What the Pros Know
Market Snapshot
Zip Code 38016 | Shelby County, TN
46,394
Population
YoY
202234.2
Median Age
YoY
2022$72,749
Median Household Income
YoY
2022$299,900
Median Sale Price
0.0% MoM
1.5% YoY
6/2025113
Homes Sold
5.8% MoM
5.8% YoY
6/20251.1
Months Inventory
4.4% MoM
11.4% YoY
6/202528
Days on Market
3 MoM
14 YoY
6/2025119
Listings
1.7% MoM
1.7% YoY
6/2025144
Price per Sq Ft
2.6% MoM
0% YoY
6/2025
See 38016 on Zillow
1. Population Data from U.S. Census Bureau.
2. 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.