Houses For Sale In

Gates, Memphis

How many homes are for sale in Memphis, TN?

There are 6 homes for sale in Memphis, TN. More active homes usually means better selection and a little more time to compare before you offer.

What is the median list price of homes in Memphis, TN?

The median list price is $172,749. Median is a clearer "typical" price than average because extreme outliers—like a few luxury estates at the top or a few short sales/fixers at steep discounts—don't pull it up or down as much.

What is the average list price of homes in Memphis, TN?

The average list price is $223,980. Compare average vs. median to read the market's "tilt": when average is higher than median, upper-end homes are likely lifting the market; when average is lower than median, more lower-priced or discounted homes may be in the mix. A big gap in either direction usually means the current inventory is skewed.

What is the median price per square foot for homes in Memphis, TN?

Homes list at a median $119 per sq ft in Memphis, TN. Price-per-foot helps you compare value across neighborhoods and renovations; newer or recently updated homes often sit above the median.

How long do homes typically stay on the market in Memphis, TN?

The median days on market (DOM) is 53 days. Shorter DOM signals stronger demand—expect quicker tours and faster decisions when DOM is low; longer DOM often means you can compare more and negotiate.

What is the housing months of supply for homes in Memphis, TN?

Months of supply (MOS) is 6.2. MOS estimates how long it would take to sell all current listings at the recent sales pace if no new homes were listed. As a rule of thumb, 3–6 MOS is balanced; below 3 tends to favor sellers (move fast, expect competition), while above 6 can give buyers more leverage and time.

How many homes sold in the last 12 months in Memphis, TN?

6,229 homes sold over the last 12 months. Viewed together with MOS, this gives you a clear read on demand versus supply and helps your ez Home Search partner agent guide you to the best options and strategy.

How many new home listings came on the market in the last 7 and 30 days in Memphis, TN?

132 new listings in the past 7 days and 631 in the past 30 days. Frequent new listings mean fresh choices appear often; slower weeks suggest acting quickly when the right home appears.

How many home listings had a price reduction in the last 30 days in Memphis, TN?

21 listings reduced price in the last 30 days. Price cuts can signal sellers aligning to demand—use them to spot improving values or timing for offers.

What is the median home size for homes for sale in Memphis, TN?

The median interior size is 1,451 sq ft. This tells you the "typical" amount of living space you'll see at common price points, which helps you set expectations for rooms and layout before touring.

What is the median lot size for homes for sale in Memphis, TN?

The median lot size is 0.2 acres. Closer-in neighborhoods usually have smaller lots; farther out you'll often find more land—compare lot size alongside price-per-foot to balance yard space and interior space.

How many one-story vs. two-story homes are for sale in Memphis, TN?

About 85% one-story, 14% two-story, and 0% three-plus-story homes are active. Single-story homes are often in tighter supply and attract buyers who want fewer stairs, which can lead to quicker sales and firmer pricing when demand is strong.

What is the median year built for homes for sale in Memphis, TN?

The median year built among active homes is 1959. Newer homes typically offer modern systems and energy efficiency; older homes may offer larger lots and classic details, though some may need updates—factor both into your budget and timeline.

Which neighborhoods currently have the most homes for sale in Memphis, TN?

You'll find the most active homes for sale in the COUNTRY CLUB ESTATES, J E WALKER HOMES, COUNTRY CLUB, GRACELAND, GREENTREES SEC C communities. Starting your search there usually gives you more options in a single tour.

What is the typical monthly HOA for homes for sale in Memphis, TN?

The median HOA is $47 per month (where applicable). HOA dues affect your monthly affordability and loan qualification—use our mortgage calculator to see the full picture.

How much do you need to make to afford a home in Memphis, TN?

The median home price in Memphis, TN is $172,749. With a 20% down payment ($34,549) and a 30-year fixed at 7.0%, the estimated principal-and-interest (P&I) payment is $919/month (plus property taxes, homeowners insurance, HOA dues, PMI if required, and utilities). Based on the 28/36 guideline for housing costs—where total housing expenses should be about 28% to 36% of your gross income—you'd want a household income of roughly $39,404 to $30,648 per year. Use our pre-approval form to know exactly what you qualify for and to be able to make a stronger offer.

How are the schools near homes for sale in Memphis, TN?

Many homes in Memphis, TN are served by well-rated public and private schools; check each listing's school panel for boundary notes and current ratings, then compare nearby options as you narrow neighborhoods.