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$184,900
Median Sale Price
0.0% MoM
30.9% YoY
6/202541
Homes Sold
13.9% MoM
35.9% YoY
6/20251.1
Months Inventory
3.4% MoM
3.1% YoY
6/202523
Days on Market
3 MoM
9 YoY
6/202544
Listings
10.0% MoM
13.7% YoY
6/2025107
Price per Sq Ft
18.8% MoM
7.6% YoY
6/2025
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.