Is Shelby, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shelby is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Shelby was a Seller's Market.

Key Takeaway

Shelby is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Shelby, NC

How much do homes in Shelby, NC cost?

Median Sold Price

$239,700

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$19,700(+9.0%)

Key Takeaway

Homes in Shelby have sold for 9% more than they did a year ago.

Summary: The median home sold price in Shelby was $239,700 in April 2024, up 9% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $71.2K$73K
+2.5%
2 $153.5K$168.5K
+9.8%
3 $225K$236.5K
+5.1%
4 $278.7K$305K
+9.4%
5+ $290.5K$377.5K
+29.9%

Summary: Shelby housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 29.9%.

Housing Supply in Shelby, NC

How many homes are available in Shelby, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
249287+15.3%

Summary: The Shelby real estate market had 287 homes for sale in April 2024, a 15.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 3848
+26.3%
3 136152
+11.8%
4 5361
+15.1%
5+ 1822
+22.2%

Summary: The Shelby housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3948+23.1%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shelby, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Shelby in April 2024, up by 23.1% month-over-month. Of the 47 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.

Days on Market for Shelby, NC

How long does it take to sell a home in Shelby, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
55 Days43 Days-20.6%

Summary: Homes in Shelby had an average of 43 days on market in Apr 2024, down by 20.6% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 48 homes were sold in Shelby; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% 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 10 Days Ago

Newest Listings in Shelby, NC

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