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
City | Median Est. Value | City | Median 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 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $244.9K | $172.8K | -29.44% |
Median Sold Price | $192.1K | $172.8K | -10.04% |
Homes For Sale | 1,023 | 1,458 | 42.52% |
Homes Sold | 7,435 | 7,825 | 5.25% |
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 $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.
- 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 $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.
- 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 $937,280 in Eads to the lowest value of $26,956 in Eads.
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More Real Estate Resources for Shelby County, TN
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