Comprehensive market data and analysis• Updated Dec 2025
27.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 1 |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | - | 2 | 3 |
| 5-10 acres | - | - | 3 | 3 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | 2 | 3 |
| 50-100 acres | - | - | - | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 10 | 14 |
Acreage buckets
The median price for land in Shelbyville, Indiana is currently $24K per acre. For a typical parcel, the median sale price is $148K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $54K while premium lots reached $880K.
Shelbyville, Indiana is currently a strong buyer's market with 27.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Shelbyville, Indiana currently has 27.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Shelbyville, Indiana averages $34K per acre. The median price per acre is $24K, which may be more representative of typical transactions. Most parcels sold are around 5.7 acres.
Over the past 12 months, Shelbyville, Indiana saw 14 properties sold, totaling $4.5M in sales volume. In just the last 3 months, 1 properties changed hands.
The 3-month absorption rate in Shelbyville, Indiana is 3.7%. The 12-month rate is 13.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Shelbyville, Indiana stands at $148K. This translates to roughly $24K per acre for the typical parcel size. The average price is $322K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
