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Homes for Sale Under 500K in Memphis, TN

3,428 Homes for Sale

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Photo 1 of Single family home for sale at 2318 Lovitt Dr, Memphis, TN 38119 | MLS# 10231967 | Listing updated on 2026-10-29

$235,000

Views: 5

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,647sqft

Single family home for sale

2318 Lovitt Dr, Memphis, TN 38119

Banyan Tree, Realtors Listing provided by MAAR

Photo 1 of Single family home for sale at 915 Faxon Ave, Memphis, TN 38105 | MLS# 10227788 | Listing updated on 2026-10-22

$234,900

Views: 5

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,400sqft

Single family home for sale

915 Faxon Ave, Memphis, TN 38105

C21 Patterson & Assoc. Real Es Listing provided by MAAR

Photo 1 of Single family home for sale at 4706 Stage Rd, Memphis, TN 38128 | MLS# 10230270 | Listing updated on 2026-10-27

$233,900

Views: 1

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,603sqft

Single family home for sale

4706 Stage Rd, Memphis, TN 38128

Kaizen Realty, Llc Listing provided by MAAR

Photo 1 of Single family home for sale at 4980 Dee Rd, Memphis, TN 38117 | MLS# 10222955 | Listing updated on 2026-10-19

$232,500

Views: 2

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,343sqft

Single family home for sale

4980 Dee Rd, Memphis, TN 38117

Real Broker Listing provided by MAAR

Photo 1 of Single family home for sale at 1322 Larkin Ave, Memphis, TN 38104 | MLS# 10232265 | Listing updated on 2026-10-12

$230,000

Views: 4

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,284sqft

Single family home for sale

1322 Larkin Ave, Memphis, TN 38104

Harris & Harris Realty Group, Listing provided by MAAR

Showing 883 - 924 of 3,428 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, 3:30 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

3,428

Homes Available

Median List Price icon

$ 169,000

Median List Price

Avg on Market icon

70 Days

Avg on Market