Shelbyville, TN metro area Housing Market
Cold MarketComprehensive housing market data for the Shelbyville, TN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$330K
↓ 5.7% YoY
Days on Market
81 days
↓ 16.5% YoY
Active Inventory
211
↓ 16.6% YoY
Homes Sold
46
↑ 17.9% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Shelbyville, TN metro area Market Summary
The Shelbyville, TN metro area housing market is cooling down. As of January 2026, the median home sale price is $330K, down 5.7% year-over-year. Homes are spending a median of 81 days on the market, 16.5% shorter than a year ago.
There are 211 homes for sale — 16.6% fewer than last year. With 4.6 months of supply, this is a balanced market. 51 new listings were added during this period, down 33.8% year-over-year.
Homes are selling for 99.8% of their list price on average, suggesting room for negotiation. 10.9% of homes sell above their asking price. 23.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Tennessee Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 22% below the national median, which could indicate stronger cash flow potential.
Shelbyville, TN metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$375K
Price per Sq Ft
$209
Sale-to-List Ratio
99.8%
Months of Supply
4.6
Sold Above List
10.9%
Price Drops
23.2%
New Listings
51
↓ 33.8% YoY
Pending Sales
52
Off Market in 2 Weeks
17.3%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.