Shelbyville, IL, is a charming small town in central Illinois, serving as the county seat of Shelby County with a population of around 4,700. Known for its rich history and tight-knit community, it’s home to the scenic Lake Shelbyville, a popular spot for fishing, boating, and camping, drawing outdoor enthusiasts year-round. The town boasts a vibrant downtown with historic architecture, local shops, and annual events like the Shelby County Fair, which celebrate its agricultural roots. With a welcoming atmosphere, affordable living, and proximity to larger cities like Springfield and Decatur, Shelbyville offers a peaceful blend of rural charm and modern convenience.
Shelbyville currently has 6 lots for sale with an average list price of $47,116.67. The average annual property tax for Shelbyville is $2,013.07.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Shelbyville, i.e. what's hot and what's not.
See What's Hot & What's Not in ShelbyvilleShelbyville home sales for the month of August decreased in volume by 50% when compared to last year, while the median sale price decreased by 20.4% from $244,950 to $195,000. House sales decreased by 50%, while the median sale price decreased by 20.4% from $244,950 to $195,000.
32
|
24
|
21
|
17
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$128,500
|
$141,450
|
$103,000
|
$92,500
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |