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SHELBYVILLE, IN 46176

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The SHELBYVILLE, IN real estate market (46176) currently shows 89 active listings, with 35 pending sales. Homes are averaging 90 days on the market before going under contract.

Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 90 days on market compared to 72 days last year.

The median listing price has risen 8.8% year-over-year, from $252,623 to $274,973.

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
89
⇧ 20.3% vs 74 last year
Pending
35
39% pending ratio
Median Price
$274,973
⇧ 8.8% vs $252,623 last year
Average Price
$285,970
⇧ 12.1% vs $255,140 last year
Days on Market
90
⇧ 25% vs 72 days last year

Price Per Square Foot

Median $/sqft
$158
⇧ 12.1% vs $141/sqft last year
Median Home Size
1,797 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 89 this year vs 74 last year
  • Days on market: 90 now vs 72 last year

Median & Average Pricing

Year over Year
  • Median: $274,973 (+8.8% YoY)
  • Average: $285,970 (+12.1% 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
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 20.6 miles — 809 listings ($308,247,869 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46176Shelbyville, IN 461760.0 mi95$26,555,350$259,900$279,530
46110Boggstown, IN 461107.8 mi1$174,900$174,900$174,900
46150Manilla, IN 461509.2 mi1$45,000$45,000$45,000
46161Morristown, IN 4616110.7 mi9$3,117,339$254,900$346,371
47272Saint Paul, IN 4727211.3 mi2$409,400$204,700$204,700
46259Indianapolis, IN 4625914.2 mi55$26,658,170$379,900$484,694
46131Franklin, IN 4613114.9 mi96$34,080,576$322,000$355,006
47246Hope, IN 4724615.8 mi14$5,067,412$292,450$361,958
46184Whiteland, IN 4618416.2 mi73$23,341,093$289,900$319,741
46115Carthage, IN 4611518.2 mi6$1,096,500$225,000$182,750
46143Greenwood, IN 4614318.7 mi230$108,137,720$380,000$470,164
46140Greenfield, IN 4614019.1 mi165$57,934,965$300,000$351,121
47203Columbus, IN 4720320.6 mi62$21,629,444$297,500$348,862

Frequently Asked Questions

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

As of February 2026, there are 89 active listings in SHELBYVILLE, IN (zip code 46176), compared to 74 the prior year.

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

The median listing price in SHELBYVILLE, IN 46176 is $274,973 as of February 2026, a 8.8% increase from $252,623 the prior year.

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

Homes in SHELBYVILLE, IN 46176 spend an average of 90 days on the market before going under contract, compared to 72 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 February 2026, SHELBYVILLE, IN 46176 is currently a Buyer's Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 90 days on market compared to 72 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 $5,499 compared to a typical 5% commission on the median listing price of $274,973. 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.