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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

$569,944

AVERAGE PRICE OF 393 HOMES

$256,633

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,906,551

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$399,978

AVERAGE PRICE OF 108 NEWLY BUILT HOMES

$412,625

AVERAGE PRICE OF 6 HOMES WITH A POOL

$451,087

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $569,944
Avg Bedrooms 2.03 beds
Avg Bathrooms 1.59 baths

Average Price by Bedrooms

1 bedroom $267,950
2 bedrooms $323,343
3 bedrooms $398,441
4 bedrooms $620,888
5 bedrooms $429,695
Shelbyville Home Price Trends
  4/2026 3/2026 2/2026 1/2026 12/2025
Total Listings 376 362 354 344 341
Average Price $601,855 $616,245 $606,451 $591,223 $595,339
Avg Price Change -2.39% +1.61% +2.58% -0.70% -2.04%
Median Price $338,856 $338,735 $342,698 $339,357 $334,767
Med Price Change +0.04% -1.17% +0.98% +1.37% -0.56%
Avg Bedrooms 2.01 beds 1.99 beds 1.94 beds 1.95 beds 1.98 beds
Avg Bathrooms 1.59 baths 1.55 baths 1.52 baths 1.53 baths 1.54 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Shelbyville Central High School 322 $458,111 126 days
Total Homes Average Price Avg Days on Site
All Homes 393 $569,944 141 days
Distressed Homes 3 $256,633 42 days
Multi-Million Dollar Homes 30 $2,906,551 305 days
Newly Built Homes 108 $399,978 125 days
Homes with a Pool 6 $412,625 103 days
Reduced Price Homes 15 $451,087 98 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 May 21, 2026 11 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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