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Homes for Sale Under 200K in Memphis, TN

2,267 Homes for Sale

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Photo 1 of Single family home for sale at 2325 Riley Ave, Memphis, TN 38114 | MLS# 10230816 | Listing updated on 2026-09-21

$120,000

Views: 4

Bedrooms: 3Bds

Bathrooms: 1Ba

Area: 1,177sqft

Single family home for sale

2325 Riley Ave, Memphis, TN 38114

The Home Partners Realty Listing provided by MAAR

Photo 1 of Single family home for sale at 5319 Braden Dr, Memphis, TN 38127 | MLS# 10214013 | Listing updated on 2026-08-24

$119,900

Views: 5

Bedrooms: 3Bds

Bathrooms: 1Ba

Area: 1,006sqft

Single family home for sale

5319 Braden Dr, Memphis, TN 38127

Crye-Leike, Inc., Realtors Listing provided by MAAR

Photo 1 of Single family home for sale at 3083 Cherry Rd, Memphis, TN 38118 | MLS# 10217931 | Listing updated on 2026-09-29

$119,900

Views: 7

Bedrooms: 3Bds

Bathrooms: 1Ba

Area: 1,402sqft

Single family home for sale

3083 Cherry Rd, Memphis, TN 38118

Germantown Properties Listing provided by MAAR

New
Photo 1 of Single family home for sale at 3118 Chisca Ave, Memphis, TN 38111 | MLS# 10233244 | Listing updated on 2026-10-26

$119,900

Views: 1

Bedrooms: 4Bds

Bathrooms: 2Ba

Area: 1,904sqft

Single family home for sale

3118 Chisca Ave, Memphis, TN 38111

Rei Nation Real Estate Service Listing provided by MAAR

Photo 1 of Single family home for sale at 2756 Merle St, Memphis, TN 38118 | MLS# 10230313 | Listing updated on 2026-10-02

$119,900

Views: 1

Bedrooms: 3Bds

Bathrooms: 1Ba

Area: 1,252sqft

Single family home for sale

2756 Merle St, Memphis, TN 38118

Kaizen Realty, Llc Listing provided by MAAR

Price CutPrice Drop: $2.1K
3D Tour3D Tour
Photo 1 of Single family home for sale at 1201 Leawood St, Memphis, TN 38122 | MLS# 3223242 | Listing updated on 2026-10-22

$119,900

Views: 8

Bedrooms: 2Bds

Bathrooms: 1Ba

Area: 818sqft

Single family home for sale

1201 Leawood St, Memphis, TN 38122

Realtracs as distributed by MLS GRID

Photo 1 of Single family home for sale at 377 Parkdale Dr, Memphis, TN 38109 | MLS# 10223539 | Listing updated on 2026-10-14

$119,500

Views: 14

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,547sqft

Single family home for sale

377 Parkdale Dr, Memphis, TN 38109

Cb Properties Of Memphis, Llc Listing provided by MAAR

Photo 1 of Single family home for sale at 4848 Neely Rd, Memphis, TN 38109 | MLS# 10225687 | Listing updated on 2026-10-27

$119,500

Views: 6

Bedrooms: 3Bds

Bathrooms: 1Ba

Area: 1,142sqft

Single family home for sale

4848 Neely Rd, Memphis, TN 38109

Reedy & Company, Realtors Listing provided by MAAR

Photo 1 of Multi family home for sale at 770 Brower St, Memphis, TN 38111 | MLS# 10230150 | Listing updated on 2026-10-29

$119,000

Views: 1

Bedrooms: 1Bd

Bathrooms: 1Ba

Area: 1,278sqft

Multi family home for sale

770 Brower St, Memphis, TN 38111

Cb Properties Of Memphis, Llc Listing provided by MAAR

Photo 1 of Single family home for sale at 1889 Marjorie St, Memphis, TN 38106 | MLS# 10220337 | Listing updated on 2026-08-31

$119,000

Views: 9

Bedrooms: 4Bds

Bathrooms: 1Ba

Area: 1,052sqft

Single family home for sale

1889 Marjorie St, Memphis, TN 38106

The Stamps Real Estate Company Listing provided by MAAR

Showing 967 - 1,008 of 2,267 homes for sale in Memphis, TN

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Memphis, TN Housing Market Overview

Memphis is a balanced market, giving buyers and sellers room to negotiate. With 5.4 months of supply and homes averaging 70 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

70

Inventory

2,808

Sep 2021Jun 2024Sep 2026

Median Home Price

$169,000Down 0.59%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
2,808 Up 126.09%
Newly Listed Homes
4,706 Up 64.60%
Months of Supply
5.4 Up 134.78%

Housing Demand

Homes Sold
1,574 Down 3.32%
Sale-to-List Ratio
95.9% Down 0.39%
Homes Sold Above List
11.9% Up 1.88%

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

View Full Memphis Market Report
No. of Homes
Prices
Houses for Sale in Frayser, Memphis
225
-
Houses for Sale in Central Business District, Memphis
214
-
Houses for Sale in Whitehaven, Memphis
212
-
Houses for Sale in Raleigh, Memphis
175
-
Houses for Sale in Heights, Memphis
122
-
Houses for Sale in Vollintine Evergreen, Memphis
72
-
Houses for Sale in Sea Isle Park, Memphis
66
-
Houses for Sale in Hickory Hill, Memphis
62
-
Houses for Sale in Colonial Acres, Memphis
60
-
Houses for Sale in Parkway Village, Memphis
59
-
Houses for Sale in Hyde Park, Memphis
55
$67,500
Houses for Sale in Berclair, Memphis
52
-
Houses for Sale in Nutbush, Memphis
49
-
Houses for Sale in Central Gardens, Memphis
48
-
Houses for Sale in Oakhaven, Memphis
46
-
Houses for Sale in Orange Mound, Memphis
45
-
Houses for Sale in Cooper Young, Memphis
43
-
Houses for Sale in Binghampton, Memphis
42
-
Houses for Sale in Westwood, Memphis
32
$97,500
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
Oakhaven, Memphis Neighborhood Guide
Whitehaven, Memphis Neighborhood Guide
Parkway Village, Memphis Neighborhood Guide
Nutbush, Memphis Neighborhood Guide
Raleigh, Memphis Neighborhood Guide
Hickory Hill, Memphis Neighborhood Guide
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  • mls-img
    Based on information from Realtracs® through Oct 31, 2026, 11:01 PM. Data courtesy of Realtracs® MLS as distributed by MLS GRID. Some IDX listings have been excluded from this website. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by Realtracs® MLS. © 2026 RealTracs Solutions. All Rights Reserved.

    Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com
    Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
  • 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 31, 2026, 11:00 PM. 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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Homes Available icon

2,267

Homes Available

Median List Price icon

$ 169,000

Median List Price

Avg on Market icon

70 Days

Avg on Market