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SHELBY, IN 46377

Real Estate Market Report  ·  Lake County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SHELBY, IN real estate market (46377) currently shows 2 active listings.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

The median listing price has risen 12.1% year-over-year, from $144,950 to $162,475.

Whether you are buying or selling in SHELBY, 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: 66  ·  Density: 123.3/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 47.1%

Market Overview

Active Listings
2
⇩ 50% vs 4 last year
Pending
0
0% pending ratio
Median Price
$162,475
⇧ 12.1% vs $144,950 last year
Average Price
$162,475
⇩ 7.8% vs $176,300 last year
Days on Market
⇩ 100% vs 147 days last year

Price Per Square Foot

Median $/sqft
$117
⇩ 18.8% vs $144/sqft last year
Median Home Size
1,375 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 4 last year

Median & Average Pricing

Year over Year
  • Median: $162,475 (+12.1% YoY)
  • Average: $162,475 (-7.8% 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 21.9 miles — 907 listings ($451,070,307 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46377Shelby, IN 463770.0 mi3$449,901$150,000$149,967
46356Lowell, IN 463565.9 mi136$59,848,432$389,450$440,062
46349Lake Village, IN 463497.1 mi11$5,717,613$450,950$519,783
46341Hebron, IN 4634110.2 mi32$11,249,440$324,750$351,545
46307Crown Point, IN 4630714.4 mi318$138,701,106$382,450$436,167
60958Pembroke Township, IL 6095815.5 mi5$513,825$107,500$102,765
60940Grant Park, IL 6094015.8 mi10$4,906,900$368,750$490,690
47963Morocco, IN 4796316.4 mi11$2,424,312$199,625$220,392
46373Saint John, IN 4637318.5 mi123$85,157,328$713,250$692,336
46347Kouts, IN 4634719.2 mi7$3,955,581$377,800$565,083
60912Beaverville, IL 6091220.3 mi2$318,450$159,225$159,225
46311Dyer, IN 4631120.7 mi63$31,306,149$352,450$496,923
46385Valparaiso, IN 4638521.9 mi186$106,521,270$463,975$572,695

Frequently Asked Questions

How many homes are for sale in SHELBY, IN 46377?

As of March 2026, there are 2 active listings in SHELBY, IN (zip code 46377), compared to 4 the prior year.

What is the median home price in SHELBY, IN 46377?

The median listing price in SHELBY, IN 46377 is $162,475 as of March 2026, a 12.1% increase from $144,950 the prior year.

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

Homes in SHELBY, IN 46377 spend an average of 0 days on the market before going under contract, compared to 147 days the prior year.

Is it a seller's or buyer's market in SHELBY, IN 46377?

Based on current inventory and days-on-market data as of March 2026, SHELBY, IN 46377 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

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

With SELL123.com's maximum 3% commission, sellers in SHELBY, IN 46377 save an estimated $3,250 compared to a typical 5% commission on the median listing price of $162,475. 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.