New - 31 minutes on Rocket
$4,596 Closing Credit¹
Listing Office: Woodyard Realty Corp
Shelby County Housing Market Report December 2024•Shelby County, Tennessee
Housing Prices in Shelby County, TN
How much do homes in Shelby County, TN cost?
Housing Market Conditions
Is Shelby County, TN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Shelby County is a Neutral Market
Difference Since November 2024
Last month, Shelby County was a Seller's Market.
Insight
Shelby County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$249,983$139/SqFt
-$1,536
-0.6%
Based on all homes sold in December 2024
Insight
Homes in Shelby County have sold for 0.6% less than they did a month ago.
Summary: The median home sold price in Shelby County was $249,983 in December 2024, down 0.6% from last month, and the median price per square foot was $139.
Median Sold Price By City
| City | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| Tipton County | $285K | $332K | +16.5% |
| Shelby County | $251.5K | $249.9K | -0.6% |
| Fayette County | $367.5K | $335K | -8.8% |
| DeSoto County | $403.5K | $329.9K | -18.2% |
Median Sold Price By Bedrooms
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | $99K | $95K | -4.0% |
| 22 Bedrooms | $131K | $136K | +3.7% |
| 33 Bedrooms | $200.6K | $208K | +3.7% |
| 44 Bedrooms | $384.9K | $348.4K | -9.5% |
| 55+ Bedrooms | $517.5K | $496.2K | -4.1% |
Summary: Shelby County housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes decreased by -4.0%. The home price for 2 bedroom homes increased by +3.7%. The home price for 3 bedroom homes increased by +3.7%. The home price for 4 bedroom homes decreased by -9.5%. The home price for 5 bedroom homes decreased by -4.1%.
Housing supply in Shelby County, TN
How many homes are available in Shelby County, TN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3,854Last MonthDec 2024 | ||
| 3,8692 months agoNov 2024 | -0.4 % Change MoMNov – Dec |
Summary: The Shelby County real estate market had 3,854 homes for sale in Dec 2024, a 0.4 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 587Last MonthDec 2024 | ||
| 6812 months agoNov 2024 | -13.8 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 54 | 58 | +7.4% |
| 22 Bedrooms | 495 | 495 | 0.0% |
| 33 Bedrooms | 1,702 | 1,666 | -2.1% |
| 44 Bedrooms | 1,115 | 1,142 | +2.4% |
| 55+ Bedrooms | 503 | 493 | -2.0% |
Summary: Shelby County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +7.4%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -2.1%. The inventory for 4 bedroom homes increased by +2.4%. The inventory for 5 bedroom homes decreased by -2.0%.
Asking Price vs. Sold Price
How much do homes in Shelby County, TN cost?
Over Asking Price89 Homes
At Asking Price162 Homes
Under Asking Price334 Homes
Insight
If you're buying a home in Shelby County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 587 homes were sold or pending in Shelby County in December 2024, down by 13.8% month-over-month. Of the 585 sold homes, 57% were sold under asking, 28% were sold at asking, and and 15% were sold over asking.
Days on Market for Shelby County, TN
How long does it take to sell a home in Shelby County, TN?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Shelby County has remained consistent over time.
Summary: During December 2024, 587 homes were sold in Shelby County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 67 DaysLast MonthDec 2024 | ||
| 0 Days1 month agoNov 2024 | 0.0 % Change MoMNov – Dec |
Summary: Homes in Shelby County had an average listing age of 67 days in Dec 2024, down by .0% compared to the previous month.
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Newest Listings in Shelby County, TN
What homes are available in Shelby County, TN?
New - 31 minutes on Rocket
$5,795 Closing Credit¹
Listing Office: Woodyard Realty Corp
New - 1 hour on Rocket
$831 Closing Credit¹
Listing Office: Fast Track Realty, LLC
New - 2 hours on Rocket
$713 Closing Credit¹
Listing Office: Fast Track Realty, LLC
New - 2 hours on Rocket
$772 Closing Credit¹
Listing Office: Fast Track Realty, LLC
New - 2 hours on Rocket
$5,908 Closing Credit¹
Listing Office: Crye-Leike, Inc., REALTORS
New - 2 hours on Rocket
Listing Office: Harris Realty Services
New - 2 hours on Rocket
$4,155 Closing Credit¹
Listing Office: Keller Williams
New - 3 hours on Rocket
$819 Closing Credit¹
Listing Office: Fast Track Realty, LLC
New - 3 hours on RocketVideo tour
$4,382 Closing Credit¹
Listing Office: Crye-Leike, Inc., REALTORS
New - 3 hours on Rocket
$2,375 Closing Credit¹
Listing Office: eXp Realty, LLC
New - 3 hours on Rocket
$2,363 Closing Credit¹
Listing Office: Southeast Investors, LLC
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MLS Disclaimers and Copyright
Based on information from Memphis MLS, RealTracs Middle Tennessee Regional MLS, Houston REALTORS® Information Service, MLS United, and East Tennessee REALTORS® MLS for the period 11/01/2024 - 01/01/2025
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
© 2025 of the REALTRACS MLS. All rights Reserved. The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:18:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. Copyright© 2025 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 1/29/2025, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is deemed to be reliable but not guaranteed. Copyright 2025, MLS United, LLC.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.