Homes Under $500K in Memphis, TN

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21 of 2,573 Listings

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Homes Under $500K in Memphis, TN

21 of 2,573 Listings

Your Memphis agent

Donnie Morrow

Morrow Group eXp Realty

Call Donnie

31Active
$178,000
5 bd · — ba · — sqft
4184 Lansford Dr, Memphis, TN
Natalie F Murphy · MidSouth Residential, LLC
36Active
$210,000
3 bd · — ba · — sqft
439 S Perkins Rd 439-2, Memphis, TN
Kelsey Proutey · Groome & Co.
13Active
$185,000
3 bd · — ba · — sqft
3567 Hanna Dr, Memphis, TN
Jared C Smith · Premier Realty Group, LLC

Listing data & MLS disclosures

Memphis Area Association of REALTORS: Some or all of the listings displayed may not belong to the firm whose website is being visited. Listing content and images Copyright © 2026 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.
Realtracs: Based on information submitted to the MLS GRID as of 2026-09-02 19:59:38 UTC. All data is obtained from various sources and may not have been verified by 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.

Memphis housing market

August 2026 · This period is still settling

Selling at 97.8% of asking price

Buyers here are paying below asking. MLS · 333 sales · as of Aug 28, 2026

Homes that sold · County records, as of Aug 18, 2026

Median sale price: $152,500$95,000–$247,250 typical range
Price per sq. ft.: $105
Sales: 506
Paid in cash: 37.6%

Homes on the market · MLS, as of Aug 28, 2026–Aug 31, 2026

Median list price: $167,580
Homes for sale: 2,489
Median days on market: 33 days

Price trend · Assessor repeat sales, as of Aug 31, 2026

Year-over-year: 7.1%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Aug 13, 2026

Median home size: 1,472 sq. ft.

Memphis, TN community profile

Population: 620,546
Median income: $52,646
Housing units: 271,170
People per sq. mi.: 1,621.5
Area: 382.7 sq. mi.

Source: HJN community data

Explore Memphis homes

Listing data & MLS disclosures

Memphis Area Association of REALTORS: Some or all of the listings displayed may not belong to the firm whose website is being visited. Listing content and images Copyright © 2026 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.
Realtracs: Based on information submitted to the MLS GRID as of 2026-09-02 19:59:38 UTC. All data is obtained from various sources and may not have been verified by 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.

Memphis, TN community profile

Population: 620,546
Median income: $52,646
Housing units: 271,170
People per sq. mi.: 1,621.5
Area: 382.7 sq. mi.

Source: HJN community data

Memphis housing market

August 2026 · This period is still settling

Selling at 97.8% of asking price

Buyers here are paying below asking. MLS · 333 sales · as of Aug 28, 2026

Homes that sold · County records, as of Aug 18, 2026

Median sale price: $152,500$95,000–$247,250 typical range
Price per sq. ft.: $105
Sales: 506
Paid in cash: 37.6%

Homes on the market · MLS, as of Aug 28, 2026–Aug 31, 2026

Median list price: $167,580
Homes for sale: 2,489
Median days on market: 33 days

Price trend · Assessor repeat sales, as of Aug 31, 2026

Year-over-year: 7.1%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Aug 13, 2026

Median home size: 1,472 sq. ft.

Your Memphis agent

Donnie Morrow

Morrow Group eXp Realty

Call Donnie

Your Memphis agent

Donnie Morrow

Morrow Group eXp Realty

Call Donnie

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Registered offenders on the map

Registered offenders on the map

Registered offenders on the map

Your Memphis agent

Listing data & MLS disclosures

Memphis housing market

Homes that sold · County records, as of Aug 18, 2026

Homes on the market · MLS, as of Aug 28, 2026–Aug 31, 2026

Price trend · Assessor repeat sales, as of Aug 31, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Aug 13, 2026

Memphis, TN community profile

Explore Memphis homes

Listing data & MLS disclosures

Memphis, TN community profile

Memphis housing market

Homes that sold · County records, as of Aug 18, 2026

Homes on the market · MLS, as of Aug 28, 2026–Aug 31, 2026

Price trend · Assessor repeat sales, as of Aug 31, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Aug 13, 2026

Your Memphis agent

Your Memphis agent