Reasons to Move to Shelby County, TN
Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Shelby County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Shelby County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.
What type of property to buy in Shelby County,
Our extensive database in Shelby County includes 363 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Shelby County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.
Pros and Cons of Living in Shelby County, TN
How do you know that living in—or moving to— Shelby County is the right choice for you? Perhaps you grew up in Shelby County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Shelby County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.
Here are some expert tips to consider when shopping for foreclosed homes for sale in Shelby County:
- Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
- Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
- Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
- Commute: What type of commute (car, plane, home office) suits your lifestyle?
Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Shelby County, .
Memphis, TN Foreclosures
Current Market Conditions in in Memphis, TN As of March 2026?
Over the past month, the Memphis real estate market has shown signs of stabilization. While prices remain high, there has been an influx of new listings that has led to a modest increase in inventory. This change is expected to allow potential buyers more variety and potentially lower prices as sellers adjust their selling strategies to remain competitive in the market.
How much do homes sell for in Memphis, TN?
The average home price is currently $247,394.
In Memphis, TN, how many homes are available?
There are currently 363 active home listings available in Memphis.
What’s the average rental cost in Memphis, TN?
The average rental price in Memphis is $1,177.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $99,377,884.
What is currently the cheapest priced home in Memphis, TN?
The cheapest home for sale in Memphis is priced at $10,004.
Living in Memphis, TN
Memphis is a vibrant city steeped in history, known for its music, culture, and culinary delights. With a unique blend of urban amenities and outdoor recreation opportunities, it offers something for everyone. From historic sites to a thriving arts scene, Memphis is an ideal place to call home.
Buyer vs Seller Market in Memphis, TN
The Memphis real estate market is currently experiencing a moderate growth rate, with home prices steadily increasing over the past year. The favorable market conditions attract both first-time homebuyers and real estate investors looking for opportunities in the evolving market.
In recent months, there has been a noticeable trend toward increased supply, which is helping to balance the market. Homes are taking slightly longer to sell than in the past, giving buyers more options and negotiating power.
Home Value Estimator For Memphis, TN
There are currently 214,243 real estate properties
in Memphis, TN,
with a median automated valuation model (AVM) price
of $154,535.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Memphis, 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 Memphis, TN,
is $247,394.00, with the most expensive house
in Memphis, TN, topping out
at $99,377,884.00 and the cheapest home
in Memphis, TN,
clocking in at $10,004.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Memphis, TN!
Rent Prices
In Memphis, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Memphis, TN, is on
a rollercoaster ride. The
average rent price in Memphis, TN,
is $1,177.00. Indeed, when looking to rent in
Memphis, TN, you can expect to pay as little
as $460.00 or as much
as $4,140.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Memphis, 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.
Learn more on Foreclosure homes
