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New Construction Homes in Memphis, TN

$1,980,000
For Sale
4
Bed
6.5
Bath
House, Updated 4 hours ago
No data
Expenses
No data
Cap Rate
Listed Jan 24th, 2021
Hamilton Community Initiative, Depot Planning District, Shelby
$92,000
For Sale
3
Bed
2
Bath
House, Updated 1 day ago
$52 / mo
Expenses
12.04%
Cap Rate
Year Built: 2020 to 2021
North Memphis, Shelby
$288,000
For Sale
3
Bed
2
Bath
House, Updated 2 days ago
No data
Expenses
No data
Cap Rate
Listed Jan 22nd, 2021
Binghampton-Lester, Jackson - University Area, Shelby
$90,000
For Sale
2
Bed
2
Bath
House, Updated 5 days ago
$421 / mo
Expenses
No data
Cap Rate
Listed Jan 19th, 2021
$709,900
For Sale
5
Bed
4
Bath
House, Updated 1 week ago
$2,720 / mo
Expenses
No data
Cap Rate
Listed Jan 18th, 2021
Rozelle-Annesdale, Depot Planning District, Shelby
$49,400
For Sale
Land, Updated 1 week ago
$142 / mo
Expenses
No data
Cap Rate
Bedrooms: 0 to -1
Glenview, Depot Planning District, Shelby
$34,900
For Sale
Land, Updated 1 week ago
$57 / mo
Expenses
No data
Cap Rate
Bedrooms: 0 to -1
Glenview, Depot Planning District, Shelby
$34,900
For Sale
Land, Updated 1 week ago
$61 / mo
Expenses
No data
Cap Rate
Bedrooms: 0 to -1
Glenview, Depot Planning District, Shelby
$34,900
For Sale
Land, Updated 1 week ago
$66 / mo
Expenses
No data
Cap Rate
Bedrooms: 0 to -1
Glenview, Depot Planning District, Shelby
$34,900
For Sale
Land, Updated 1 week ago
$61 / mo
Expenses
No data
Cap Rate
Bedrooms: 0 to -1
Glenview, Depot Planning District, Shelby
$34,900
For Sale
Land, Updated 1 week ago
$108 / mo
Expenses
No data
Cap Rate
Bedrooms: 0 to -1
Kendale, Depot Planning District, Shelby
$34,900
For Sale
Land, Updated 1 week ago
$83 / mo
Expenses
No data
Cap Rate
Bedrooms: 0 to -1
Kendale, Depot Planning District, Shelby
$34,900
For Sale
Land, Updated 1 week ago
$130 / mo
Expenses
No data
Cap Rate
Bedrooms: 0 to -1
Binghampton-Lester, Jackson - University Area, Shelby
$10,000
For Sale
Land, Updated 2 weeks ago
$89 / mo
Expenses
No data
Cap Rate
Binghampton-Lester, Jackson - University Area, Shelby
$299,000
For Sale
4
Bed
1
Bath
Townhouse, Updated 11 weeks ago
$89 / mo
Expenses
No data
Cap Rate
Back on Market
Binghampton-Lester, Jackson - University Area, Shelby
$150,000
For Sale
Land, Updated 11 weeks ago
$168 / mo
Expenses
No data
Cap Rate
Bedrooms: 0 to -1
Binghampton-Lester, Jackson - University Area, Shelby
$150,000
For Sale
2
Bed
1
Bath
Townhouse, Updated 11 weeks ago
$162 / mo
Expenses
No data
Cap Rate
Back on Market
Orange Mound Civic Orgganization, Depot Planning District, Shelby
$59,500
For Sale
1
Bed
1
Bath
House, Updated 11 weeks ago
$53 / mo
Expenses
No data
Cap Rate
Price dropped $5,400
Orange Mound Civic Orgganization, Depot Planning District, Shelby
$59,500
For Sale
1
Bed
1
Bath
House, Updated 11 weeks ago
$53 / mo
Expenses
No data
Cap Rate
Price dropped $5,400
Downtown Memphis, Shelby
$547,275
For Sale
3
Bed
3.5
Bath
Townhouse, Updated 11 weeks ago
$9,913 / mo
Expenses
No data
Cap Rate
Back on Market
Frayser - Raleigh PD, Shelby
$5,000
For Sale
Land, Updated 11 weeks ago
$84 / mo
Expenses
No data
Cap Rate
Back on Market
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United States   ›   Tennessee   ›   Memphis
Largest Recent Price Drops
8 SHADY -$30,000 (-24.0%)
4401 MACON -$15,000 (-13.6%)
417 E OLIVE -$7,000 (-13.1%)
2901 NATHAN -$9,000 (-12.9%)
1683 JACKSON -$23,000 (-11.6%)
Memphis currently has 454 residential homes for sale on the market. The median list price is $99,450 or $105 / ft². These listings range from $55,000 in the lower quartile to $253,750 in the upper quartile. The average home currently for sale in Memphis is around 68 years old and 0 ft². There are currently 23 studio, 22 one-bedroom, 117 two-bedroom, 189 three-bedroom, and 103 four+ bedroom listings for sale.
A more detailed breakdown of sizes and prices is below:
Median
Bedrooms Price Price / ft²
Studio $115,000 $0
1 BR $91,200 $0
2 BR $64,900 $0
3 BR $74,900 $105
4+ BR $360,000 $0

Out of the 454 listings that are currently on the market, there are 33 condos, 337 houses, 57 townhouses, and 27 multifamilies. Our real-time inventory refreshes every hour, so that you see the best new inventory available on the market.

This search area is located within Shelby County, Tennessee. Shelby County, Tennessee has 936,990 residents in 349,956 households. The median age of this county is 35.1 with a majority of inhabitants unmarried. At least 56.19% of those living in this county currently own their homes. Roughly 8.75% of population here speak a language other than English at home.

The median income in this county is $46,854, with an employment rate of 58.9%. It tends to take those living in Shelby County, Tennessee an average of 22.8 minutes to get to work, with a majority commuting by car. Out of the total population of those 25 and older, 11.48% have a master’s or above, 18.69% have a bachelor’s, and 26.75% have a high school degree.

More broadly, Shelby County, Tennessee is a part of the Memphis, TN - MS - AR Urban Area. The Memphis, TN - MS - AR Urban Area has around 1,074,615 residents, or 400,028 households with a median age of 34.8. Residents in this urban area have a median income of $47,101 and a home ownership rate of 56.72%.

Searching on Zillow Memphis, Trulia, or Realtor.com? RealtyHop has the most comprehensive mortgage and property record data to help you make the best buying decision.

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Tax Year: 2018
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