Is Shelbyville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Shelbyville has remained a Seller's Market.
Housing Prices in Shelbyville, KY
How much do homes in Shelbyville, KY cost?
Median Sold Price
$300,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shelbyville was $300,000 in March 2024, up 1.7% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $58.5K | -65.4% |
2 Bedrooms | $187.5K | $205.5K | +9.6% |
3 Bedrooms | $272.2K | $288K | +5.8% |
4 Bedrooms | $325K | $346.5K | +6.6% |
5+ Bedrooms | $430K | $553.3K | +28.7% |
Summary: Shelbyville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.4%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 28.7%.
Housing Supply in Shelbyville, KY
How many homes are available in Shelbyville, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 98 | +5.4% |
Summary: The Shelbyville real estate market had 98 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 48 | 49 | +2.1% |
4 Bedrooms | 33 | 35 | +6.1% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Shelbyville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 29 | +31.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Shelbyville in March 2024, up by 31.8% month-over-month. Of the 29 sold homes, 41% were sold under asking, 38% were sold at asking, and 21% were sold over asking.
Days on Market for Shelbyville, KY
How long does it take to sell a home in Shelbyville, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 78 Days | +112.2% |
Summary: Homes in Shelbyville had an average of 78 days on market in Mar 2024, up by 112.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Shelbyville; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.