What the Pros Know

910,042

Population

0.7% YoY

2023

34.3

Median Age

3.9% YoY

2022

$59,621

Median Household Income

8.4% YoY

2022

435,770

Labor Force

1% MoM

1% YoY

7/2024

413,940

Employed

1% MoM

1.2% YoY

7/2024

5.0%

Unemployment Rate

0% MoM

4.2% YoY

7/2024

$270,000

Median Sale Price

1.5% MoM

1.8% YoY

8/2024

810

Homes Sold

10.7% MoM

12.3% YoY

8/2024

2.9

Months Inventory

4.5% MoM

6.3% YoY

8/2024

48

Days on Market

6 MoM

10 YoY

8/2024

2,378

Listings

15.0% MoM

6.6% YoY

8/2024

96.2%

Sale Price to List Price

1.4% MoM

1.3% YoY

8/2024

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Cities included in Shelby County: Memphis, Bartlett, Collierville, Germantown, Arlington, Lakeland, Millington


Zip Codes included in Shelby County: [Click for zip code level data] 38002, 38016, 38017, 38018, 38029, 38053, 38054, 38103, 38104, 38105, 38106, 38107, 38108, 38109, 38111, 38112, 38113, 38114, 38115, 38116, 38117, 38118, 38119, 38120, 38122, 38125, 38126, 38127, 38128, 38131, 38132, 38133, 38134, 38135, 38138, 38139, 38141, 38152


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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