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The market · Shelby Hills

Shelby Hills housing market, July 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.

$739,000
median sale price, 3-month rolling
$626,600 a year earlier · +17.9%
3
homes sold
1 in July 2022 · +200.0%
4.32
months of supply, 3-month rolling
3.63 in July 2022 · +19.0% · monthly figure not shown: 3 sales · balanced
14
average days on market, 3-month rolling
22 in July 2022 · −36.4% · monthly figure not shown: 3 sales
13
new listings
14 in July 2022 · −7.1%
Shelby Hills closed 3 single-family sales in July 2023, +200.0% from 1 in July 2022. With only 3 sales in the month, the monthly median swings on a single house, so the figure to watch is RealTracs’ three-month rolling median: $739,000, +17.9% from $626,600 a year earlier. Buyers had 20 homes to choose from on average (12 a year ago), and months of supply stood at 4.32 on a three-month rolling basis — balanced by the usual four-to-six-month rule of thumb. Over the three months to July 2023, homes that sold had averaged 14 days on market (a fast pace); 13 new listings came on against 14 a year earlier.

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

July 2023 vs. July 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 July in every year on file; the link under them opens its full history on the live page.

Shelby Hills, July 2023 against July 2022
July 2022July 2023Change
13+200.0%
$360,000$538,000+49.4%
$360,000$587,667+63.2%
$352$319−9.4%
717+142.9%
1413−7.1%
74−42.9%
1220+66.7%
95−44.4%
2124+14.3%
19.057.74−59.4%
$909,432$1,121,984+23.4%
92.31%97.84%+6.0%
2725−7.4%
1250+316.7%
5070+40.0%

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

More tables for July 2023: the last twelve months, this month in every year, the rolling basis
Month by month, monthly figures
MonthSoldMedian sale priceMedian $/sq ftNew listingsFor sale (avg)Months of supplyAvg days on market
July 20233$538,000$31913207.7417
June 20234$844,500$37911144.6416
May 20236$756,250$40411112.3911
April 20238$847,500$4031051.0770
March 20236$927,500$415882.124
February 20234$1,012,500$394893.5957
January 20232$1,326,950$3887117.6213
December 20222$525,500$3923138.2310
November 20224$377,500$3775134.123
October 20226$1,249,900$3855143.2911
September 20225$724,900$36210114.2213
August 20226$452,500$4859103.5223

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.

July, year by year
MonthSoldMedian sale priceMedian $/sq ftNew listingsFor sale (avg)Months of supplyAvg days on market
July 20233$538,000$31913207.7417
July 20221$360,000$352141219.057

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

July 2023 on a rolling basis
Monthly3-month rolling6-month rolling12-month rolling3-month, July 202212-month, July 2022
Median sale price$538,000$739,000$815,000$732,000$626,600$629,800
Median sale price per sq ft$319$386$398$394$388$360
Months of supply7.744.322.963.63.632.71
Average days on market, homes sold171432252211
Homes sold (per month)345546

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 July 2023

Were home prices in Shelby Hills dropping in July 2023?
No — up. The three-month rolling median sale price was $739,000 in July 2023, +17.9% from $626,600 a year earlier. The rolling figure is used because only 3 homes sold in the month.
Was Shelby Hills a buyer’s or a seller’s market in July 2023?
Balanced: 4.32 months of supply in July 2023 on a three-month rolling basis (under four favors sellers, over six favors buyers), against 3.63 a year earlier. The rolling figure is used because only 3 homes sold in the month.
How fast were homes selling in Shelby Hills in July 2023?
With 3 sales in July 2023, a monthly average would mislead; over the three months to July 2023 homes that sold had averaged 14 days on market, a fast 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.
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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 July 1, 2022 through September 30, 2026. © 2026 Realtracs, Inc.