Is Shelbyville, KY a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Shelbyville is a seller's market


Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Shelbyville, KY

How much do homes in Shelbyville, KY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Shelbyville have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Shelbyville was $294,966 in November 2023, up 3.3% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $138.5K$58.5K
2 $184.9K$217K
3 $270.3K$278.1K
4 $327K$338.5K
5+ $415K$490K

Summary: Shelbyville housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 57.8%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 18.1%.

Housing Supply in Shelbyville, KY

How many homes are available in Shelbyville, KY?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Shelbyville real estate market had 95 homes for sale in November 2023, a 9.5% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
2 56
3 6757
4 2928
5+ 44

Summary: The Shelbyville housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shelbyville, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Shelbyville in November 2023, down by 3.1% month-over-month. Of the 31 sold homes, 48% were sold under asking, 42% were sold at asking, and 10% were sold over asking.

Days on Market for Shelbyville, KY

How long does it take to sell a home in Shelbyville, KY?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shelbyville are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 31 homes were sold in Shelbyville; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in Shelbyville, KY

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