Shelby County, TN Housing Market

$221,928

1.5% 1-yr

The average Shelby County, TN home value is $221,928, down 1.5% over the past year, and homes go to pending in around 24 days. (Updated on 5/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Shelby County Key Takeaways

Typical Home Values: $221,928

1-Year Value Change: -1.5%

(Data through May 31, 2026)

Shelby County Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 4,395 (May 31, 2026)

New Listings: 1,237 (May 31, 2026)

Median Sale to List Ratio: 0.983 (April 30, 2026)

Median Sale Price: $221,750 (April 30, 2026)

Median List Price: $238,267 (May 31, 2026)

Percent of Sales Over List Price: 15.2% (April 30, 2026)

Percent of Sales Under List Price: 61.3% (April 30, 2026)

Median Days to Pending: 24 (May 31, 2026)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Cities in Shelby County

NameMedian ZHVI
Bartlett$324,886
Memphis$147,579
Cordova$303,316
Germantown$489,666
Lakeland$452,086
Millington$241,551
Eads$693,757
Arlington$411,708
Collierville$511,863

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Shelby County Homes for Sale

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Shelby County Rental Market Trends

Average Rent: $1,395 (May 31, 2026)

National Average Rent: $1,951 (May 31, 2026)

Month-Over-Month Change: 0.7% (May 31, 2026)

Year-Over-Year Change: 0.8% (May 31, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.