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Featured local agent — Shelbyville, KY
Sarah Mitchell
Compass Real Estate · Shelbyville, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shelbyville, KY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$317,500median sale price
How is the Shelbyville, KY housing market right now?
The median home sale price in Shelbyville, KY is $317,500, up 6.4% year-over-year. Homes sell in an average of 40 days with 65 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 Shelbyville a buyer's or seller's market?
Shelbyville, KY is currently a balanced market, based on 3.6 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
40
Average pace
Active listings
65
3.6 months supply
Sale-to-list
97.4%
Below asking
What does the Shelbyville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $317,500 |
| Median list price | $338,875 |
| Year-over-year price change | +6.4% |
| Average days on market | 40 days |
| Active inventory | 65 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $184/sq ft |
| Homes sold (latest month) | 18 |
| New listings (latest month) | 22 |
| Listings with a price cut | 32.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Shelbyville by property type?
How the Shelbyville, KY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $317,500 | $184/sq ft | 16 | 40 days |
| Condo / Co-op | $300,000 | $183/sq ft | 2 | 84 days |
| Townhouse | $298,500 | $180/sq ft | 1 | 182 days |
Source: Redfin · Updated monthly
The Shelbyville housing market is currently classified as a balanced market with a median sale price of $317,500. Prices have risen 6.4% compared to last year, with homes spending an average of 40 days on market, indicating 3.6 months of inventory.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 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Shelbyville
There are currently 65 homes listed for sale in Shelbyville, Kentucky. The median listing price is $339K.
Active listings
65
Homes on market
Median list price
$339K
Avg. days on market
40
Days until sale
New this week
22
Newly listed
Who lives in Shelbyville?
Population
17,436
Median income
$73,733/yr
Median age
36.8 years
Owner-occupied
57.1%
College grads
25.3%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Shelbyville?
Zillow home value
$310,943
Zillow rent index
$1,448/mo
Price-to-rent ratio
17.9x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Shelbyville?
Shelbyville is a community of approximately 17K residents with a median age of 36.8 years.The median household income is $73,733, which represents a working-class community with solid middle-income opportunities. 25.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.1%, showing a blend of owner and renter-occupied properties. The average commute time is 26.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Shelbyville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Shelbyville?
13 schools tracked · 6,144 students
The largest public schools serving Shelbyville, KY 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.
Martha Layne Collins High School
Grades 9-12 · 1,208 students
Shelby County High School
Grades 9-12 · 998 students
Marnel C. Moorman School
Grades K-8 · 781 students
Shelby County East Middle School
Grades 6-8 · 556 students
Shelby County West Middle School
Grades 6-8 · 552 students
Wright Elementary
Grades K-5 · 503 students
Painted Stone Elementary
Grades K-5 · 465 students
Clear Creek Elementary
Grades K-5 · 426 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 Shelbyville, KY?
Want a head-to-head view? Compare Shelbyville side-by-side with any other U.S. city using our market-comparison tool.
Is Shelbyville a good real estate investment market?
For investors evaluating Shelbyville, the price-to-rent ratio of 17.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 6.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Shelbyville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Shelbyville's median home price.
Frequently asked questions
What is the average home price in Shelbyville?
The median home sale price in Shelbyville is $317,500, up 6.4% from last year.
How long do homes stay on market in Shelbyville?
Homes typically spend 40 days on market before going under contract.
What is the median income in Shelbyville?
The median household income is $73,733 per year.
Is Shelbyville a buyer's or seller's market?
With 3.6 months of supply, Shelbyville is currently a balanced market.
What is the Zillow home value estimate for Shelbyville?
The Zillow Home Value Index (ZHVI) for Shelbyville is $310,943, representing the typical home value in the area.
What is the median condo price in Shelbyville?
The median condo/co-op sale price in Shelbyville, KY is $300,000, compared to $317,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Shelbyville?
The median single-family home price in Shelbyville, KY is $317,500 (about $184 per square foot).
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