Shelby County, TN Home Values & Market Trends
The median home price in Shelby County, TN is $221,600.3. There were 14,784 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 $191,943.969. The number of current listings in Shelby County, TN is 295, and the percentage of properties for sale is 54.23%. The county has 249 foreclosures, 55 bank owned properties, 194 headed for auction, and 295 properties for sale.
Housing Market Summary for Shelby County, TN
| May 2022 | May 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $249.4K | $195.4K | -21.68% |
| Median Sold Price | $201.3K | $195.4K | -2.96% |
| Homes For Sale | 922 | 1,108 | 20.17% |
| Homes Sold | 10,089 | 7,352 | -27.13% |
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 $18,600 to $11,185,271. Eads is the priciest city with a median listing home price of $770,000, and Memphis is most affordable with average house prices of around $165,000.
- 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 9 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 $848,364 in Collierville to the lowest value of $24,609 in Memphis. Bank owned homes and properties account for 0.02% of properties in Shelby County, TN. There are 9 cities within Shelby County, TN; Memphis containing 49 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsMemphis has 144 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 0.07% of all properties in Shelby County, TN. There are 9 cities within Shelby County, TN; of those cities, the median estimated home value for homes going to auction ranges from $1,238,408 in Germantown to the lowest value of $28,892 in Germantown.