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Sarah Mitchell
Compass Real Estate · Shelby, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shelby, AL Housing Market
The typical home in Shelby, AL is worth $323,839, rose 3.1% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $120,000 (through May 2026). With 2.0 months of supply and homes going under contract in about 17 days, Shelby is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $323,839 home is about $1,665/mo in principal and interest.
Key numbers for Shelby, AL
Typical home value
$323,839
+3.1% in 12 months
Zillow, July 2026
Median sale price
$120,000
Last published period
Redfin, through May 2026
Days on market
17
Fast-moving
Redfin, through May 2026
Active listings
2
2.0 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Sale-to-list ratio
88.9%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Shelby a buyer's or seller's market?
Shelby, AL is a balanced market, based on 2.0 months of supply and homes selling in about 17 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Shelby housing market data show?
Every row below is Redfin's final published month for Shelby, AL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $120,000 |
| Median price per sq ft | $107/sq ft |
| Median days on market | 17 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 88.9% |
| Homes sold (that month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Shelby is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Shelby is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Shelby home prices moved?
Across the 28 months we hold for Shelby, AL, the median sale price fell 63.9%, from $332,500 in May 2021 to $120,000. The live Zillow value series has rose 3.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 50.0% of Shelby listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 88.9%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Shelby?
Priced off the typical home value of $323,839 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $64,768 | $259,071 | $1,665/mo |
| 5% | $16,192 | $307,647 | $1,977/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,665, that implies roughly $71,351 a year before you add taxes and insurance. We do not hold a Census income figure for Shelby, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Shelby in the next 12 months?
Tell us your timeline. We send the Shelby market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Shelby?
Zillow does not publish a rent index (ZORI) for Shelby, AL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Shelby?
Active listings in Shelby, AL went from 1 in September 2022 to 2 in May 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| October 2022 | 1 | 1 |
| September 2023 | 4 | 1 |
| October 2023 | 2 | 1 |
| December 2023 | 1 | not published |
| August 2024 | 1 | 1 |
| November 2024 | 1 | not published |
| August 2025 | 3 | 2 |
| October 2025 | 2 | not published |
| November 2025 | 2 | not published |
| December 2025 | 1 | not published |
| March 2026 | 2 | 2 |
| May 2026 | 2 | not published |
Redfin, through May 2026
How does Shelby compare to Alabama and the U.S.?
Shelby homes sell for $120,000 — 62% below the Alabama median of $312,600. Against the national median of $410,700, Shelby runs 71% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Shelby, AL | $120,000 | not published | 17 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Shelby
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 50.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $312 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $323,839 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Shelby listing goes under contract in 17 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 88.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +3.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Shelby varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Shelby
There are currently 2 homes listed for sale in Shelby, Alabama.
Active listings
2
Homes on market
Avg. days on market
17
Days until sale
How much do homes cost in Shelby by property type?
How the Shelby, AL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $120,000 | $107/sq ft | 1 | 17 days |
| Townhouse | $140,000 | $95/sq ft | 1 | 24 days |
Who lives in Shelby?
American Community Survey estimates for Shelby. U.S. Census ACS, 2023
Population
691
Households
315
Median age
58 years
Owner-occupied
92.4%
Median home value
$95,200
Mean commute
25.6 min
92.4% of occupied homes in Shelby are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $95,200 against Zillow's $323,839 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Shelby?
1 schools tracked · 239 students
The largest public schools serving Shelby, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Shelby Elementary School
Grades PK-5 · 239 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Shelby, AL?
Ordered by distance from Shelby, not by size. Compare Shelby side by side with any of them.
Shelby housing market FAQ
Is Shelby a buyer's or seller's market?
Shelby, AL is currently a balanced market. That read comes from 2.0 months of supply, homes going under contract in about 17 days, and sellers getting 88.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Shelby?
The typical home in Shelby, AL is worth $323,839 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $120,000, about $107 per square foot.
Is Shelby cheaper than the rest of Alabama?
Shelby's median sale price of $120,000 is 62% lower than the Alabama statewide median of $312,600, and 71% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Shelby?
Homes in Shelby, AL spent a median of 17 days on market before going under contract, versus 57 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Shelby?
At the current 30-year fixed rate of 6.66%, 20% down on a $323,839 home is about $1,665 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $71,351 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Shelby?
The typical home value in Shelby, AL rose 3.1% over the last 12 months, from $314,052 to $323,839 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Shelby?
Shelby ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Shelby?
That depends on your timeline, not on a headline. What the data says today: Shelby, AL is a balanced market with 2.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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