Is Shelbyville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$294,966
$174/sqft
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
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.5K | $58.5K | -57.8% |
| 2 Bedrooms | $184.9K | $217K | +17.4% |
| 3 Bedrooms | $270.3K | $278.1K | +2.9% |
| 4 Bedrooms | $327K | $338.5K | +3.5% |
| 5+ Bedrooms | $415K | $490K | +18.1% |
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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 105 | 95 | -9.5% |
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
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 67 | 57 | -14.9% |
| 4 Bedrooms | 29 | 28 | -3.4% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
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
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.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2023 Greater Louisville Association of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2023 LBAR Multiple Listing Service. All rights reserved.