Market Intelligence Report — TN-180

Shelbyville, TN

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

Ref. No: 2026-TN-09
As of the latest 2026 data
Very Weak

Median Listing

$371K
-2.9% YoY

Pending Ratio

0.24
-0.5% YoY

Active Inventory

235
-9.6% YoY

Median DOM

59 Days
-14.0% YoY

Primary Intelligence Tool — Sold Score™

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The Shelbyville market currently registers as Very Weak, characterized by a pending ratio of 0.24, indicating significantly low demand absorption relative to available inventory. This market condition is further underscored by a modest year-over-year decline in the median listing price, which stands at -2.9%.

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.

Active listings have contracted by 9.6% year-over-year, alongside a 14.3% reduction in new listings over the past year. Despite this, the pending ratio declined by 0.5% year-over-year, pointing to diminished demand absorption. Concurrently, the median listing price has seen a 2.9% year-over-year decrease, with the median days on market shortening by 14.0% compared to the prior year.

Historical Analysis

Market Trends

Median Price

$371K-3.6% MoM

Active Inventory

235-9.6% YoY

Days on Market

59-14.0% YoY

Sold Score™

42-0.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

42
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

With a pending ratio of 0.24, the market exhibits substantial inventory pressure favoring discerning buyers, who face minimal competition for available properties. The slow pace of absorption necessitates greater price discipline from sellers to facilitate transactions, affording buyers extended timelines for negotiation.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

235 active listings represent the current floor, with new supply arriving at roughly 60 per month.

Pricing Pressure
23.0%

of active listings carry a price reduction, -1.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -4.0% year-over-year.

Absorption
0.24

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

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
24%
Median Days on Market
59 days
Inventory YoY
−10%

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Metro Demographics

Metro Area
Shelbyville, TN
CBSA Code
43180
State
TN