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Homes for Sale Under 500K in Memphis, TN

3,430 Homes for Sale

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Photo 1 of Multi family home for sale at 1515 Madison Ave, Memphis, TN 38104 | MLS# 10218073 | Listing updated on 2026-09-25

$380,000

Views: 21

Bedrooms: --Bds

Bathrooms: --Ba

Area: 3,166sqft

Multi family home for sale

1515 Madison Ave, Memphis, TN 38104

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

Photo 1 of Single family home for sale at 144 Magnolia Dr, Memphis, TN 38117 | MLS# 10228005 | Listing updated on 2026-09-26

$380,000

Views: 7

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 2,126sqft

Single family home for sale

144 Magnolia Dr, Memphis, TN 38117

Coldwell Banker Collins-Maury Listing provided by MAAR

Photo 1 of Single family home for sale at 991 Forrest Ave, Memphis, TN 38105 | MLS# 10222769 | Listing updated on 2026-10-13

$379,997

Views: 17

Bedrooms: 4Bds

Bathrooms: 3Ba

Area: 2,160sqft

Single family home for sale

991 Forrest Ave, Memphis, TN 38105

Zeitlin Sotheby'S Internation Listing provided by MAAR

Photo 1 of Single family home for sale at 959 Colonial Rd, Memphis, TN 38117 | MLS# 10231376 | Listing updated on 2026-09-30

$379,900

Views: 10

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 2,000sqft

Single family home for sale

959 Colonial Rd, Memphis, TN 38117

Midsouth Residential, Llc Listing provided by MAAR

Photo 1 of Single family home for sale at 160 Sylben Cv, Memphis, TN 38120 | MLS# 10229687 | Listing updated on 2026-10-10

$379,900

Views: 2

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 2,563sqft

Single family home for sale

160 Sylben Cv, Memphis, TN 38120

Bryan Realty Group Listing provided by MAAR

Photo 1 of Single family home for sale at 311 Avon Rd, Memphis, TN 38117 | MLS# 3516625 | Listing updated on 2026-08-20

$375,000

Views: 10

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,949sqft

Single family home for sale

311 Avon Rd, Memphis, TN 38117

Realtracs as distributed by MLS GRID

Photo 1 of Single family home for sale at 1785 Glenwood Pl, Memphis, TN 38104 | MLS# 10211274 | Listing updated on 2026-09-21

$375,000

Views: 12

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 2,426sqft

Single family home for sale

1785 Glenwood Pl, Memphis, TN 38104

Coldwell Banker Collins-Maury Listing provided by MAAR

Photo 1 of Single family home for sale at 379 Mcelroy Rd, Memphis, TN 38120 | MLS# 10221037 | Listing updated on 2026-09-15

$374,900

Views: 16

Bedrooms: 4Bds

Bathrooms: 3Ba

Area: 2,242sqft

Single family home for sale

379 Mcelroy Rd, Memphis, TN 38120

Realty International, Inc. Listing provided by MAAR

Photo 1 of Multi family home for sale at 1577 Court Ave, Memphis, TN 38104 | MLS# 10221256 | Listing updated on 2026-10-16

$374,500

Views: 14

Bedrooms: --Bds

Bathrooms: --Ba

Area: 3,408sqft

Multi family home for sale

1577 Court Ave, Memphis, TN 38104

Renshaw Company, Realtors Listing provided by MAAR

3D Tour3D Tour
Photo 1 of Single family home for sale at 1338 E Island Pl, Memphis, TN 38103 | MLS# 10229177 | Listing updated on 2026-09-15

$369,000

Views: 11

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,780sqft

Single family home for sale

1338 E Island Pl, Memphis, TN 38103

Marx-Bensdorf, Realtors Listing provided by MAAR

Showing 211 - 252 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-img
    Based on information from Realtracs® through Nov 1, 2026, 7:45 AM. 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 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