Memphis, TN Housing Market
The Memphis, TN housing market has 2,418 homes for sale as of November 3, 2026, with a median asking price of $178,000. 137 homes were listed this week and 988 have been on the market for more than 90 days.
Memphis housing market snapshot
All 2,418 homes for sale today.
Market pace The typical Memphis home has been listed 72 days, against 61 across the US. A quarter quicker than the US is fast, a quarter slower is slow.
Balanced
Homes here sell at about the US pace.
- Homes for sale
- 2,418
- Median price
- $178,000
- Median days on market
- 72
The typical home for sale
- 3 bed
- 2 bath
- 1,759 sqft
- Built around 1964
- $129 per sqft
Hottest neighborhoods in Memphis right now
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Collections of Memphis homes
Themed sets of homes for one kind of buyer at a time: a budget, a neighborhood or a way of living.
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7 Bedroom Multigenerational Homes for Sale in Memphis, TN Under $150K
Cooper-Young is a historic arts district in Midtown Memphis, lined with early-twentieth-century bungalows and cottages on tree-shaded streets. Young Avenue draws people to its restaurants and shops, and the Mississippi River and the Downtown core lie a short drive west. Midtown's wide green spaces, including Overton Park, sit within easy reach of the neighborhood. Daily life here is built around short trips. Downtown Memphis, with its Beale Street music scene and the Mississippi riverfront, is a quick drive west, and Overton Park and the Memphis Zoo make an easy weekend outing. Buyers should check school zoning for each address with Shelby County Schools, since assignments change across the city, and should have older electrical and plumbing systems inspected before buying.
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3 Bedroom Gated Condos for Sale in Memphis, TN Under $375K
Memphis condo buyers searching for a 3 bedroom gated home often look first at Midtown, where Overton Park's wooded acres hold the Memphis Zoo and the Brooks Museum of Art, a short drive from the Central Avenue corridor. Gated towers near the Memphis Country Club sit along Central Avenue, close to the University of Memphis campus and the shops and restaurants of Midtown. Downtown's South Main district, a historic area of lofts and restaurants, is only a few minutes away, and the Mississippi River riverfront lies just beyond its southern edge. Most of these neighborhoods sit a 10 to 20 minute drive from Downtown along Interstate 240, while Interstate 40 runs east toward the suburbs and west toward Memphis International Airport. Buyers should confirm the school zone for each address with Shelby County Schools, and the medical district around Union Avenue, anchored by Methodist University Hospital, is a practical commute for healthcare workers and families.
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First Time Buyer 3+ Bedroom Homes for Sale in Memphis, TN Under $200K
Memphis neighborhoods for first-time buyers spread across Midtown, Cooper-Young, Frayser and Raleigh. Overton Park, a large wooded park in Midtown, anchors older tree-lined streets where many houses date from the 1920s through the 1950s. Frayser sits north of downtown with quieter blocks and more open lots, while Raleigh on the northeast side keeps modest homes near the interstates that link the suburbs to the core. Downtown Memphis is about 15 minutes by car from most of these areas, putting the Medical District and the Mississippi River waterfront within easy reach. Tom Lee Park and the Riverfront trail give residents a place to walk, and Shelby Forest General Management Area offers hiking and camping on the northwest edge of the city. Local schools fall under the Shelby County Schools district, so check attendance zones for each address.
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4+ Bedroom Family Homes for Sale in Memphis, TN Under $575K
Evergreen Historic District sits in Midtown Memphis, where tree-lined streets hold early twentieth century houses on generous lots. Cooper-Young, just south, offers a walkable mix of cafes, bungalows and older brick homes, and Overton Park, with its museums and outdoor concert shell, is a short drive away. Downtown Memphis is roughly a ten minute drive from most of these neighborhoods, and Interstate 240 links them to the medical district and the airport. The Mississippi River bluff and Tom Lee Park sit a few miles west, while Shelby Farms Park offers trails and lakes to the east.
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4+ Bedroom Family Homes for Sale in Memphis, TN Under $750K
Memphis has architecturally rich blocks in the Mid-South, and the homes in this collection sit close to its oldest districts. Victorian Village, just east of downtown, is lined with 19th-century houses and deep front porches that give its streets a settled, set-apart feel. Annesdale Park and Overton Park sit in Midtown, where tree-shaded streets run toward the Overton Park woods, the Memphis Zoo and the Brooks Museum of Art. Getting around is easy from these neighborhoods. Downtown and the Memphis Medical District are a short drive away, and Interstate 40 and Interstate 240 connect Midtown to the rest of the metro. Shelby Farms Park, one of the largest urban parks in the country, offers lakes and trails just east of the city, and the Mississippi River bluff and Beale Street are close enough for a weekend outing.
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4+ Bedroom Family Homes for Sale in Memphis, TN Under $675K
Annesdale Park and Central Gardens sit in Memphis's Midtown, where tree-lined streets hold early twentieth century houses on generous lots. Overton Park, home to the Memphis Zoo and the Brooks Museum of Art, anchors both neighborhoods, and many older homes sit within a short walk of its trails and lawns. Madison Avenue runs through Midtown toward the Broad Avenue arts district, and the Mississippi River lies a short drive west of downtown. Downtown Memphis is a short drive away, and Interstate 240 loops around Midtown to connect with Interstate 40 and the rest of the metro. Shelby Farms Park, one of the largest urban parks in the country, offers trails and lakes on the east side of the city. Buyers should confirm school zones address by address, since Shelby County Schools boundaries can vary across Midtown.
New listings and overlooked homes in Memphis this week
Newest listings
Listed Nov 2 $249,000
4443 Peace River Drive, Memphis, TN 38141
Listed Nov 2 $235,000
384 Mcfarland Drive, Memphis, TN 38109
Listed Nov 2 $309,900
8315 Dunnan Cove East, Memphis, TN 38016
Listed Nov 2 $240,000
710 Stonewall Street, Memphis, TN 38107
Listed Nov 2 $130,000
6533 Fern Creek Drive, Memphis, TN 38115
Listed Nov 2 $134,900
3338 East Rosita Circle, Memphis, TN 38116
Longest on the market, most room to negotiate
752 days on market $450,000
4931 Princeton Grove Cove, Memphis, TN 38117
749 days on market $25,000
177 Modder Avenue, Memphis, TN 38109
722 days on market $354,000
2523 Syon Drive, Memphis, TN 38119
684 days on market $75,000
3645 Steele Street, Memphis, TN 38127
656 days on market $84,900
1410 South Avenue, Memphis, TN 38106
596 days on market $730,000
671 Jefferson Avenue, Memphis, TN 38103
Financing
Can you afford a home in Memphis?
The typical Memphis home costs about $1,092 a month, and you need around $47,000 a year to get the loan.
On the $178,000 median home at this week's 7.24% rate with 10% down. Before taxes, insurance and HOA dues. We take the $178,000 median home, subtract the down payment, and spread the rest over 30 years at this week's average rate from Freddie Mac. Lenders usually want that payment under 28% of what you earn before tax, which gives the income figure.
Homes for sale by loan type
- Homes you can buy with a regular mortgage98%2,366 homes
Homes priced under the Shelby County loan limit of $832,750
- Homes with a loan you can take over30.1% of homes
The agent advertises an assumable loan at the seller's rate
Assumable mortgage homes for sale in Memphis, TN
3 homes in Memphis come with a loan you can take over. The lowest advertised rate is 5.5%.
With an assumable loan the buyer takes over the seller's existing mortgage, at the rate the seller locked in years ago.
What 5.5% saves you
Same $160,200 loan, 30 years, before taxes and insurance.
The two lowest advertised rates right now
Rates come from the listing agent's remarks, not a verified loan record. Confirm the balance, rate and terms with the agent before you make an offer.
Updated November 3, 2026 from the live MLS feed. The numbers on this page are refreshed every two days.
