$298,869Average Value$139Average Price per Sq Ft11Homes For Sale
Shady Grove has a suburban vibe with nearby amenities
Shady Grove is a suburb straddling the border between Memphis and Germantown. The neighborhood has homes for just about any budget, ranging from apartment complexes to modest single-family homes to million-dollar mansions. But the area also offers highway access, plus a convenient shopping center. Buyers that want a quiet feel without sacrificing amenities often look toward Shady Grove.
Shady Grove offers vibrant night life options.
The Wolf River, an important regional waterway, flows north of Shady Grove.
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Home prices range from below the city median to over $1 million
The median sales price for homes in Shady Grove is about $230,000, higher than the median for Memphis as a whole, which is $200,000. “It’s mostly really nice higher-end houses,” says Frances Anderson, a Realtor and vice president with Crye-Leike Real Estate Services who has worked in Memphis for 25 years. “It’s definitely higher-end.” But you can find a wide selection of homes and home prices in Shady Grove. Modest townhouses, condos and ranch-style homes can sell between $100,000 and the mid-$200,000s. Larger French Country-style cottages and bi-level houses sell from the mid-$200,000s to the mid-$400,000s. A few scattered properties go for as much as $1 million to $1.5 million.
Shady Grove features quiet residential areas with a wide variety of lot sizes.
Many homes in Shady Grove are spacious.
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Local school options are in the Memphis-Shelby County Schools district
Shady Grove is in the Memphis-Shelby County Schools district. Oak Forest Elementary School is located within the neighborhood, walking distance from many homes. Most students attend their zoned schools. But the district also offers open enrollment, as well as applications for magnet schools. Otherwise, there are several private options nearby, including the top-rated Westminster Academy.
Hutchison School is an all girls private school serving students in the nearby area.
Houston High School is in nearby Germantown.
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Commuters use Bill Morris Parkway and I-240 to get downtown
Bill Morris Parkway runs along the edge of Shady Grove. The highway turns into Interstate 240 and heads to Downtown Memphis, 18 miles away. Rush hour can get tricky, especially where Bill Morris and I-240 meet. “It just depends on the time of the day,” Anderson says. “Early morning and evening time when people are getting off are normally pretty bad. Weekends are different, they’re okay, a little bit.” For work, people head downtown or toward Memphis International Airport. That’s where lots of FedEx’s jobs are, with the company headquartered in the city.
Shady Grove is located in East Memphis, roughly 20 minutes from downtown.
Shady Grove is supported by the Memphis Area Transit Authority, known as MATA.
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The Kirby Gate shopping center is a nearby amenity
People can head right across the street to the Kirby Gate to shop. Kroger is the community’s grocery store, while the Walgreens nearby has a pharmacy. The shopping center also has lots of dining options, including:
Los Cabos Mexican Bar and Grill for margaritas and tacos
Mayuri Indian Restaurant, which has a popular lunch buffet
Big Bill’s Bar-Be-Que, serving Memphis-style ribs
The area also has fast food spots like Wendy’s and Starbucks. There’s more shopping and dining options across Bill Morris Parkway or on Poplar Avenue.
Shady Grove features a wide array of dining options.
Stores like Target provide Shady Grove with essentials.
Shady Grove has a vibrant nightlife scene.
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Locals head to Shelby Farms Park for outdoor fun
Some of the communities within Shady Grove have their own recreation, like the pool and tennis courts at the Park at New Castle apartment complex. But most people head to Shelby Farms Park, 9 miles away. The park is one of the largest urban parks in the country and has tons to do. Visitors can go to several playgrounds, take a canoe onto the lake or even check out the park’s buffalo range. The park also hosts festivals for the community. “They have events there that we’ve attended,” Anderson says. “They have little picnics and little Oktoberfests and different things there. It’s a nice area.”
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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Our neighborhood is a stable, middle-class neighborhood. Folks (including children) walk our streets safely. Our trees and lawns are mature. Our neighborhood is safe, friendly, and beautiful.
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Shady Grove Demographics and Home Trends
On average, homes in Shady Grove, Memphis sell after 73 days on the market compared to the national average of 55 days. The median sale price for homes in Shady Grove, Memphis over the last 12 months is $262,500, up 12% from the median home sale price over the previous 12 months.
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