Shelby, AL Home Values & Market Trends

Real estate market trends reflect that there have been 56 transactions over the past year in Shelby. The median value for residential home transactions that occurred over the previous year is $362,672. The number of current listings in Shelby is 6, and the percentage of properties for sale in the city is 6.00%. Shelby, AL currently has 0 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 6 properties for sale.

Housing Market Summary for Shelby, AL

Feb 2023January 2024Change
Median Listing Price$147K$390.1K165.35%
Median Sold Price$380K$390.1K2.65%
Homes For Sale4525.00%
Homes Sold36372.78%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Shelby, AL

Shelby home values range from $25,250 to $4,298,137. The median estimated value of a home in Shelby is $362,672. The median list price of a home is 452,450, and the total count of properties in the city is 1,398.

Foreclosure
There is 1 zips within Shelby, AL; within this zips, the median estimated home value for homes in foreclosure ranges from $0 in $[foreclosures-lowest-avm-region] to the lowest value of $0 in $[foreclosures-lowest-avm-region]. Foreclosure homes account for NaN% of properties in Shelby, AL with $[foreclosures-highest-count-region] containing 0 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Shelby, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Shelby, AL; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Shelby, AL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Shelby, AL. There is 1 zips within Shelby, AL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Shelby, AL. Auction homes and other auction properties account for 0% of all properties in Shelby, AL. There is 1 zips within Shelby, AL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.43% of residential properties in Shelby, AL with 35143 containing 6 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Shelby, AL; homes for sale in that zips, have a range of median values from $725,000 in 35143 to the lowest value of $249,421 in 35143.
    Sold Homes
    The median value for recently sold homes ranges from $752,175 in 35143 to the lowest price of $35,067 in 35143. There is 1 zips within Shelby, AL. 35143 has 32 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.29% of properties in Shelby, AL.

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      Guide for Shelby, AL

      Home Buying Tools
      Federal Eviction Ban Overturned. Here’s Why
      Beautiful house in the country
      Foreclosure
      The 5 Most Common Mistakes to Avoid When Buying a Foreclosed Home
      House in safe neighborhood
      Bank Owned
      Pros and Cons of Investing in REO Properties
      California
      Riverside Property Values Soar in 2023 Amid Fierce Housing Market Trends
      See More Articles
      Federal Eviction Ban Overturned. Here’s Why
      Home Buying Tools|posted 5 June 2021

      Last month we asked if it was possible that eviction moratoriums from the federal government were illegal. “If you’re a real estate investor with rental properties you depend on monthly rental payments to cover the mortgage, taxes, repairs, and other costs. But what happens if the government says, nope, you can’t evict tenants who don’t […]

      Beautiful house in the country
      The 5 Most Common Mistakes to Avoid When Buying a Foreclosed Home
      Foreclosure|posted 16 February 2024

      Buying foreclosure homes can be tricky – here are the most common pitfalls to avoid

      House in safe neighborhood
      Pros and Cons of Investing in REO Properties
      Bank Owned|posted 15 February 2024

      Are REO homes the right investment for you?

      Riverside Property Values Soar in 2023 Amid Fierce Housing Market Trends
      California|posted 15 February 2024

      In 2023, house prices saw a steady increase, ending the year at avg 625k

      Recently Listed Homes Shelby, AL

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