What the Pros Know
Market Snapshot
Zip Code 38118 | Shelby County, TN
39,373
Population
YoY
202228.8
Median Age
YoY
2022$41,830
Median Household Income
YoY
2022$123,500
Median Sale Price
8.5% MoM
7.9% YoY
6/202542
Homes Sold
2.4% MoM
41.7% YoY
6/20251.4
Months Inventory
13.2% MoM
184.8% YoY
6/202527
Days on Market
1 MoM
4 YoY
6/202558
Listings
16.0% MoM
16.0% YoY
6/2025103
Price per Sq Ft
0.1% MoM
3.7% YoY
6/2025
See 38118 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.