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SHELBYVILLE, IL 62565

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

Market Analysis

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

The SHELBYVILLE, IL real estate market (62565) currently shows 24 active listings, with 5 pending sales. Homes are averaging 143 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 143 days on market compared to 80 days last year.

The median listing price has fallen 24% year-over-year, from $181,950 to $138,250.

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 Context

Market Context

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

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

Market Overview

Active Listings
24
⇧ 84.6% vs 13 last year
Pending
5
21% pending ratio
Median Price
$138,250
⇩ 24% vs $181,950 last year
Average Price
$152,523
⇩ 25.5% vs $204,822 last year
Days on Market
143
⇧ 78.8% vs 80 days last year

Price Per Square Foot

Median $/sqft
$95
⇩ 12.8% vs $109/sqft last year
Median Home Size
1,456 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 24 this year vs 13 last year
  • Days on market: 143 now vs 80 last year

Median & Average Pricing

Year over Year
  • Median: $138,250 (-24% YoY)
  • Average: $152,523 (-25.5% 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 24.9 miles — 133 listings ($32,065,197 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62565Shelbyville, IL 625650.0 mi23$3,181,843$133,250$138,341
62571Tower Hill, IL 625718.7 mi2$319,800$159,900$159,900
61957Windsor, IL 6195710.7 mi6$1,004,670$144,900$167,445
62510Assumption, IL 6251014.5 mi4$625,500$137,000$156,375
61914Bethany, IL 6191415.4 mi6$1,139,106$148,500$189,851
62461Shumway, IL 6246116.2 mi2$404,900$202,450$202,450
62431Herrick, IL 6243116.3 mi2$308,750$154,375$154,375
62550Moweaqua, IL 6255017.0 mi8$1,328,952$141,850$166,119
61925Dalton City, IL 6192521.6 mi0$0$257,000$257,000
62544Macon, IL 6254422.3 mi0$0$209,000$209,000
61938Mattoon, IL 6193823.2 mi37$5,371,512$121,175$145,176
62401Effingham, IL 6240124.0 mi39$17,926,272$321,750$459,648
62080Ramsey, IL 6208024.9 mi4$453,892$113,473$113,473

Frequently Asked Questions

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

As of March 2026, there are 24 active listings in SHELBYVILLE, IL (zip code 62565), compared to 13 the prior year.

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

The median listing price in SHELBYVILLE, IL 62565 is $138,250 as of March 2026, a 24% decrease from $181,950 the prior year.

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

Homes in SHELBYVILLE, IL 62565 spend an average of 143 days on the market before going under contract, compared to 80 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 March 2026, SHELBYVILLE, IL 62565 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 143 days on market compared to 80 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 $2,765 compared to a typical 5% commission on the median listing price of $138,250. 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.