Is Shelby County, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shelby County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Shelby County has remained a Seller's Market.

Key Takeaway

Shelby County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Shelby County, OH

How much do homes in Shelby County, OH cost?

Median Sold Price

$203,750

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$6,250(-3.0%)

Key Takeaway

Homes in Shelby County have sold for 3% less than they did a year ago.

Summary: The median home sold price in Shelby County was $203,750 in November 2024, down 3% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $65K-
N/A
2 $75.1K$152K
+102.4%
3 $192.5K$204.9K
+6.5%
4 $275.5K$233.2K
-15.3%
5+ $400K$248.5K
-37.9%

Summary: Shelby County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 102.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes decreased by 37.9%.

Median Sold Price Compared To Nearby Counties

Darke County
+9.1%
Miami County
+2.4%
Shelby County
-3.0%

Housing Supply in Shelby County, OH

How many homes are available in Shelby County, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4544-2.2%

Summary: The Shelby County real estate market had 44 homes for sale in November 2024, a 2.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 2731
+14.8%
4 86
-25.0%
5+ 64
-33.3%

Summary: The Shelby County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shelby County, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Shelby County in November 2024, up by 33.3% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for Shelby County, OH

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Shelby County, OH

Nearby Markets to Shelby County, OH

What housing markets are near Shelby County, OH?