Market Intelligence Report — TN-180

Shelbyville, TN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-TN-08
As of the latest 2026 data
Cooling

Median Listing

$385K
+4.1% YoY

Pending Ratio

0.28
-2.2% YoY

Active Inventory

224
-10.8% YoY

Median DOM

64 Days
-13.0% YoY

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The Shelbyville, TN housing market is currently exhibiting cooling characteristics, evidenced by a pending ratio of 0.28, which reflects a year-over-year decline of 2.2%. Active listings have contracted by 10.8% over the past year, indicating a persistent absorption challenge relative to demand.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Shelbyville market right now.

Over the past year, the market has seen a 10.8% decrease in active listings, alongside a 10.5% increase in new listings. While the median listing price has appreciated by 4.1% year-over-year to $385,000, the median price per square foot has concurrently declined by 5.1%. This suggests a divergence in overall price trends versus unit-level valuation.

Historical Analysis

Market Trends

Median Price

$385K-0.9% MoM

Active Inventory

224-10.8% YoY

Days on Market

64-13.0% YoY

Sold Score™

41-2.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

41
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

In this cooling environment, buyers may find opportunities for more deliberate negotiations, as demand absorption is not strongly outpacing available supply. The extended median days on market, currently 64, combined with a price-reduced share of 23.5%, indicate that properties may require more price discipline to attract offers, and the pace of transactions may be slower.

Luxury Segment

The average listing price has seen a modest year-over-year decline of 0.4%, while the median listing price has increased by 4.1%, suggesting some softness in the higher-priced segments of the market. This is further supported by a 5.1% year-over-year decline in the median price per square foot.

Supply Dynamics

224 active listings represent the current floor, with new supply arriving at roughly 84 per month.

Pricing Pressure
23.5%

of active listings carry a price reduction, +1.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -5.1% year-over-year.

Absorption
0.28

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Shelbyville, TN? Homes here are taking 10 days less to sell than last year.

Buyers have leverage in Shelbyville, TN. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
28%
Median Days on Market
64 days
Inventory YoY
−11%

In a buyer's market, strategy beats timing. See how your home scores in Shelbyville, TN and what moves the number.

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Metro Demographics

Metro Area
Shelbyville, TN
CBSA Code
43180
State
TN
Analysis FAQ
  • What is the current market condition in Shelbyville?+

    As of the latest 2026 data, the Shelbyville metro is classified as Cooling. Pending ratio is 0.28 with median days on market at 64.

  • Are home prices dropping in Shelbyville?+

    Median listing price is $385K, +4.1% year over year. 23.5% of active listings carry a price reduction.

  • How fast are homes selling in Shelbyville?+

    The typical listing sits 64 days on market, a -13.0% change YoY. New listings are arriving at 84 per month.

  • What's happening in the Shelbyville luxury market?+

    The average listing price has seen a modest year-over-year decline of 0.4%, while the median listing price has increased by 4.1%, suggesting some softness in the higher-priced segments of the market. This is further supported by a 5.1% year-over-year decline in the median price per square foot.

  • Where can I find a trusted Shelbyville real estate expert?+

    Primpted maintains a vetted registry of Shelbyville agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 43180 · 36mo history