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County Overview

Shelby County, TN

Aggregate real estate market report across county ZIPs
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The Shelby County, TN real estate market currently shows 4,622 active listings, with 1,161 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has increased compared to last year, with 676 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 55 days on market compared to 53 days last year.

The median listing price has fallen 17.5% year-over-year, from $299,000 to $246,725.

Whether you are buying or selling in Shelby County, TN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 931,236  ·  Density: 856.0/mi²  ·  Median household income: $67,239

Typical home value: $196,980  ·  Homeownership: 56.1%

Included Areas

Memphis: 37501, 37544, 38103, 38105, 38106, 38107, 38108, 38109, 38111, 38113, 38117, 38119

Millington: 38053, 38054, 38055, 38083

Cordova: 38016, 38018, 38088

Germantown: 38138, 38139, 38183

Collierville: 38017, 38027

Midtown: 38104, 38112

Arlington: 38002

Brunswick: 38014

Ellendale: 38029

Downtown: 38101

Orange Mound: 38114

Hickory Hill: 38115

Whitehaven: 38116

Parkway Village: 38118

Area Map

Market Overview

Active Listings
4,622
⇧ 17.1% vs 3,946 last year
Pending
1,161
25% pending ratio
Median Price
$246,725
⇩ 17.5% vs $299,000 last year
Average Price
$332,852
⇩ 14.2% vs $387,748 last year
Days on Market
55
⇧ 3.8% vs 53 days last year

Price Per Square Foot

Median $/sqft
$145
⇩ 0.7% vs $146/sqft last year
Median Home Size
1,640 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.8%
Listings with no price change
Price Reduced
0.2%
⇩ 4.4% vs 0.2% last year
Price Increased
0%
⇩ 24.7%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %