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Cheap Homes for Sale in Shelbyville, IN

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Shelbyville, IN Housing Market Overview

Shelbyville is moving fast, and is a seller's market. Just 2.5 months of supply and 37 days on the market mean less competition for buyers and more leverage for you.

Status

Seller's Market

Days on Market

37

Inventory

59

Sep 2021Mar 2024Mar 2026

Median Home Price

$238,800Up 0.10%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
59 Up 0.40%
Newly Listed Homes
19 Down 0.27%
Months of Supply
2.5 Up 1.10%

Housing Demand

Homes Sold
24 Down 0.00%
Sale-to-List Ratio
99.6% Up 3.41%
Homes Sold Above List
4.2% Down 5.83%

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

View Full Shelbyville Market Report
  • mls-img
    Based on information from MIBOR REALTOR® Association through Oct 1, 2026, 5:45 AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.
  • mls-imgIDX Logo
    IDX information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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Shelbyville, IN Housing Marketlink qauare
Homes Available icon

45

Homes Available

Median List Price icon

$ 238,800

Median List Price

Avg on Market icon

37 Days

Avg on Market

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