Comprehensive market data and analysis• Updated Oct 2026
9.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | 1 | 2 | 2 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 3 | 5 |
Acreage buckets
The median price for land in Shelbyville, Michigan is currently $31K per acre. For a typical parcel, the median sale price is $189K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $78K while premium lots reached $218K.
Shelbyville, Michigan is currently a buyer's market with 9.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Shelbyville, Michigan currently has 9.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
There are currently 3 active listings in Shelbyville, Michigan. 1 new listings have hit the market in the last 90 days. The median asking price is $279K.
The 3-month absorption rate in Shelbyville, Michigan is 11.1%. The 12-month rate is 11.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Shelbyville, Michigan typically sells within 121 days of listing. The median time on market is 5 days. Properties are moving slowly in the current buyer's market.
Over the past 12 months, Shelbyville, Michigan saw 4 properties sold, totaling $638K in sales volume. In just the last 3 months, 1 properties changed hands.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Shelbyville on LandyDandy.
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