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Shelbyville Home Values and Market Report

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Report prepared by Rosietherealtormi.com Khoury Real Estate LLC.

Market at a glance

Over the last 12 months, homes sold for 97.4% of list price in 52 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $376K Sold · $356K
$610K$440K$270K$100K
OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

Peak: 6 sales in Dec. Last month: 6.

Where the market stands

All homes in this report, by status.

71homes
Active22 · 31%
Under contract4 · 6%
Sold (12 mo)45 · 63%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

4.7months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$888K
Under contract$274K
Sold$342K

Average days on market

Active75 days
Under contract31 days
Sold52 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 22
Average list price $887,733
Avg. days on market 75 days
Avg. price per ft² $360 Based on 16 of 22 homes
Avg. living area 1,814 ft² Based on 16 of 22 homes
Avg. beds / baths 2.7 / 1.9

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

6 homes didn’t report living area and aren’t shown.

$6M$4M$2M$0

Price vs. living area: 16 homes plotted, up to $6M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

5 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

4023-2 Grandview Drive$984
4023 Grandview Drive$911
2681 Geneva Lake Drive S$503
4382 Lynden Road$419
4135 W Joy Road$383
12601 Blue Lagoon Road$381
4111 E Joy Road$378

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
4023-2 Grandview DriveShelbyville, MI 49344 445,483$5,399,900$98443 days
4023 Grandview DriveShelbyville, MI 49344 445,483$4,999,900$91143 days
1130 128th AvenueShelbyville, MI 49344 ———$2,850,000—435 days
4211 Lynden RoadShelbyville, MI 49344 332,378$799,000$335135 days
4382 Lynden RoadShelbyville, MI 49344 321,644$689,909$41964 days
12632 Blue Lagoon RoadShelbyville, MI 49344 421,808$665,000$36763 days
2362 Patterson RoadShelbyville, MI 49344 321,853$599,000$32319 days
12601 Blue Lagoon RoadShelbyville, MI 49344 221,285$489,900$38116 days
11727 Marsh RoadShelbyville, MI 49344 31—$449,727—24 days
4135 W Joy RoadShelbyville, MI 49344 211,121$429,900$3838 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

Rosietherealtormi.com Khoury Real Estate LLC.

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