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Featured local agent — Shelby, IN
Sarah Mitchell
Compass Real Estate · Shelby, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shelby, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$207,998median sale price
How is the Shelby, IN housing market right now?
The median home sale price in Shelby, IN is $207,998. Homes sell in an average of 313 days with 4 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Shelby a buyer's or seller's market?
Shelby, IN is currently a balanced market, based on 2.0 months of supply and homes selling in about 313 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
313
Average pace
Active listings
4
2.0 months supply
Sale-to-list
98.6%
Below asking
What does the Shelby housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $207,998 |
| Median list price | $280,050 |
| Average days on market | 313 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $138/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Listings with a price cut | 50.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Shelby by property type?
How the Shelby, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $136,000 | $103/sq ft | 1 | 533 days |
| Townhouse | $279,995 | $173/sq ft | 1 | 92 days |
Source: Redfin · Updated monthly
The Shelby housing market is currently classified as a balanced market with a median sale price of $207,998. Prices have fallen 0.0% compared to last year, with homes spending an average of 313 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Shelby
There are currently 4 homes listed for sale in Shelby, Indiana. The median listing price is $280K.
Active listings
4
Homes on market
Median list price
$280K
Avg. days on market
313
Days until sale
New this week
2
Newly listed
Who lives in Shelby?
Population
259
Median income
$54,500/yr
Median age
65.6 years
Owner-occupied
88.2%
Source: U.S. Census Bureau ACS
What is it like to live in Shelby?
Shelby is a community of approximately 0K residents with a median age of 65.6 years.The median household income is $54,500, which represents a working-class community with solid middle-income opportunities.0
Homeownership rates are at 88.2%, reflecting strong community stability and long-term resident commitment.Overall, Shelby offers a distinctive character that appeals to different lifestyle preferences.
Which cities are near Shelby, IN?
Want a head-to-head view? Compare Shelby side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Shelby?
The median home sale price in Shelby is $207,998, down 0.0% from last year.
How long do homes stay on market in Shelby?
Homes typically spend 313 days on market before going under contract.
What is the median income in Shelby?
The median household income is $54,500 per year.
Is Shelby a buyer's or seller's market?
With 2.0 months of supply, Shelby is currently a balanced market.
How much does a single-family home cost in Shelby?
The median single-family home price in Shelby, IN is $136,000 (about $103 per square foot).
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