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SHELBYVILLE, IN 46176

Real Estate Market Report  ·  Shelby County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The SHELBYVILLE, IN real estate market (46176) currently shows 93 active listings, with 38 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 57 days on market compared to 34 days last year.

The median listing price has fallen 7.6% year-over-year, from $283,675 to $262,250.

Whether you are buying or selling in SHELBYVILLE, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 28,727  ·  Density: 65.5/mi²  ·  Median household income: $62,222

Typical home value: $156,451  ·  Homeownership: 65.3%

Market Overview

Active Listings
93
⇧ 34.8% vs 69 last year
Pending
38
41% pending ratio
Median Price
$262,250
⇩ 7.6% vs $283,675 last year
Average Price
$274,398
⇩ 2.7% vs $282,130 last year
Days on Market
57
⇧ 67.6% vs 34 days last year

Price Per Square Foot

Median $/sqft
$154
⇧ 10% vs $140/sqft last year
Median Home Size
1,664 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 93 this year vs 69 last year
  • Days on market: 57 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $262,250 (-7.6% YoY)
  • Average: $274,398 (-2.7% 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 19.2 miles — 687 listings ($225,217,842 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46176Shelbyville, IN 461760.0 mi89$25,451,330$274,973$285,970
46110Boggstown, IN 461107.8 mi2$800,000$400,000$400,000
46150Manilla, IN 461509.2 mi1$45,000$45,000$45,000
46161Morristown, IN 4616110.7 mi10$3,809,710$313,700$380,971
47272Saint Paul, IN 4727211.3 mi2$404,000$202,000$202,000
46259Indianapolis, IN 4625914.2 mi57$27,265,266$417,500$478,338
46131Franklin, IN 4613114.9 mi87$30,462,789$326,175$350,147
47246Hope, IN 4724615.8 mi10$4,057,850$332,450$405,785
46184Whiteland, IN 4618416.2 mi69$23,055,936$297,450$334,144
46239Indianapolis, IN 4623918.2 mi157$52,557,791$312,950$334,763
47280Taylorsville, IN 4728018.5 mi3$560,850$186,950$186,950
46237Indianapolis, IN 4623719.0 mi158$47,383,252$270,000$299,894
46173Rushville, IN 4617319.2 mi42$9,364,068$214,300$222,954

Frequently Asked Questions

How many homes are for sale in SHELBYVILLE, IN 46176?

As of April 2026, there are 93 active listings in SHELBYVILLE, IN (zip code 46176), compared to 69 the prior year.

What is the median home price in SHELBYVILLE, IN 46176?

The median listing price in SHELBYVILLE, IN 46176 is $262,250 as of April 2026, a 7.6% decrease from $283,675 the prior year.

How long do homes stay on the market in SHELBYVILLE, IN?

Homes in SHELBYVILLE, IN 46176 spend an average of 57 days on the market before going under contract, compared to 34 days the prior year.

Is it a seller's or buyer's market in SHELBYVILLE, IN 46176?

Based on current inventory and days-on-market data as of April 2026, SHELBYVILLE, IN 46176 is currently a Buyer's Market. Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 57 days on market compared to 34 days last year.

How much can I save on real estate commission in SHELBYVILLE, IN?

With SELL123.com's maximum 3% commission, sellers in SHELBYVILLE, IN 46176 save an estimated $5,245 compared to a typical 5% commission on the median listing price of $262,250. 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.