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Homes for Sale Under 500K in Memphis, TN

3,430 Homes for Sale

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Photo 1 of Land for sale at 0 Lamar Ave, Memphis, TN 38114 | MLS# 10226476 | Listing updated on 2026-08-19

$244,500

Views: 10

Bedrooms: --Bds

Bathrooms: --Ba

Area: 1.29acres lot

Land for sale

0 Lamar Ave, Memphis, TN 38114

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

Photo 1 of Single family home for sale at 637 Greenlaw Pl, Memphis, TN 38107 | MLS# 10232357 | Listing updated on 2026-10-14

$239,900

Views: 6

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,761sqft

Single family home for sale

637 Greenlaw Pl, Memphis, TN 38107

Weichert, Realtors-Benchmark Listing provided by MAAR

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Photo 1 of Single family home for sale at 5171 Park Ave, Memphis, TN 38119 | MLS# 10230580 | Listing updated on 2026-10-05

$239,000

Views: 13

Bedrooms: 4Bds

Bathrooms: 2Ba

Area: 1,550sqft

Single family home for sale

5171 Park Ave, Memphis, TN 38119

Exp Realty Listing provided by MAAR

Photo 1 of Single family home for sale at 11 N Ashlawn Rd, Memphis, TN 38112 | MLS# 10227194 | Listing updated on 2026-10-23

$239,000

Views: 6

Bedrooms: 2Bds

Bathrooms: 1Ba

Area: 1,098sqft

Single family home for sale

11 N Ashlawn Rd, Memphis, TN 38112

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

HotHot
Photo 1 of Single family home for sale at 6781 Henredon Dr, Memphis, TN 38141 | MLS# 10209391 | Listing updated on 2026-05-14

$238,500

Views: 20

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,626sqft

Single family home for sale

6781 Henredon Dr, Memphis, TN 38141

Conner & Shirley, Realtors Listing provided by MAAR

Showing 841 - 882 of 3,430 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

Oct 2021Jul 2024Sep 2026

Median Home Price

$169,000Down 0.59%

In Sep 2026 · YoY

Oct 2021Jul 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-imgIDX Logo
    Based on information from the Memphis Area Association of REALTORS(R) (alternatively, from the Memphis Area Association of REALTORS® MLS) through Nov 1, 2026, 7:45 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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Homes Available icon

3,430

Homes Available

Median List Price icon

$ 169,000

Median List Price

Avg on Market icon

70 Days

Avg on Market