Shelbyville

Why you'd want to live in Shelbyville

Living in Shelbyville, Tennessee offers a small-town atmosphere with a rich equestrian heritage and a strong sense of tradition. Known as the “Walking Horse Capital of the World,” Shelbyville hosts the annual Tennessee Walking Horse National Celebration, drawing visitors and enthusiasts from across the country. The town features historic architecture, local diners, and a slower pace of life that appeals to those looking for a more relaxed and community-oriented environment. Its location in Middle Tennessee also provides easy access to larger cities like Murfreesboro and Nashville, making it a convenient spot for those who want rural charm with urban proximity.

Shelbyville Market Report

$573,259

AVERAGE PRICE OF 382 HOMES

$256,633

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,968,451

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$399,213

AVERAGE PRICE OF 97 NEWLY BUILT HOMES

$604,468

AVERAGE PRICE OF 8 HOMES WITH A POOL

$383,370

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $573,259
Avg Bedrooms 2.02 beds
Avg Bathrooms 1.59 baths

Average Price by Bedrooms

1 bedroom $325,000
2 bedrooms $337,937
3 bedrooms $401,830
4 bedrooms $559,133
5 bedrooms $747,347
Shelbyville Home Price Trends
  5/2026 4/2026 3/2026 2/2026 1/2026
Total Listings n/a 376 362 354 344
Average Price n/a $601,855 $616,245 $606,451 $591,223
Avg Price Change n/a -2.39% +1.61% +2.58% -0.70%
Median Price n/a $338,856 $338,735 $342,698 $339,357
Med Price Change n/a +0.04% -1.17% +0.98% +1.37%
Avg Bedrooms n/a 2.01 beds 1.99 beds 1.94 beds 1.95 beds
Avg Bathrooms n/a 1.59 baths 1.55 baths 1.52 baths 1.53 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cascade High School 19 $680,360 109 days
Community High School 28 $509,133 87 days
Moore County High School 3 $439,633 146 days
Riverdale High School 1 $724,900 79 days
Shelbyville Central High School 296 $445,827 149 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 382 $573,259 163 days
Distressed Homes 3 $256,633 73 days
Multi-Million Dollar Homes 28 $2,968,451 556 days
Newly Built Homes 97 $399,213 132 days
Homes with a Pool 8 $604,468 99 days
Reduced Price Homes 9 $383,370 63 days
Better Homes and Gardens Real Estate
BHGRE Heritage Group Shelbyville, 931-680-1680
BHGRE Heritage Group Manchester, 931-723-3300
BHGRE Bake & Cole Tullahoma, 931-455-3994

Based on information submitted to the MLS GRID as of June 13, 2026 4 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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