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Foreclosure Homes in Gallaway, TN

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Gallaway, TN Foreclosures

Current Market Conditions in in Gallaway, TN As of February 2026?
Over the past month, Gallaway's real estate market has shown signs of stability with slight price increases in home listings. Inventory remains moderately low, leading to competitive bidding on desirable properties. As such, buyers are advised to act quickly when they find a home that meets their needs, as multiple offers have become more common.
How much do homes sell for in Gallaway, TN?
The average home price is currently $194,845.
In Gallaway, TN, how many homes are available?
There are currently 136 active home listings available in Gallaway.
What’s the average rental cost in Gallaway, TN?
The average rental price in Gallaway is $1,265.
What is the most expensive home in Gallaway?
The most expensive home sold in Gallaway had a price of $1,516,846.
What is currently the cheapest priced home in Gallaway, TN?
The cheapest home for sale in Gallaway is priced at $12,669.

Living in Gallaway, TN

Gallaway, TN, is a charming small town that offers a blend of rural living with easy access to the larger city of Memphis. Residents benefit from strong community ties, good schools, and recreational opportunities in the outdoors. The area is ideal for families and individuals seeking a quiet lifestyle close to urban conveniences.

Buyer vs Seller Market in Gallaway, TN

The real estate market in Gallaway, TN is currently experiencing a steady increase in demand, driven by the affordability of homes compared to nearby urban areas. This trend is attracting first-time homebuyers and families looking for a more spacious living environment.

Homes in Gallaway are selling relatively quickly, indicating that buyers are keen on securing properties before prices escalate further. The market has seen a blend of both traditional and newer builds, providing diverse options for prospective buyers.

Home Value Estimator For Gallaway, TN

There are currently 112 real estate properties in Gallaway, TN, with a median automated valuation model (AVM) price of $95,610.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gallaway, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Gallaway, TN, is $194,845.00, with the most expensive house in Gallaway, TN, topping out at $1,516,846.00 and the cheapest home in Gallaway, TN, clocking in at $12,669.00. In other words, there’s something for every potential homebuyer or savvy investor in Gallaway, TN!

Rent Prices In Gallaway, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gallaway, TN, is on a rollercoaster ride. The average rent price in Gallaway, TN, is $1,265.00. Indeed, when looking to rent in Gallaway, TN, you can expect to pay as little as $730.00 or as much as $2,880.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in Gallaway, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Gallaway, TN Foreclosures

Market Trend for Gallaway, TN

Total Listings Available: 136

Market Values:

Home Prices from $12,669 to $1,516,846

Average Sales Price: $194,845

Rental Values:

Rental from $730 to $2,880

Average Rent Value: $1,265 / month

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