$1,186 Closing Credit*
$99,900
528 SqFt
1 Bed
•1 Full Bath
David G. Bradford, Listing Office: BHGRE Heritage Group
Is Shelbyville, TN 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, Shelbyville was a Seller's Market.
Key Takeaway
Shelbyville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shelbyville, TN
How much do homes in Shelbyville, TN cost?
Median Sold Price
$315,778
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,989(+5.3%)
Key Takeaway
Homes in Shelbyville have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Shelbyville was $315,778 in October 2024, up 5.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | $349.5K | +331.5% |
| 2 Bedrooms | $224.5K | $234.3K | +4.4% |
| 3 Bedrooms | $295K | $314.9K | +6.7% |
| 4 Bedrooms | $350K | $345.9K | -1.1% |
| 5+ Bedrooms | $425K | $341K | -19.8% |
Summary: Shelbyville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 331.5%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 19.8%.
Housing Supply in Shelbyville, TN
How many homes are available in Shelbyville, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 220 | 210 | -4.5% |
Summary: The Shelbyville real estate market had 210 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 30 | 26 | -13.3% |
| 3 Bedrooms | 136 | 133 | -2.2% |
| 4 Bedrooms | 47 | 44 | -6.4% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Shelbyville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 26 | -42.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelbyville, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Shelbyville in October 2024, down by 42.2% month-over-month. Of the 24 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Shelbyville, TN
How long does it take to sell a home in Shelbyville, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 35 Days | +11.8% |
Summary: Homes in Shelbyville had an average of 35 days on market in Oct 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were 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, 26 homes were sold in Shelbyville; 58% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.