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SHELBYVILLE, IL 62565

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

Market Overview

Active Listings
24
⇧ 50% vs 16 last year
Pending
2
8% pending ratio
Median Price
$139,500
⇩ 2% vs $142,400 last year
Average Price
$143,478
⇩ 24.1% vs $189,051 last year
Days on Market
87
⇩ 38.7% vs 142 days last year

Market Context

Population: 7,590  ·  Density: 23.1/mi²  ·  Median household income: $61,389

Typical home value: $122,871  ·  Homeownership: 71.4%

Market Analysis

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

The SHELBYVILLE, IL real estate market (62565) currently shows 24 active listings, with 2 pending sales. Homes are averaging 87 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are selling faster, averaging 87 days on market compared to 142 days last year.

The median listing price has fallen 2% year-over-year, from $142,400 to $139,500.

Whether you are buying or selling in SHELBYVILLE, IL, 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: 24 this year vs 16 last year
  • Days on market: 87 now vs 142 last year

Median & Average Pricing

Year over Year
  • Median: $139,500 (-2% YoY)
  • Average: $143,478 (-24.1% 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 24.9 miles — 95 listings ($18,323,682 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62565Shelbyville, IL 625650.0 mi24$3,443,472$139,500$143,478
62571Tower Hill, IL 625718.7 mi2$319,800$159,900$159,900
61957Windsor, IL 6195710.7 mi5$678,600$129,900$135,720
62510Assumption, IL 6251014.5 mi6$956,850$137,000$159,475
62557Pana, IL 6255716.2 mi23$3,541,241$128,700$153,967
61928Gays, IL 6192816.3 mi2$115,000$57,500$57,500
62414Beecher City, IL 6241416.7 mi1$821,725$821,725$821,725
62550Moweaqua, IL 6255017.0 mi8$1,315,400$147,750$164,425
61925Dalton City, IL 6192521.6 mi1$299,900$299,900$299,900
62555Owaneco, IL 6255522.6 mi1$145,000$145,000$145,000
61937Lovington, IL 6193723.8 mi1$515,000$515,000$515,000
62411Altamont, IL 6241124.1 mi10$2,809,610$200,000$280,961
62549Mt Zion, IL 6254924.9 mi11$3,362,084$299,999$305,644

Frequently Asked Questions

How many homes are for sale in SHELBYVILLE, IL 62565?

As of January 2026, there are 24 active listings in SHELBYVILLE, IL (zip code 62565), compared to 16 the prior year.

What is the median home price in SHELBYVILLE, IL 62565?

The median listing price in SHELBYVILLE, IL 62565 is $139,500 as of January 2026, a 2% decrease from $142,400 the prior year.

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

Homes in SHELBYVILLE, IL 62565 spend an average of 87 days on the market before going under contract, compared to 142 days the prior year.

Is it a seller's or buyer's market in SHELBYVILLE, IL 62565?

Based on current inventory and days-on-market data as of January 2026, SHELBYVILLE, IL 62565 is currently a Balanced Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are selling faster, averaging 87 days on market compared to 142 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SHELBYVILLE, IL 62565 save an estimated $2,790 compared to a typical 5% commission on the median listing price of $139,500. 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.