What the Pros Know
Market Snapshot
Zip Code 38116 | Shelby County, TN
40,212
Population
YoY
202234.9
Median Age
YoY
2022$42,354
Median Household Income
YoY
2022$150,000
Median Sale Price
9.0% MoM
3.2% YoY
7/202454
Homes Sold
10.2% MoM
1.9% YoY
7/20240.8
Months Inventory
19.9% MoM
2.7% YoY
7/202431
Days on Market
500 MoM
550 YoY
7/202445
Listings
13.5% MoM
7.1% YoY
7/202493.2%
Sale Price to List Price
1.1% MoM
2.5% YoY
7/2024
See 38116 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.