Shelby County, TN Home Values & Market Trends
The median home price in Shelby County, TN is $191,126.31. There were 13,808 home sales in Shelby County, TN over the past 12 months. The median residential Shelby County, TN home value for transactions over the previous year is $168,059.07. The number of current listings in Shelby County, TN is 1,530, and the percentage of properties for sale is 1530.00%. The county has 285 foreclosures, 41 bank owned properties, 244 headed for auction, and 1,530 properties for sale.
Shelby County, TN Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Memphis | $ 183,369 $ 126/sqft | Millington | $ 239,900 $ 151/sqft |
| Cordova | $ 333,411 $ 134/sqft | Arlington | $ 439,900 $ 156/sqft |
| Germantown | $ 466,500 $ 155/sqft | Eads | $ 777,261 $ 206/sqft |
| Collierville | $ 428,797 $ 157/sqft | Ellendale | $ -- $ -- |
Housing Market Summary for Shelby County, TN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $251.5K | $167.1K | -33.53% |
| Median Sold Price | $196.5K | $167.1K | -14.93% |
| Homes For Sale | 1,123 | 1,521 | 35.44% |
| Homes Sold | 6,974 | 7,528 | 7.94% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Shelby County, TN
Browse Homes in Shelby County, TN
Shelby County, TN home values range from $13,616 to $13,648,379. Eads is the priciest city with a median listing home price of $779,950, and Memphis is most affordable with average house prices of around $199,900.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Shelby County, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 8 cities within Shelby County, TN; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Shelby County, TN ranges from the highest value of $320,000 in Collierville to the lowest value of $29,709 in Memphis. Bank owned homes and properties account for 0.02% of properties in Shelby County, TN. There are 8 cities within Shelby County, TN; Memphis containing 32 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsMemphis has 175 auction properties, the highest number of properties going to auction in a single city in the state of Shelby County, TN. Auction homes and other auction properties account for 0.09% of all properties in Shelby County, TN. There are 8 cities within Shelby County, TN; of those cities, the median estimated home value for homes going to auction ranges from $1,059,312 in Eads to the lowest value of $36,479 in Eads.
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Guide for Shelby County, TN
Birmingham, Alabama’s real estate market is showing a positive growth trend, with increasing average property values from March 2023 to February 2024.
The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices
