$2,078 Closing Credit*
$175,000
1,046 SqFt
1046 Beds
•2 Full Baths
Listing Office: Rivera
Is Shelby, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Shelby was a Seller's Market.
Key Takeaway
Shelby is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Shelby, NC
How much do homes in Shelby, NC cost?
Median Sold Price
$253,330
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,323(+10.1%)
Key Takeaway
Homes in Shelby have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Shelby was $253,330 in October 2024, up 10.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104K | $76K | -26.9% |
| 2 Bedrooms | $161K | $176.5K | +9.6% |
| 3 Bedrooms | $235.3K | $243.7K | +3.6% |
| 4 Bedrooms | $305K | $313.9K | +2.9% |
| 5+ Bedrooms | $346.2K | $372K | +7.4% |
Summary: Shelby housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.9%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in Shelby, NC
How many homes are available in Shelby, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 287 | 313 | +9.1% |
Summary: The Shelby real estate market had 313 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 36 | 42 | +16.7% |
| 3 Bedrooms | 161 | 179 | +11.2% |
| 4 Bedrooms | 64 | 67 | +4.7% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Shelby housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelby, expect to pay close to the asking price. 42.2% of homes here sold near the asking price last month.
Summary: A total of 45 homes were sold or pending in Shelby in October 2024, up by 7.1% month-over-month. Of the 45 sold homes, 36% were sold under asking, 42% were sold at asking, and 22% were sold over asking.
Days on Market for Shelby, NC
How long does it take to sell a home in Shelby, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 64 Days | +55.4% |
Summary: Homes in Shelby had an average of 64 days on market in Oct 2024, up by 55.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shelby are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in Shelby; 49% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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