$5,106 Closing Credit*
$430,000
2,491 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Results
Is Shelbyville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Shelbyville has remained a Seller's Market.
Key Takeaway
Shelbyville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shelbyville, KY
How much do homes in Shelbyville, KY cost?
Median Sold Price
$309,630
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,418(+4.9%)
Key Takeaway
Homes in Shelbyville have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Shelbyville was $309,630 in October 2024, up 4.9% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58.5K | - | N/A |
| 2 Bedrooms | $209K | $225K | +7.6% |
| 3 Bedrooms | $282K | $289K | +2.5% |
| 4 Bedrooms | $339K | $349.9K | +3.2% |
| 5+ Bedrooms | $480K | $525K | +9.4% |
Summary: Shelbyville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in Shelbyville, KY
How many homes are available in Shelbyville, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 140 | +20.7% |
Summary: The Shelbyville real estate market had 140 homes for sale in October 2024, a 20.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 77 | 94 | +22.1% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Shelbyville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelbyville, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Shelbyville in October 2024, up by 3.8% month-over-month. Of the 27 sold homes, 59% were sold under asking, 26% were sold at asking, and 15% were sold over asking.
Days on Market for Shelbyville, KY
How long does it take to sell a home in Shelbyville, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 63 Days | +177.9% |
Summary: Homes in Shelbyville had an average of 63 days on market in Oct 2024, up by 177.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shelbyville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in Shelbyville; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.