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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

$629,264

AVERAGE PRICE OF 381 HOMES

$279,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$3,291,709

AVERAGE PRICE OF 33 MULTI-MILLION DOLLAR HOMES

$396,433

AVERAGE PRICE OF 77 NEWLY BUILT HOMES

$796,337

AVERAGE PRICE OF 8 HOMES WITH A POOL

$332,599

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $629,264
Avg Bedrooms 2.04 beds
Avg Bathrooms 1.55 baths

Average Price by Bedrooms

1 bedroom $474,999
2 bedrooms $360,499
3 bedrooms $403,570
4 bedrooms $629,948
5 bedrooms $555,296
Shelbyville Home Price Trends
  9/2026 8/2026 7/2026 6/2026 5/2026
Total Listings 369 n/a 355 n/a n/a
Average Price $639,732 n/a $594,521 n/a n/a
Avg Price Change n/a n/a n/a n/a n/a
Median Price $344,844 n/a $339,983 n/a n/a
Med Price Change n/a n/a n/a n/a n/a
Avg Bedrooms 2.02 beds n/a 1.99 beds n/a n/a
Avg Bathrooms 1.55 baths n/a 1.55 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cascade High School 26 $980,806 94 days
Community High School 33 $479,651 111 days
Moore County High School 4 $313,700 93 days
Shelbyville Central High School 283 $479,977 152 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 381 $629,264 169 days
Distressed Homes 1 $279,900 128 days
Multi-Million Dollar Homes 33 $3,291,709 478 days
Newly Built Homes 77 $396,433 116 days
Homes with a Pool 8 $796,337 69 days
Reduced Price Homes 16 $332,599 79 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 October 9, 2026 12 PM. 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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Listing data on this site is provided by Greater Nashville Assn. of Realtors under license. Greater Nashville Assn. of Realtors is a data provider only and has no affiliation with UMBARGER GROUP - BHGRE-Heritage Group.
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