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The market · Shelby Hills

Shelby Hills housing market, August 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.

$783,750
median sale price, 12-month rolling
$618,000 a year earlier · +26.8%
2
homes sold
6 in August 2022 · −66.7%
3.89
months of supply, 12-month rolling
2.82 in August 2022 · +37.9% · monthly figure not shown: 2 sales · favors sellers
25
average days on market, 12-month rolling
11 in August 2022 · +127.3% · monthly figure not shown: 2 sales
9
new listings
9 in August 2022 · no change
Shelby Hills closed 2 single-family sales in August 2023, −66.7% from 6 in August 2022. With only 2 sales in the month, the monthly median swings on a single house, so the figure to watch is RealTracs’ twelve-month rolling median: $783,750, +26.8% from $618,000 a year earlier. Buyers had 20 homes to choose from on average (10 a year ago), and months of supply stood at 3.89 on a twelve-month rolling basis — favors sellers by the usual four-to-six-month rule of thumb. Over the twelve months to August 2023, homes that sold had averaged 25 days on market (a fast pace); 9 new listings came on against 9 a year earlier.

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

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

Shelby Hills, August 2023 against August 2022
August 2022August 2023Change
62−66.7%
$452,500$802,450+77.3%
$475,833$802,450+68.6%
$485$389−19.8%
2325+8.7%
99no change
50−100.0%
1020+100.0%
143−78.6%
2423−4.2%
3.5210.92+210.2%
$987,000$1,066,666+8.1%
98.92%100%+1.1%
520−100.0%
3026−13.3%
5870+20.7%

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

More tables for August 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
August 20232$802,450$38992010.9225
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

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.

August, year by year
MonthSoldMedian sale priceMedian $/sq ftNew listingsFor sale (avg)Months of supplyAvg days on market
August 20232$802,450$38992010.9225
August 20226$452,500$4859103.5223

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

August 2023 on a rolling basis
Monthly3-month rolling6-month rolling12-month rolling3-month, August 202212-month, August 2022
Median sale price$802,450$750,000$787,500$783,750$507,500$618,000
Median sale price per sq ft$389$359$398$393$465$375
Months of supply10.927.073.423.893.92.82
Average days on market, homes sold251828252511
Homes sold (per month)235455

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 August 2023

Were home prices in Shelby Hills dropping in August 2023?
No — up. The twelve-month rolling median sale price was $783,750 in August 2023, +26.8% from $618,000 a year earlier. The rolling figure is used because only 2 homes sold in the month.
Was Shelby Hills a buyer’s or a seller’s market in August 2023?
A seller’s market, by the usual rule: 3.89 months of supply in August 2023 on a twelve-month rolling basis (under four favors sellers, over six favors buyers), against 2.82 a year earlier. The rolling figure is used because only 2 homes sold in the month.
How fast were homes selling in Shelby Hills in August 2023?
With 2 sales in August 2023, a monthly average would mislead; over the twelve months to August 2023 homes that sold had averaged 25 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.
← July 2023Shelby Hills nowSeptember 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 August 1, 2022 through September 30, 2026. © 2026 Realtracs, Inc.