Is Shelby County, OH 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, Shelby County has remained a Seller's Market.
Housing Prices in Shelby County, OH
How much do homes in Shelby County, OH cost?
Median Sold Price
$190,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shelby County was $190,000 in April 2024, up 2.7% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $115K | +130.0% |
2 Bedrooms | $159K | $142.5K | -10.4% |
3 Bedrooms | $193K | $184K | -4.7% |
4 Bedrooms | $198K | $276K | +39.4% |
5+ Bedrooms | $435K | $336K | -22.8% |
Summary: Shelby County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 130%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes decreased by 22.8%.
Median Sold Price Compared To Nearby Counties
Miami County | $210.5K | $229.9K | +9.2% |
Darke County | $160K | $165.5K | +3.5% |
Shelby County | $185K | $190K | +2.7% |
Logan County | $229K | $235K | +2.6% |
Housing Supply in Shelby County, OH
How many homes are available in Shelby County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 41 | +7.9% |
Summary: The Shelby County real estate market had 41 homes for sale in April 2024, a 7.9% 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 | 1 | 5 | +400.0% |
3 Bedrooms | 25 | 25 | 0.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Shelby County 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 400%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Shelby County in April 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 57 Days | +4.5% |
Summary: Homes in Shelby County had an average of 57 days on market in Apr 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Shelby County; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.