42Alpha

Shelby County, TN Housing Market Brief

county · TN · as of May 2026

Balanced

What is Shelby County, TN’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
-8.033
Inventory Health25%
+3.036
Affordability20%
21
Economic Strength20%
+0.664
Rental Yield15%
62

Where is Shelby County, TN in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Shelby County, TN is classified as Matureholding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.

Shelby County, TN housing market data

MetricValueYoY
Median Sale Price$290K▲ +2.1%
Median Days on Market33 days▲ +13.8%
Months of Supply4.4▲ +22.2%
Homes for Sale3,539▲ +10%
Homes Sold813-10.1%
Median Price / Sq Ft$149-2.4%
Sale-to-List Ratio97.2%▲ +0.5%

How has Shelby County, TN’s Alpha Score moved?

Now: 42
3-period trend
Median sale price · 12 mo

Markets like Shelby County, TN

Frequently asked questions

Is Shelby County, TN a buyer's or seller's market?

As of May 2026, Shelby County, TN is classified as a Balanced Market, based on its Alpha Score of 42 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Shelby County, TN?

The median sale price in Shelby County, TN is $290K, having risen 2.1% over the past year.

How affordable is Shelby County, TN?

Shelby County, TN scores 21 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Shelby County, TN's Alpha Score?

Shelby County, TN's strongest dimension is Economic Strength (64/100) and its weakest is Affordability (21/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Shelby County, TN? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.