Why Live in Shady Grove
Shady Grove in East Memphis offers spacious suburban living with the convenience of city amenities. The neighborhood features large, well-maintained lots with homes in mid-century modern, ranch, and neo-colonial styles. Townhouses and condos, such as those in Chatham Village, provide contemporary living with amenities like fitness rooms and outdoor pools. Shady Grove is 15 miles from Downtown Memphis, with easy access to major thoroughfares like Poplar Avenue, Interstate 240, and Bill Morris Parkway. The area is rich in recreation, with Shelby Farms Park offering boating, biking, hiking, and playgrounds. High Point Climbing and Fitness provides indoor activities. Dining and shopping options abound along Poplar Avenue, including local favorites like Bog and Barley and several big box stores and supermarkets within 5 miles. The neighborhood is served by the Memphis Area Transit Authority, with bus stops along Poplar Avenue.
Home Trends in Shady Grove, TN
On average, homes in Shady Grove, Memphis sell after 86 days on the market compared to the national average of 70 days. The median sale price for homes in Shady Grove, Memphis over the last 12 months is $479,990, down 49% from the median home sale price over the previous 12 months.
Median Sale Price
$479,990
Median Single Family Sale Price
$407,500
Average Price Per Sq Ft
$272
Number of Homes for Sale
2
Last 12 months Home Sales
19
Median List Price
$439,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-49%