Why Live in Colonial Acres
Colonial Acres in Memphis is a neighborhood known for its diverse home styles, including 1950s and '60s ranch-style houses, modern Colonial Revivals, and newer traditional homes, as well as Tudor-style townhouses and condominiums. The ranch-style homes often feature built-in garages or carports and range from 1,000 to 3,600 square feet. Newer homes vary from 1,600 to 4,000 square feet. Local condominium communities, such as The Monarch, offer amenities like a gym, swimming pool, and pickleball courts. Residents enjoy several parks, including Sea Isle Park with its disc golf course, dog park, and playground, and Marquette Park, which features picnic tables, a rental pavilion, and a walking trail. Shopping is convenient with Eastgate Shopping Center nearby, housing retailers like Burlington Coat Factory, Michael's, and T.J. Maxx, as well as grocery stores like The Fresh Market and Kroger. Local dining favorites include Gibson's Donuts and Patrick's, while Neil's Music Room provides dinner and live music. Annual events at Sea Isle Park, such as the Sea Isle Park 5K and the Fourth of July Parade, foster community spirit. Residents primarily rely on cars for transportation, with Interstate 240 providing a 15-mile drive to downtown Memphis, and the Memphis International Airport located 8 miles away. Public transportation is available via the Memphis Area Transit Authority's Park Avenue bus line.
Home Trends in Colonial Acres, TN
On average, homes in Colonial Acres, Memphis sell after 56 days on the market compared to the national average of 51 days. The median sale price for homes in Colonial Acres, Memphis over the last 12 months is $229,700, down 4% from the median home sale price over the previous 12 months.
Median Sale Price
$229,700
Median Single Family Sale Price
$245,000
Median Townhouse Sale Price
$205,700
Median 2 Bedroom Sale Price
$169,450
Median 1 Bedroom Sale Price
$250,000
Average Price Per Sq Ft
$166
Number of Homes for Sale
95
Last 12 months Home Sales
336
Median List Price
$255,500
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-4%