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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shelbyville is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Shelbyville, KY cost?

Median Sold Price

$268,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$33,000(+14.0%)

Key Takeaway

Homes in Shelbyville have sold for 14% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 -$79K
N/A
2 $169.9K$169.9K
0.0%
3 $228K$259.9K
+14.0%
4 $271K$321.2K
+18.5%
5+ $390K$415K
+6.4%

How many homes are available in Shelbyville, KY?

Number of Homes For Sale

Aug 2022Sep 2022%
6355-12.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 97
-22.2%
3 3629
-19.4%
4 1616
0.0%
5+ 23
+50.0%

Number of Homes Sold

Aug 2022Sep 2022%
2715-44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shelbyville, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

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

About Shelbyville, KY

Shelbyville, KY has 55 homes on the market. The inventory of homes for sale in Shelbyville, KY between August 2022 and September 2022 decreased by 12.7%. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties stayed the same, the cost of 3 bedrooms properties went up by 14%, prices of 4 bedrooms properties went up by 18.5%, 5 bedrooms properties became 6.4% more expensive. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes became 22.2% less available, 3 bedrooms homes inventory decreased by 19.4%, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes went up by 50%. Shelbyville, KY housing market in September 2022 saw over 5 listings sold above listed price, more than 6 sold at listed price and over 4 sold below.