Is Shelbyville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shelbyville was $300,000 in April 2024, up 1.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $58.5K | -65.4% |
2 Bedrooms | $188.7K | $205.5K | +8.9% |
3 Bedrooms | $272.5K | $289.9K | +6.4% |
4 Bedrooms | $329.7K | $350K | +6.1% |
5+ Bedrooms | $430K | $597.7K | +39.0% |
Summary: Shelbyville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.4%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 39%.
Housing Supply in Shelbyville, KY
How many homes are available in Shelbyville, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 109 | +5.8% |
Summary: The Shelbyville real estate market had 109 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 53 | 57 | +7.5% |
4 Bedrooms | 35 | 31 | -11.4% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Shelbyville 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 25%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 26 | -16.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Shelbyville in April 2024, down by 16.1% month-over-month. Of the 26 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 39 Days | -16.6% |
Summary: Homes in Shelbyville had an average of 39 days on market in Apr 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Shelbyville; 12% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.