Is Shelby, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Shelby was a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $71.2K | $73K | +2.5% |
2 Bedrooms | $153.5K | $168.5K | +9.8% |
3 Bedrooms | $225K | $236.5K | +5.1% |
4 Bedrooms | $278.7K | $305K | +9.4% |
5+ Bedrooms | $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 2024 | Apr 2024 | CHANGE |
---|---|---|
249 | 287 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 38 | 48 | +26.3% |
3 Bedrooms | 136 | 152 | +11.8% |
4 Bedrooms | 53 | 61 | +15.1% |
5+ Bedrooms | 18 | 22 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 48 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 43 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
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.