Is Shelby County, IN 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, IN
How much do homes in Shelby County, IN cost?
Median Sold Price
$215,187
$128/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 $215,187 in April 2024, up 2.5% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $315K | +162.5% |
2 Bedrooms | $134.9K | $154.9K | +14.8% |
3 Bedrooms | $205.9K | $217.6K | +5.7% |
4 Bedrooms | $289.9K | $269.9K | -6.9% |
5+ Bedrooms | $369K | $382K | +3.5% |
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 162.5%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Counties
Decatur County | $191.3K | $204K | +6.6% |
Bartholomew County | $249.6K | $257.8K | +3.3% |
Johnson County | $290.5K | $299.9K | +3.2% |
Shelby County | $210K | $215.1K | +2.5% |
Rush County | $155K | $150K | -3.2% |
Housing Supply in Shelby County, IN
How many homes are available in Shelby County, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 99 | -10.8% |
Summary: The Shelby County real estate market had 99 homes for sale in April 2024, a 10.8% decrease 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 | 20 | 19 | -5.0% |
3 Bedrooms | 50 | 41 | -18.0% |
4 Bedrooms | 29 | 29 | 0.0% |
5+ Bedrooms | 12 | 10 | -16.7% |
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 decreased by 5%, 3 bedroom homes decreased by 18%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 32 | +6.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Shelby County in April 2024, up by 6.7% month-over-month. Of the 32 sold homes, 47% were sold under asking, 31% were sold at asking, and 22% were sold over asking.
Days on Market for Shelby County, IN
How long does it take to sell a home in Shelby County, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 54 Days | +167.8% |
Summary: Homes in Shelby County had an average of 54 days on market in Apr 2024, up by 167.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Shelby County; 59% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.