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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

$609,632

AVERAGE PRICE OF 330 HOMES

$199,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$3,509,579

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$362,178

AVERAGE PRICE OF 93 NEWLY BUILT HOMES

$764,844

AVERAGE PRICE OF 9 HOMES WITH A POOL

$391,591

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

Average Home

Average Price $609,632
Avg Bedrooms 1.99 beds
Avg Bathrooms 1.55 baths

Average Price by Bedrooms

2 bedrooms $266,511
3 bedrooms $399,292
4 bedrooms $461,310
5 bedrooms $816,759
Shelbyville Home Price Trends
  11/2025 10/2025 9/2025 8/2025 7/2025
Total Listings 357 369 366 381 398
Average Price $607,502 $604,866 $609,505 $604,951 $556,691
Avg Price Change +0.44% -0.77% +0.75% +8.67% +2.59%
Median Price $336,627 $343,000 $344,060 $331,818 $329,204
Med Price Change -1.89% -0.31% +3.69% +0.79% +0.11%
Avg Bedrooms 1.96 beds 2 beds 2.09 beds 2.11 beds 2.14 beds
Avg Bathrooms 1.53 baths 1.57 baths 1.62 baths 1.63 baths 1.66 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Shelbyville Central High School 250 $445,369 126 days
Total Homes Average Price Avg Days on Site
All Homes 330 $609,632 147 days
Distressed Homes 1 $199,900 16 days
Multi-Million Dollar Homes 24 $3,509,579 303 days
Newly Built Homes 93 $362,178 125 days
Homes with a Pool 9 $764,844 90 days
Reduced Price Homes 13 $391,591 67 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 December 5, 2025 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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