The Shelbyville, IN housing market is a strong buyer's market, scoring 19 out of 100 on Pocket Agent Pro’s buyer-to-seller scale, with 180 homes for sale and 5.1 months of supply. Homes in Shelbyville, IN sold for a median of $240,000, up 11.6% from the prior month, or $126 per square foot. The average sale price in Shelbyville, IN was $237,000, close to the median. The typical home goes under contract in 63 days, sales close at 99.0% of asking price and 20.0% of homes sell above list. 39.7% of active Shelbyville, IN listings have cut their price at least once, a rough gauge of seller flexibility. Figures cover the 30 days through 2026-10-02 and are based on 35 recorded sales and 180 active listings.
| Property | Bd/SqFt | Sold | Closed |
|---|---|---|---|
| 2611 Berwick Dr Unit R1, Shelbyville | 3/1,633 | $275,000 | 2026-10-02 |
| 125 Rolling Ridge Rd, Shelbyville | 3/1,264 | $215,000 | 2026-10-02 |
| 2488 E Old Rushville Rd, Shelbyville | 3/912 | $175,000 | 2026-10-02 |
| 2415 Derby Dr, Shelbyville | 5/3,220 | $392,500 | 2026-10-02 |
| 1120 Central Park Dr, Shelbyville | 4/3,202 | $230,000 | 2026-09-30 |
| 1420 Honeysuckle Dr, Shelbyville | 5/2,600 | $300,000 | 2026-09-30 |
| 1183 Aster Dr, Shelbyville | 5/2,600 | $316,901 | 2026-09-30 |
| 2032 Oak Terrace Dr, Shelbyville | 3/1,594 | $257,000 | 2026-09-30 |
Shelbyville, IN is currently a strong buyer's market, at 19 out of 100 on our buyer-to-seller scale, which blends months of supply, sale-to-list price, days on market and the share of listings with price cuts. There are 5.1 months of supply — under about 3 months typically favors sellers, over about 6 favors buyers.
The median home in Shelbyville, IN sold for $240,000 over the last 30 days. That is up 11.6% from the month before.
The average sale price in Shelbyville, IN was $237,000, close to the median. The median ($240,000) is the middle sale, so it better reflects a typical home; the average is the total of all prices divided by the number of sales.
Homes in Shelbyville, IN take a median of 63 days on market to go under contract. Half sell faster than that and half take longer, so a listing sitting well past 63 days is worth a second look on price.
Homes in Shelbyville, IN close at a median of 99.0% of their asking price, and 20.0% sell above list. That ratio is the quickest read on how much room there is to negotiate.
There are 180 homes actively for sale in Shelbyville, IN, about 5.1 months of supply at the current sales pace.