Is Shelby County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$184,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shelby County have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Shelby County was $184,000 in May 2024, down 1.9% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.5K | $65K | -39.5% |
| 2 Bedrooms | $149.5K | $145K | -3.0% |
| 3 Bedrooms | $190K | $180K | -5.3% |
| 4 Bedrooms | $220K | $278K | +26.4% |
| 5+ Bedrooms | $430K | $335K | -22.1% |
Summary: Shelby County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes decreased by 22.1%.
Median Sold Price Compared To Nearby Counties
| Logan County | $225K | $239.9K | +6.6% |
| Miami County | $220K | $230.6K | +4.8% |
| Darke County | $161.1K | $168.7K | +4.7% |
| Shelby County | $187.5K | $184K | -1.9% |
Housing Supply in Shelby County, OH
How many homes are available in Shelby County, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Summary: The Shelby County real estate market had 38 homes for sale in May 2024, a 7.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 26 | 20 | -23.1% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Shelby County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shelby County, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Shelby County in May 2024, the same as the previous month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.
Days on Market for Shelby County, OH
How long does it take to sell a home in Shelby County, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 81 Days | 79 Days | -1.3% |
Summary: Homes in Shelby County had an average of 79 days on market in May 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shelby County has remained consistent over time.
Summary: During May 2024, 11 homes were sold in Shelby County; 0% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.