New Construction Homes in Memphis, TN

Downtown Memphis, Shelby
$549,775
For Sale
3
Bed
3.5
Bath
Townhouse, Listed Aug 6th, 2020
$1,260 / mo
Expenses
No data
Cap Rate
Listed Aug 6th, 2020
$599,000
For Sale
4
Bed
3.5
Bath
House, Listed Aug 4th, 2020
$2,218 / mo
Expenses
No data
Cap Rate
Listed Aug 4th, 2020
$740,500
For Sale
5
Bed
4
Bath
House, Updated 1 week ago
$2,720 / mo
Expenses
No data
Cap Rate
Price dropped $19,000
Westhaven, Mc Kellar - Whitehaven-Levi PD, Shelby
$73,000
For Sale
3
Bed
1
Bath
House, Updated 2 weeks ago
$622 / mo
Expenses
No data
Cap Rate
Price dropped $2,000
$875,000
For Sale
5
Bed
4.5
Bath
House, Listed Jul 13th, 2020
No data
Expenses
No data
Cap Rate
Listed Jul 13th, 2020
Binghampton-Lester, Jackson - University Area, Shelby
$399,000
For Sale
6
Bed
3.5
Bath
House, Listed Jun 4th, 2020
$468 / mo
Expenses
No data
Cap Rate
Listed Jun 4th, 2020
Alta Vista, Frayser - Raleigh PD, Shelby
$88,000
For Sale
3
Bed
2
Bath
House, Listed Jul 2nd, 2020
$88 / mo
Expenses
No data
Cap Rate
Listed Jul 2nd, 2020
Alta Vista, Frayser - Raleigh PD, Shelby
$88,000
For Sale
3
Bed
2
Bath
House, Listed Jul 2nd, 2020
$88 / mo
Expenses
No data
Cap Rate
Listed Jul 2nd, 2020
$1,985,000
For Sale
4
Bed
6.5
Bath
House, Updated 6 weeks ago
No data
Expenses
No data
Cap Rate
Listed Jun 19th, 2020
South Memphis Planning Dist, Shelby
$66,700
For Sale
Land, Updated 8 weeks ago
$50 / mo
Expenses
No data
Cap Rate
Bedrooms: 0 to -1
Orange Mound Civic Orgganization, Depot Planning District, Shelby
$64,900
For Sale
1
Bed
1
Bath
House, Updated 21 weeks ago
$53 / mo
Expenses
No data
Cap Rate
Listed Feb 7th, 2020
Orange Mound Civic Orgganization, Depot Planning District, Shelby
$64,900
For Sale
1
Bed
1
Bath
House, Updated 21 weeks ago
$53 / mo
Expenses
No data
Cap Rate
Listed Feb 7th, 2020
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United States   ›   Tennessee   ›   Memphis
Largest Recent Price Drops
5610 APPLE BLOSSOM DR -$16,000 (-18.1%)
1374 QUINN -$2,500 (-15.2%)
768 RICHMOND -$2,000 (-10.1%)
7553 MEMPHIS-ARLINGTON -$30,000 (-10.0%)
2189 GAYLE -$4,900 (-9.8%)
Memphis currently has 565 residential homes for sale on the market. The median list price is $91,500 or $144 / ft². These listings range from $55,000 in the lower quartile to $339,900 in the upper quartile. The average home currently for sale in Memphis is around 63 years old and 0 ft². There are currently 19 studio, 18 one-bedroom, 104 two-bedroom, 261 three-bedroom, and 163 four+ bedroom listings for sale.
A more detailed breakdown of sizes and prices is below:
Median
Bedrooms Price Price / ft²
Studio $110,000 $0
1 BR $97,000 $0
2 BR $53,450 $0
3 BR $74,000 $144
4+ BR $379,000 $0

Out of the 565 listings that are currently on the market, there are 22 condos, 456 houses, 52 townhouses, and 35 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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