865-999-SOLD (7653)     -     www.TNRealEstate.Auction

 Shelby County | TN

Housing Market Snapshot

• Median listing and sold home prices : ~$299,000—up approximately 5.5% month-over-month and relatively flat year-over-year.

• Average home values around $220,461, reflecting a slight 1.0% decline over the past year.

• Sale volume and days on market: About 885 homes sold in May; average listing-to-pending time ~20 days, while homes typically sell in around 27 days—down from 40 days the previous year.

Demographics & Economy

• County population: ~910,000 (2023), making it Tennessee’s largest by population.

• Median household income: ~$62,400; per capita income: ~$36,400; poverty rate: ~17.5% .

• Racial composition: About 52% African American, 41% White, 5.6% Hispanic/Latino, 2.3% Asian.

Lifestyle & Key Features

• Urban amenities: Home to the city of Memphis—rich in arts, culture, music, and major employers such as FedEx and the Port of Memphis.

• Parks & green spaces: Includes Shelby Farms Park (4,500 acres), Overton Park, Meeman-Shelby Forest State Park, and the Wolf River Greenway.

• Education: Served by Memphis–Shelby County Schools (222 schools, ~110,000 students) and several municipal systems like Collierville and Bartlett.

Why Buyers Choose Shelby County

• Price variety: From urban condos in Memphis to suburban homes in Germantown, Collierville, and Bartlett.

• Fast-moving market: Homes listed now frequently close within under 30 days—great for motivated buyers.

• Diverse living options: Ranging from city condos and single-family homes to riverfront estates and wooded acreage.

• Growth potential: Stable median pricing with pockets of strong appreciation, especially in suburbs and revitalized urban areas.