MyMarketPulse (mymarketpulse.com) just released its analysis of the May 2024 market data for Shelby County, Tennessee.
For May 2024, the data showcases a Median Sale Price of $275,000 in Shelby County, a rise of 3.8% from the last month and a decrease 1.8% from the same period the previous year.
A total of 857 homes were sold in the region, indicating an increase of 1.8% from last month and a drop of 8.1% when compared with a year ago.
Furthermore, homes in Shelby County were on the market for an average of 40 days before selling, reflecting a decrease of 2 days days month-over-month and an increase of 6 days day year-over-year.
The Market Pulse Score for Shelby County comes in at 107, pointing to a rising trend within the local real estate market.
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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