Homes for Sale Under 500K in Memphis, TN

3,656 Homes for Sale

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Memphis, TN Housing Market Overview

Memphis is a balanced market, giving buyers and sellers room to negotiate. With 2.5 months of supply and homes averaging 58 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

58

Inventory

3,656

Aug 2021May 2024Jul 2026

Median Home Price

$198,000Down 10.00%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
3,656 Up 40.14%
Newly Listed Homes
697 Down 3.86%
Months of Supply
2.5 Up 17.65%

Housing Demand

Homes Sold
1,103 Up 19.11%
Sale-to-List Ratio
97.5% Down 0.22%
Homes Sold Above List
15.6% Down 13.65%

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

View Full Memphis Market Report
No. of Homes
Houses for Sale in Frayser, Memphis
301
Houses for Sale in Central Business District, Memphis
245
Houses for Sale in Whitehaven, Memphis
235
Houses for Sale in Raleigh, Memphis
223
Houses for Sale in Heights, Memphis
139
Houses for Sale in Vollintine Evergreen, Memphis
90
Houses for Sale in Colonial Acres, Memphis
86
Houses for Sale in Sea Isle Park, Memphis
73
Houses for Sale in Hyde Park, Memphis
67
Houses for Sale in Parkway Village, Memphis
59
Houses for Sale in Oakhaven, Memphis
58
Houses for Sale in Berclair, Memphis
57
Houses for Sale in Westwood, Memphis
53
Houses for Sale in Central Gardens, Memphis
53
Houses for Sale in Cooper Young, Memphis
53
Houses for Sale in Nutbush, Memphis
50
Houses for Sale in Orange Mound, Memphis
50
Houses for Sale in Hickory Hill, Memphis
47
Houses for Sale in Binghampton, Memphis
44
Houses for Sale in Hollywood, Memphis
37
  • mls-img
    Based on information from Realtracs® through Sep 16, 2026, 12:31 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 Sep 16, 2026, 12:30 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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Memphis, TN Housing Marketlink qauare
Homes Available icon

3,656

Homes Available

Median List Price icon

$ 198,000

Median List Price

Avg on Market icon

58 Days

Avg on Market

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