN neighborhood guide
No. of Homes
Prices
Houses for Sale in Frayser, Memphis
238
-
Houses for Sale in Whitehaven, Memphis
220
-
Houses for Sale in Central Business District, Memphis
216
-
Houses for Sale in Raleigh, Memphis
192
-
Houses for Sale in Heights, Memphis
129
-
Houses for Sale in Vollintine Evergreen, Memphis
75
-
Houses for Sale in Sea Isle Park, Memphis
65
-
Houses for Sale in Parkway Village, Memphis
59
-
Houses for Sale in Hyde Park, Memphis
56
$67,500
Houses for Sale in Hickory Hill, Memphis
55
-
Houses for Sale in Berclair, Memphis
53
-
Houses for Sale in Oakhaven, Memphis
51
-
Houses for Sale in Nutbush, Memphis
49
-
Houses for Sale in Cooper Young, Memphis
49
-
Houses for Sale in Westwood, Memphis
46
$97,500
Houses for Sale in Central Gardens, Memphis
45
-
Houses for Sale in Orange Mound, Memphis
43
-
Houses for Sale in Binghampton, Memphis
42
-
Houses for Sale in Normal Station, Memphis
33
-
Houses for Sale in Alcy Ball, Memphis
32
-
Vollintine-Evergreen, Memphis Neighborhood Guide
Colonial Acres, Memphis Neighborhood Guide
Westwood, Memphis Neighborhood Guide
Sea Isle Park, Memphis Neighborhood Guide
Whitehaven, Memphis Neighborhood Guide
Oakhaven, Memphis Neighborhood Guide
Parkway Village, Memphis Neighborhood Guide
Nutbush, Memphis Neighborhood Guide
Raleigh, Memphis Neighborhood Guide
Alcy-Ball, Memphis Neighborhood Guide
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  • mls-imgIDX Logo
    Based on information from the Memphis Area Association of REALTORS(R) (alternatively, from the Memphis Area Association of REALTORS® MLS) through Oct 9, 2026, 8:45 AM. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose website is being visited. Listing content and images Copyright 2025 Memphis Area Association of REALTORS®. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. © 2026 Memphis Area Association of REALTORS®. All Rights Reserved.

    Angela Fowler Real Estate, LLC | 423.320.4620
    Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
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Colonial Acres, Memphis, TN Housing Marketlink qauare
Homes Available icon

63

Homes Available

Median List Price icon

$ 247,000

Median List Price

Avg on Market icon

69 Days

Avg on Market

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