Shelbyville Township Housing Market Report February 2025•Shelby County, Illinois

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Housing Prices in Shelbyville Township, IL

How much do homes in Shelbyville Township, IL cost?

Housing Market Conditions

Is Shelbyville Township, IL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Shelbyville Township is a Seller's Market

Difference Since February 2024

Since last year, Shelbyville Township has remained a Seller's Market.

Insight

Shelbyville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$125,000$96/SqFt
-$10,000
-7.4%

Based on all homes sold in the last 12 months

Insight

Homes in Shelbyville Township have sold for 7.4% less than they did a year ago.

Summary: The median home sold price in Shelbyville Township was $125,000 in February 2025, down 7.4% from last year, and the median price per square foot was $96.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Okaw Township
+35.0%
Shelbyville
-7.4%
Shelbyville Township
-7.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$83.5K$85.2K
+2.1%
3$168.4K$159.9K
-5.1%
4$128.9K$236K
+83.1%
5$169.9K$87K
-48.8%

Summary: Shelbyville Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +2.1%. The home price for 3 bedroom homes decreased by -5.1%. The home price for 4 bedroom homes increased by +83.1%. The home price for 5 bedroom homes decreased by -48.8%.

Housing supply in Shelbyville Township, IL

How many homes are available in Shelbyville Township, IL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
13Last MonthFeb 2025
162 months agoJan 2025
-18.8 %
Change MoMJan – Feb

Summary: The Shelbyville Township real estate market had 13 homes for sale in Feb 2025, a 18.8 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthFeb 2025
32 months agoJan 2025
0.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
232
-33.3%
3109
-10.0%
432
-33.3%
500
0.0%

Summary: Shelbyville Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes decreased by -10.0%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Shelbyville Township, IL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Shelbyville Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Shelbyville Township in February 2025, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and and 0% were sold over asking.

Days on Market for Shelbyville Township, IL

How long does it take to sell a home in Shelbyville Township, IL?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in Shelbyville Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 3 homes were sold in Shelbyville Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
22 DaysThis YearFeb 2025
64 Days1 year agoFeb 2024
-65.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Shelbyville Township had an average listing age of 22 days in Feb 2025, down by 65.0% compared to the previous year.

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Newest Listings in Shelbyville Township, IL

What homes are available in Shelbyville Township, IL?

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Nearby markets

Nearby markets aren't available for Shelbyville Township, IL

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MLS Disclaimers and Copyright

Based on information from Central Illinois Board of Realtors MLS, for the period 03/01/2023 - 03/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Central Illinois Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Central Illinois Board of Realtors.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/11/2025, 2:15:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.