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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

$601,807

AVERAGE PRICE OF 347 HOMES

$3,202,492

AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES

$369,790

AVERAGE PRICE OF 88 NEWLY BUILT HOMES

$689,470

AVERAGE PRICE OF 10 HOMES WITH A POOL

$524,875

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $601,807
Avg Bedrooms 1.96 beds
Avg Bathrooms 1.53 baths

Average Price by Bedrooms

1 bedroom $302,450
2 bedrooms $285,755
3 bedrooms $399,148
4 bedrooms $519,137
5 bedrooms $874,933
Shelbyville Home Price Trends
  1/2026 12/2025 11/2025 10/2025 9/2025
Total Listings 344 341 357 369 366
Average Price $591,223 $595,339 $607,502 $604,866 $609,505
Avg Price Change -0.70% -2.04% +0.44% -0.77% +0.75%
Median Price $339,357 $334,767 $336,627 $343,000 $344,060
Med Price Change +1.37% -0.56% -1.89% -0.31% +3.69%
Avg Bedrooms 1.95 beds 1.98 beds 1.96 beds 2 beds 2.09 beds
Avg Bathrooms 1.53 baths 1.54 baths 1.53 baths 1.57 baths 1.62 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Shelbyville Central High School 265 $454,162 138 days
Total Homes Average Price Avg Days on Site
All Homes 347 $601,807 155 days
Multi-Million Dollar Homes 26 $3,202,492 313 days
Newly Built Homes 88 $369,790 152 days
Homes with a Pool 10 $689,470 73 days
Reduced Price Homes 8 $524,875 61 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 February 16, 2026 9 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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