What the Pros Know
Market Snapshot
Zip Code 38114 | Shelby County, TN
22,112
Population
YoY
202241.4
Median Age
YoY
2022$29,492
Median Household Income
YoY
2022$74,750
Median Sale Price
5.7% MoM
3.5% YoY
6/202548
Homes Sold
4.3% MoM
2.1% YoY
6/20252.0
Months Inventory
10.7% MoM
27.7% YoY
6/202550
Days on Market
3 MoM
13 YoY
6/202596
Listings
6.8% MoM
7.9% YoY
6/202562
Price per Sq Ft
17.7% MoM
6.5% YoY
6/2025
See 38114 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.