Richland Acres, TN Housing Market

Homes for sale | City guide

The median sale price of a home in Richland Acres was $540K last month, down 44.7% since last year. The median sale price per square foot in Richland Acres is $206, up 27.2% since last year.

Trends
Demand
Schools
Climate

Richland Acres Housing Market Trends

What is the housing market like in Richland Acres today?

In December 2024, Richland Acres home prices were down 44.7% compared to last year, selling for a median price of $540K.

$540K

Sale Price

-44.7%
since last year

$206

Sale $/Sq. Ft.

+27.2%
since last year

Over List Price

0.8%

Days on Market

126

Down Payment

—

Total Homes Sold

To compare other locations to the Richland Acres and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Memphis add value to a home.

View houses in Richland Acres that sold recently

Recently sold homes

SOLD OCT 31, 2024
$469,000 Last Sold Price
3 beds
2.5 baths
—sq ft
5263 Southwood Dr, Memphis, TN 38120
List Price
$469,000
Sale to List
0% over list
Days on Market
34 days
5263 Southwood Dr, Memphis, TN 38120
SOLD OCT 31, 2024
$610,000 Last Sold Price
4 beds
2.5 baths
—sq ft
5253 Southwood Dr, Memphis, TN 38120
List Price
$600,000
Sale to List
2% over list
Days on Market
27 days
5253 Southwood Dr, Memphis, TN 38120
SOLD SEP 26, 2024
$975,000 Last Sold Price
5 beds
4.5 baths
—sq ft
5325 Normandy Rd, Memphis, TN 38120
List Price
$1,050,000
Sale to List
7% under list
Days on Market
52 days
5325 Normandy Rd, Memphis, TN 38120

Schools in Richland Acres

Learn about schools in the Richland Acres area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Richland Acres housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Richland Acres.

Wind Factor - Moderate

100% of properties are at moderate risk of a severe wind event over the next 30 years

Heat Factor - Major

98% of properties are at major risk of heat over the next 30 years

Provided by First Street Foundation

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