Why Live in Gray's Creek
Gray's Creek, located on the outskirts of Memphis, Tennessee, provides a rural living experience with the convenience of nearby city amenities. The neighborhood features large lots ranging from five to 20 acres and a variety of home styles, including traditional designs, ranch houses, modern log cabins, and Greek revivals. The area is primarily residential, with some commercial spots on the western side. Dining options like TJ Mulligans and YNOT Cigar Bar & Lounge are popular, while more extensive shopping and restaurants are about 15 to 20 minutes away in east Memphis. Outdoor activities are abundant, with Hinton Park offering a playground, soccer fields, and walking trails, and the Collierville Greenbelt providing miles of paved and natural pathways. The Spring Creek Ranch golf course, designed by Jack Nicklaus, is a notable feature for golf enthusiasts. Additionally, Gray's Creek has an equine community, with many residents enjoying horseback riding. The neighborhood's proximity to Interstate 269 allows for a convenient commute to downtown Memphis, approximately 30 miles away. The area is also known for its natural beauty, with small bodies of water scattered throughout and the Wolf River forming its southern boundary. This combination of rural charm and accessibility makes Gray's Creek a unique place to live.
Home Trends in Gray's Creek, TN
On average, homes in Gray's Creek, Memphis sell after 87 days on the market compared to the national average of 70 days. The median sale price for homes in Gray's Creek, Memphis over the last 12 months is $405,000, up 17% from the median home sale price over the previous 12 months.
Median Sale Price
$405,000
Median Single Family Sale Price
$460,000
Median Townhouse Sale Price
$285,000
Median 2 Bedroom Sale Price
$350,000
Median 1 Bedroom Sale Price
$109,500
Average Price Per Sq Ft
$269
Number of Homes for Sale
22
Last 12 months Home Sales
203
Median List Price
$459,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
17%