Cheap Homes for Sale in Raleigh, Memphis, TN

162 Homes for Sale

Sort by:Newest Listings

Don't miss out on new listings — and get instant email alerts!

Do Real Estate on the Go!

Find your dream home, receive real-time updates, and many more!

OPEN APP

Raleigh, TN Housing Market Overview

Raleigh in Memphis is a balanced market, giving buyers and sellers room to negotiate. Homes are selling for 95.93% of asking price and averaging 40 days on the market, so you can make decisions without the pressure of a highly competitive market.

Status

Seller's Market

Days on Market

40

Inventory

104

Sep 2021Feb 2024Feb 2026

Median Home Price

$151,000Down 0.12%

In Feb 2026 · YoY

Sep 2021Feb 2024Feb 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
104 Down 0.09%
Newly Listed Homes
103 Down 0.23%
Months of Supply
1.5 Down 0.00%

Housing Demand

Homes Sold
69 Down 0.00%
Sale-to-List Ratio
95.9% Up 1.56%
Homes Sold Above List
21.7% Up 5.85%

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

View Full Raleigh Market Report

Raleigh Ranks #112 in Memphis, TN

Raleigh Neighborhood

Raleigh

Neighborhood in Memphis, TN
Homes for sale
191

Homes

Rental prices
$761

Rental Prices

Median Home Price
$151K

Median Home Price

Raleigh, Memphis, TN neighborhood guide
No. of Homes
Prices
Houses for Sale in Frayser, Memphis
238
-
Houses for Sale in Whitehaven, Memphis
220
-
Houses for Sale in Central Business District, Memphis
216
-
Houses for Sale in Heights, Memphis
129
-
Houses for Sale in Vollintine Evergreen, Memphis
75
-
Houses for Sale in Colonial Acres, Memphis
69
-
Houses for Sale in Sea Isle Park, Memphis
65
-
Houses for Sale in Parkway Village, Memphis
59
-
Houses for Sale in Hyde Park, Memphis
56
$67,500
Houses for Sale in Hickory Hill, Memphis
55
-
Houses for Sale in Berclair, Memphis
53
-
Houses for Sale in Oakhaven, Memphis
51
-
Houses for Sale in Nutbush, Memphis
49
-
Houses for Sale in Cooper Young, Memphis
49
-
Houses for Sale in Westwood, Memphis
46
$97,500
Houses for Sale in Central Gardens, Memphis
45
-
Houses for Sale in Orange Mound, Memphis
43
-
Houses for Sale in Binghampton, Memphis
42
-
Houses for Sale in Normal Station, Memphis
33
-
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
Whitehaven, Memphis Neighborhood Guide
Oakhaven, Memphis Neighborhood Guide
Parkway Village, Memphis Neighborhood Guide
Nutbush, Memphis Neighborhood Guide
Raleigh, Memphis Neighborhood Guide
Alcy-Ball, Memphis Neighborhood Guide
Mortgage Calculator
How Much House Can I Afford
How to Buy a House in Memphis, TN
Best Places to Live in Memphis, Tennessee
Safest Places to Live in Tennessee
Expensive Places to Live in Tennessee
Cheapest Places to Live in Tennessee
  • mls-img
    Based on information from Realtracs® through Oct 9, 2026, 8:45 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 Oct 9, 2026, 8:45 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
Click to see all homes
static map image
Satellite
Raleigh, Memphis, TN Housing Marketlink qauare
Homes Available icon

162

Homes Available

Median List Price icon

$ 151,000

Median List Price

Avg on Market icon

40 Days

Avg on Market

Close IconHouzeo

Do Real Estate on the Go!

OPEN APP
For Sale
Price
Beds & Baths
Home Type (5)
Filters
Save Search Share