Homes for Sale Under 400K in Shelby, AL

1,539 Homes

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Shelby, AL Housing Market Overview

Shelby's housing market is evenly balanced between buyers and sellers. This creates fair negotiating conditions for both parties. With a 3.4-month supply of homes and properties spending 49 days on the market on average, both buyers and sellers have equal opportunity to achieve favorable outcomes.

Status

Balanced Market

Days on Market

49

Inventory

1,539

Jul 2021Apr 2024Jun 2026

Median Home Price

$59,450Down 86.49%

In Jun 2026 · YoY

Jul 2021Apr 2024Jun 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Supply

Homes For Sale
1,539 Up 142.86%
Newly Listed Homes
4 Down 0.00%
Months of Supply
3.4 Up 45.71%

Demand

Homes Sold
10 Up 66.67%
Sale-to-List Ratio
98.1% Up 7.60%
Homes Sold Above List
0% Down 0.00%

30-yr fixed rate 6.23% · Data as of Jun 2026 · Source: Houzeo Research.

View Full Shelby Market Report
  • mls-img
    Based on information from the Greater Alabama MLS through Aug 30, 2026, 2:45 AM. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2024 Greater Alabama MLS, Inc. All rights reserved.

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Shelby, AL Housing Marketlink qauare
Homes Available icon

1,539

Homes Available

Median List Price icon

$ 59,450

Median List Price

Avg on Market icon

49 Days

Avg on Market

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