MyMarketPulse (mymarketpulse.com) recently disclosed its August 2024 findings on the housing market conditions in Shelby County, Tennessee.
The Median Sale Price for properties in Shelby County was documented at $270,000 for August 2024. This price point is a downward move of 1.5% from the previous month and shows a 1.8% drop from the year before.
Sales of homes in the region saw 810 homes changing hands. This represents a decline of 10.7% from the month before and down 12.3% compared to the same month last year.
The median time homes spent on the market was 48 days, which is up 6 days compared to last month and an increase of 10 days over the previous year.
Currently, with a Market Pulse Score of 110, Shelby County’s real estate market appears to be experiencing an upturn.
For more information about the Shelby County, Tennessee market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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