Shelby County

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 2022May 2023Change
Median Listing Price$249.4K$195.4K-21.68%
Median Sold Price$201.3K$195.4K-2.96%
Homes For Sale9221,10820.17%
Homes Sold10,0897,352-27.13%
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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 $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.

Foreclosure
There are 9 cities within Shelby County, TN; within these cities, the median estimated home value for homes in foreclosure ranges from $1,238,408 in Memphis to the lowest value of $24,609 in Memphis. Foreclosure homes account for 0.00% of properties in Shelby County, TN with Memphis containing 193 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 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 Owned
    The 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.
  • Auctions
    Memphis 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.11% of residential properties in Shelby County, TN with Memphis containing 195 homes for sale, the highest number of listed properties in a single city. There are 9 cities within Shelby County, TN; homes for sale in those cities, have a range of median values from $4,200,275 in Eads to the lowest value of $23,205 in Memphis.
    Sold Homes
    The median value for recently sold homes ranges from $4,550,000 in Eads to the lowest price of $18,693 in Eads. There are 9 cities within Shelby County, TN. Memphis has 5236 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.73% of properties in Shelby County, TN.

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      Recently Listed Homes Shelby County, TN

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