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Featured local agent — Shelby, IA
Sarah Mitchell
Compass Real Estate · Shelby, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shelby, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$12,500median sale price
How is the Shelby, IA housing market right now?
The median home sale price in Shelby, IA is $12,500, down 94.2% year-over-year. Homes sell in an average of 43 days. The market is currently a leaning buyer's. (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, IA is currently a leaning buyer's and homes selling in about 43 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
43
Average pace
Active listings
—
Sale-to-list
71.4%
Below asking
What does the Shelby housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $12,500 |
| Year-over-year price change | -94.2% |
| Average days on market | 43 days |
| Sale-to-list price ratio | 71.4% |
| Homes sold (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Shelby by property type?
How the Shelby, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $12,500 | — | 1 | 43 days |
Source: Redfin · Updated monthly
The Shelby housing market is currently classified as a leaning buyer's with a median sale price of $12,500. Prices have fallen 94.2% compared to last year, with homes spending an average of 43 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Shelby
Explore homes currently listed for sale in Shelby, Iowa across major real estate platforms.
Who lives in Shelby?
Population
797
Median income
$60,333/yr
Median age
34.4 years
Owner-occupied
64.6%
College grads
12.4%
Avg commute
30.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Shelby?
Zillow home value
$238,447
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Shelby?
Shelby is a community of approximately 1K residents with a median age of 34.4 years.The median household income is $60,333, which represents a working-class community with solid middle-income opportunities. 12.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.6%, showing a blend of owner and renter-occupied properties. The average commute time is 30.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Shelby offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Shelby, IA?
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 $12,500, down 94.2% from last year.
How long do homes stay on market in Shelby?
Homes typically spend 43 days on market before going under contract.
What is the median income in Shelby?
The median household income is $60,333 per year.
What is the Zillow home value estimate for Shelby?
The Zillow Home Value Index (ZHVI) for Shelby is $238,447, representing the typical home value in the area.
How much does a single-family home cost in Shelby?
The median single-family home price in Shelby, IA is $12,500.
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