The market · Shelby Hills

Shelby Hills housing market, June 2023

Single-family homes inside the Shelby Hills map area in the RealTracs MLS. This page is built from RealTracs’ five-year monthly file as reported on October 28, 2026; the change column is worked out from that file. The live Shelby Hills page has the current month, the map and every data set.

$801,250

median sale price, 3-month rolling

$691,500 a year earlier · +15.9%

4

homes sold

7 in June 2022 · −42.9%

2.3

months of supply, 3-month rolling

2.21 in June 2022 · +4.1% · monthly figure not shown: 4 sales · favors sellers

38

average days on market, 3-month rolling

17 in June 2022 · +123.5% · monthly figure not shown: 4 sales

11

new listings

8 in June 2022 · +37.5%

Shelby Hills closed 4 single-family sales in June 2023, −42.9% from 7 in June 2022. With only 4 sales in the month, the monthly median swings on a single house, so the figure to watch is RealTracs’ three-month rolling median: $801,250, +15.9% from $691,500 a year earlier. Buyers had 14 homes to choose from on average (6 a year ago), and months of supply stood at 2.3 on a three-month rolling basis — favors sellers by the usual four-to-six-month rule of thumb. Over the three months to June 2023, homes that sold had averaged 38 days on market (a normal pace); 11 new listings came on against 8 a year earlier.

Written from the figures on this page by fixed sentences. No forecasts.

June 2023 vs. June 2022

The month, number by number

Every figure RealTracs reports for the month, against the same month a year earlier. Pick a row and the bars show that measure for June in every year on file; the link under them opens its full history on the live page.

Shelby Hills, June 2023 against June 2022
June 2022	June 2023	Change
7	4	−42.9%
$750,000	$844,500	+12.6%
$905,580	$964,375	+6.5%
$457	$379	−17.1%
30	16	−46.7%
8	11	+37.5%
1	2	+100.0%
6	14	+133.3%
10	4	−60.0%
16	19	+18.8%
2.06	4.64	+125.2%
$677,196	$1,038,958	+53.4%
101.46%	99.94%	−1.5%
42	41	−2.4%
70	24	−65.7%
118	67	−43.2%

Change is worked out here from the two monthly figures in RealTracs’ five-year file.

Median sale priceJune, each year on file

Pick a row in the table and the bars follow it. Prices are rounded to the nearest $1,000 here; the table has the exact figures. “—” is a month with no sales.

Every month of median sale price →

The table behind these bars

June, year by year
Month	Sold	Median sale price	Median $/sq ft	New listings	For sale (avg)	Months of supply	Avg days on market
June 2023	4	$844,500	$379	11	14	4.64	16
June 2022	7	$750,000	$457	8	6	2.06	30

The same calendar month in every year the five-year file covers — the comparison behind the “earlier years” sentence above.

More tables for June 2023: the last twelve months, this month in every year, the rolling basis

Month by month, monthly figures
Month	Sold	Median sale price	Median $/sq ft	New listings	For sale (avg)	Months of supply	Avg days on market
June 2023	4	$844,500	$379	11	14	4.64	16
May 2023	6	$756,250	$404	11	11	2.39	11
April 2023	8	$847,500	$403	10	5	1.07	70
March 2023	6	$927,500	$415	8	8	2.12	4
February 2023	4	$1,012,500	$394	8	9	3.59	57
January 2023	2	$1,326,950	$388	7	11	7.62	13
December 2022	2	$525,500	$392	3	13	8.23	10
November 2022	4	$377,500	$377	5	13	4.1	23
October 2022	6	$1,249,900	$385	5	14	3.29	11
September 2022	5	$724,900	$362	10	11	4.22	13
August 2022	6	$452,500	$485	9	10	3.52	23
July 2022	1	$360,000	$352	14	12	19.05	7

Every figure as RealTracs reports it for that month. Months with fewer than 10 sales are small samples: their median is the median of a handful of houses, and the page’s headline figures use RealTracs’ rolling medians for them.

June, year by year
Month	Sold	Median sale price	Median $/sq ft	New listings	For sale (avg)	Months of supply	Avg days on market
June 2023	4	$844,500	$379	11	14	4.64	16
June 2022	7	$750,000	$457	8	6	2.06	30

The same calendar month in every year the five-year file covers — the comparison behind the “earlier years” sentence above.

June 2023 on a rolling basis
Measure	Monthly	3-month rolling	6-month rolling	12-month rolling	3-month, June 2022	12-month, June 2022
Median sale price	$844,500	$801,250	$867,500	$732,000	$691,500	$634,000
Median sale price per sq ft	$379	$399	$396	$394	$446	$356
Months of supply	4.64	2.3	2.79	3.66	2.21	2.46
Average days on market, homes sold	16	38	32	25	17	11
Homes sold (per month)	4	6	5	4	6	6

RealTracs’ own rolling figures: each is worked out over the sales of the last 3, 6 or 12 months, not averaged from the monthly numbers. A rolling count is the average per month. These are the figures the page quotes when a month has fewer than 10 sales.

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Questions

Shelby Hills in June 2023

Were home prices in Shelby Hills dropping in June 2023?

No — up. The three-month rolling median sale price was $801,250 in June 2023, +15.9% from $691,500 a year earlier. The rolling figure is used because only 4 homes sold in the month.

Was Shelby Hills a buyer’s or a seller’s market in June 2023?

A seller’s market, by the usual rule: 2.3 months of supply in June 2023 on a three-month rolling basis (under four favors sellers, over six favors buyers), against 2.21 a year earlier. The rolling figure is used because only 4 homes sold in the month.

How fast were homes selling in Shelby Hills in June 2023?

With 4 sales in June 2023, a monthly average would mislead; over the three months to June 2023 homes that sold had averaged 38 days on market, a normal pace.

How this page is built

Every figure is read from RealTracs’ own export for the Shelby Hills map area — the Snapshot report for the month and the five-year Timeline files for all eight data sets, monthly and 3-, 6- and 12-month rolling. Files are kept as downloaded, with a manifest of download names and checksums, so any number here can be traced to its file. The only arithmetic on the page is labelled where it appears: a change worked out from two monthly figures, and the ranges in the “earlier years” sentence. Months with fewer than 10 sales are flagged as small samples and their price figures switch to RealTracs’ rolling medians. The summary and the questions are filled from fixed sentences — no forecasts, no advice. “Favors sellers / balanced / favors buyers” follows the usual rule of thumb for months of supply: under four, four to six, over six. Days on market: under 30 is called a fast pace, over 60 slow.

← May 2023 Shelby Hills now July 2023 →

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Source: RealTracs MLS, Analytics → Market Trends, the Shelby Hills map area (saved in RealTracs as “Shelby hills”), residential single-family. Report dated October 28, 2026. Based on information from Realtracs® for the period June 1, 2022 through September 30, 2026. © 2026 Realtracs, Inc.