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SHELBY, MS 38774

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The SHELBY, MS real estate market (38774) currently shows 2 active listings. Homes are averaging 108 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 108 days on market compared to 39 days last year.

The median listing price has fallen 81.5% year-over-year, from $102,500 to $19,000.

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Market Context

Market Context

Population: 1,809  ·  Density: 11.1/mi²  ·  Median household income: $28,235

Typical home value: $82,635  ·  Homeownership: 57.4%

Market Overview

Active Listings
2
— vs 2 last year
Pending
0
0% pending ratio
Median Price
$19,000
⇩ 81.5% vs $102,500 last year
Average Price
$19,000
⇩ 81.5% vs $102,500 last year
Days on Market
108
⇧ 176.9% vs 39 days last year

Price Per Square Foot

Median $/sqft
$16
⇩ 79.5% vs $78/sqft last year
Median Home Size
1,453 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
98%
Listings with no price change
Price Reduced
2%
—

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 108 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $19,000 (-81.5% YoY)
  • Average: $19,000 (-81.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 37.7 miles — 164 listings ($31,177,839 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38774Shelby, MS 387740.0 mi1$78,000$78,000$78,000
38759Merigold, MS 387599.9 mi5$1,414,900$225,000$282,980
38732Cleveland, MS 3873214.7 mi49$11,077,822$179,500$226,078
38614Clarksdale, MS 3861416.2 mi42$7,382,256$148,750$175,768
38730Boyle, MS 3873019.3 mi5$1,442,395$375,000$288,479
38771Ruleville, MS 3877121.0 mi8$910,920$108,250$113,865
38773Shaw, MS 3877325.0 mi4$1,805,000$451,250$451,250
38725Benoit, MS 3872528.1 mi2$268,000$134,000$134,000
38772Scott, MS 3877233.4 mi1$270,000$270,000$270,000
38952Schlater, MS 3895233.9 mi2$40,000$20,000$20,000
72140Saint Charles, AR 7214035.1 mi1$135,500$135,500$135,500
38921Charleston, MS 3892135.8 mi5$707,250$141,450$141,450
72042De Witt, AR 7204237.7 mi39$5,645,796$121,400$144,764

Frequently Asked Questions

How many homes are for sale in SHELBY, MS 38774?

As of September 2026, there are 2 active listings in SHELBY, MS (zip code 38774), compared to 2 the prior year.

What is the median home price in SHELBY, MS 38774?

The median listing price in SHELBY, MS 38774 is $19,000 as of September 2026, a 81.5% decrease from $102,500 the prior year.

How long do homes stay on the market in SHELBY, MS?

Homes in SHELBY, MS 38774 spend an average of 108 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in SHELBY, MS 38774?

Based on current inventory and days-on-market data as of September 2026, SHELBY, MS 38774 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 108 days on market compared to 39 days last year.

How much can I save on real estate commission in SHELBY, MS?

With SELL123.com's maximum 3% commission, sellers in SHELBY, MS 38774 save an estimated $380 compared to a typical 5% commission on the median listing price of $19,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.