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SHELBY, MI 49455

Real Estate Market Report  ·  Oceana County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
23
⇩ 20.7% vs 29 last year
Pending
4
17% pending ratio
Median Price
$214,000
⇩ 3.1% vs $220,925 last year
Average Price
$287,881
⇧ 5.6% vs $272,642 last year
Days on Market
151
⇧ 54.1% vs 98 days last year

Market Context

Population: 5,149  ·  Density: 23.4/mi²  ·  Median household income: $57,857

Typical home value: $130,902  ·  Homeownership: 80.3%

Market Analysis

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

The SHELBY, MI real estate market (49455) currently shows 23 active listings, with 4 pending sales. Homes are averaging 151 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 151 days on market compared to 98 days last year.

The median listing price has fallen 3.1% year-over-year, from $220,925 to $214,000.

Whether you are buying or selling in SHELBY, MI, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 23 this year vs 29 last year
  • Days on market: 151 now vs 98 last year

Median & Average Pricing

Year over Year
  • Median: $214,000 (-3.1% YoY)
  • Average: $287,881 (+5.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 31.1 miles — 495 listings ($181,717,315 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49455Shelby, MI 494550.0 mi23$6,621,263$214,000$287,881
49436Mears, MI 494366.8 mi16$12,744,320$387,500$796,520
49420Hart, MI 494208.7 mi22$6,365,502$259,900$289,341
49449Pentwater, MI 4944913.1 mi12$6,758,340$415,000$563,195
49459Walkerville, MI 4945915.6 mi8$3,382,744$169,900$422,843
49425Holton, MI 4942517.8 mi8$2,769,400$339,925$346,175
49445Muskegon, MI 4944522.1 mi64$22,851,840$304,950$357,060
49412Fremont, MI 4941223.2 mi30$10,485,120$302,000$349,504
49431Ludington, MI 4943125.1 mi48$20,755,632$345,000$432,409
49309Bitely, MI 4930926.5 mi9$2,206,674$169,500$245,186
49402Branch, MI 4940228.4 mi7$3,467,800$599,000$495,400
49441Muskegon, MI 4944129.6 mi136$62,320,776$299,450$458,241
49444Muskegon, MI 4944431.1 mi112$20,987,904$137,900$187,392

Frequently Asked Questions

How many homes are for sale in SHELBY, MI 49455?

As of January 2026, there are 23 active listings in SHELBY, MI (zip code 49455), compared to 29 the prior year.

What is the median home price in SHELBY, MI 49455?

The median listing price in SHELBY, MI 49455 is $214,000 as of January 2026, a 3.1% decrease from $220,925 the prior year.

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

Homes in SHELBY, MI 49455 spend an average of 151 days on the market before going under contract, compared to 98 days the prior year.

Is it a seller's or buyer's market in SHELBY, MI 49455?

Based on current inventory and days-on-market data as of January 2026, SHELBY, MI 49455 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 151 days on market compared to 98 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SHELBY, MI 49455 save an estimated $4,280 compared to a typical 5% commission on the median listing price of $214,000. 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.