Shelby County, TN Home Values & Market Trends

The median home price in Shelby County, TN is $176,082.3. There were 13,686 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 $170,277.334. The number of current listings in Shelby County, TN is 1,470, and the percentage of properties for sale is 1470.00%. The county has 287 foreclosures, 44 bank owned properties, 243 headed for auction, and 1,470 properties for sale.

Shelby County, TN Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Memphis

$ 165,900

$ 120/sqft

Collierville

$ 453,558

$ 157/sqft

Cordova

$ 324,660

$ 123/sqft

Arlington

$ 436,491

$ 156/sqft

Germantown

$ 439,900

$ 140/sqft

Eads

$ 703,745

$ 213/sqft

Millington

$ 204,476

$ 126/sqft

Ellendale

$ --

$ --

Housing Market Summary for Shelby County, TN

Mar 2023February 2024Change
Median Listing Price$244.9K$172.8K-29.44%
Median Sold Price$192.1K$172.8K-10.04%
Homes For Sale1,0231,45842.52%
Homes Sold7,4357,8255.25%
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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%.

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Browse Homes in Shelby County, TN

Shelby County, TN home values range from $12,345 to $11,636,436. Eads is the priciest city with a median listing home price of $715,000, and Memphis is most affordable with average house prices of around $190,000.

Foreclosure
There are 8 cities within Shelby County, TN; within these cities, the median estimated home value for homes in foreclosure ranges from $417,043 in Memphis to the lowest value of $26,956 in Memphis. Foreclosure homes account for 0.00% of properties in Shelby County, TN with Memphis containing 210 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-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 Owned
    The median estimated home value of bank owned homes (REO properties) in Shelby County, TN ranges from the highest value of $203,994 in Germantown to the lowest value of $36,450 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 35 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Memphis 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 $937,280 in Eads to the lowest value of $26,956 in Eads.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.55% of residential properties in Shelby County, TN with Memphis containing 1023 homes for sale, the highest number of listed properties in a single city. There are 8 cities within Shelby County, TN; homes for sale in those cities, have a range of median values from $4,100,000 in Eads to the lowest value of $15,894 in Memphis.
    Sold Homes
    The median value for recently sold homes ranges from $4,047,623 in Germantown to the lowest price of $14,187 in Germantown. There are 8 cities within Shelby County, TN. Memphis has 5299 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.80% of properties in Shelby County, TN.

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      Guide for Shelby County, TN

      Tennessee
      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Home Buying Guides & Tips
      Tennessee Foreclosure Laws
      A Luxury Mansion
      Investing Strategies
      Winning A Luxury Real Estate Auctions: Key Tips
      California
      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
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      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Tennessee|posted 23 January 2024

      Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices

      Tennessee Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Tennessee Foreclosure Laws

      A Luxury Mansion
      Winning A Luxury Real Estate Auctions: Key Tips
      Investing Strategies|posted 1 March 2024

      A few quick tips to prepare you for selling a luxury home at auction

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.