Is Shelby County, OH 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, Shelby County has remained a Seller's Market.
Key Takeaway
Shelby County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shelby County, OH
How much do homes in Shelby County, OH cost?
Median Sold Price
$203,750
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Shelby County have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Shelby County was $203,750 in March 2024, up 12.4% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $115K | +130.0% |
| 2 Bedrooms | $149.5K | $142.5K | -4.7% |
| 3 Bedrooms | $185K | $199.9K | +8.1% |
| 4 Bedrooms | $202K | $249.9K | +23.7% |
| 5+ Bedrooms | $435K | $336K | -22.8% |
Summary: Shelby County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 130%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes decreased by 22.8%.
Median Sold Price Compared To Nearby Counties
| Shelby County | $181.2K | $203.7K | +12.4% |
| Miami County | $209.5K | $234K | +11.7% |
| Logan County | $225K | $238.3K | +5.9% |
| Darke County | $160K | $167.3K | +4.6% |
Housing Supply in Shelby County, OH
How many homes are available in Shelby County, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Summary: The Shelby County real estate market had 37 homes for sale in March 2024, a 5.1% decrease 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 | 4 | 1 | -75.0% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Shelby County 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 decreased by 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelby County, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Shelby County in March 2024, up by 9.1% month-over-month. Of the 12 sold homes, 58% were sold under asking, 0% were sold at asking, and 42% were sold over asking.
Days on Market for Shelby County, OH
How long does it take to sell a home in Shelby County, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 76 Days | +13.7% |
Summary: Homes in Shelby County had an average of 76 days on market in Mar 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shelby County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Shelby County; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.