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Shelbyville

Why you'd want to live in Shelbyville

Shelbyville, Tennessee, is often recognized as the "Walking Horse Capital of the World," due to its deep connection with the Tennessee Walking Horse breed and the annual Tennessee Walking Horse National Celebration. This heritage contributes significantly to the local culture and economy, drawing visitors and enthusiasts from around the globe. The city maintains a strong agricultural base, particularly in equine industries, which provides a unique economic landscape. Shelbyville offers a welcoming small-town atmosphere with a historic downtown square featuring local businesses and community events. Residents can enjoy various recreational amenities, including the Shelbyville Recreation Center and nearby state parks like Henry Horton State Park, which offer golf, hiking, and other outdoor activities. The community also benefits from its location within easy driving distance of larger metropolitan areas, providing access to additional amenities and employment opportunities while maintaining a distinct local charm.

Shelbyville Market Report

$581,260

AVERAGE PRICE OF 370 HOMES

$256,633

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,968,451

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$403,744

AVERAGE PRICE OF 90 NEWLY BUILT HOMES

$604,468

AVERAGE PRICE OF 8 HOMES WITH A POOL

$320,781

AVERAGE PRICE OF 17 REDUCED PRICE HOMES

Average Home

Average Price $581,260
Avg Bedrooms 1.99 beds
Avg Bathrooms 1.57 baths

Average Price by Bedrooms

1 bedroom $325,000
2 bedrooms $343,322
3 bedrooms $405,226
4 bedrooms $568,525
5 bedrooms $876,633
Shelbyville Home Price Trends
  5/2026 4/2026 3/2026 2/2026 1/2026
Total Listings n/a 376 362 354 344
Average Price n/a $601,855 $616,245 $606,451 $591,223
Avg Price Change n/a -2.39% +1.61% +2.58% -0.70%
Median Price n/a $338,856 $338,735 $342,698 $339,357
Med Price Change n/a +0.04% -1.17% +0.98% +1.37%
Avg Bedrooms n/a 2.01 beds 1.99 beds 1.94 beds 1.95 beds
Avg Bathrooms n/a 1.59 baths 1.55 baths 1.52 baths 1.53 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cascade High School 19 $679,829 113 days
Community High School 27 $511,698 89 days
Moore County High School 3 $439,633 150 days
Riverdale High School 1 $724,900 83 days
Shelbyville Central High School 285 $450,881 157 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 370 $581,260 171 days
Distressed Homes 3 $256,633 77 days
Multi-Million Dollar Homes 28 $2,968,451 560 days
Newly Built Homes 90 $403,744 142 days
Homes with a Pool 8 $604,468 103 days
Reduced Price Homes 17 $320,781 143 days
UMBARGER GROUP - BHGRE-Heritage Group
Mitch Umbarger
738 Hillsboro Blvd
Manchester, TN 37355
931-247-4414

Based on information submitted to the MLS GRID as of June 17, 2026 2 AM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
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