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

$631,297

AVERAGE PRICE OF 380 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

$340,724

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $631,297
Avg Bedrooms 2.05 beds
Avg Bathrooms 1.56 baths

Average Price by Bedrooms

1 bedroom $474,999
2 bedrooms $371,515
3 bedrooms $402,772
4 bedrooms $629,741
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 $979,844 95 days
Community High School 32 $485,893 110 days
Moore County High School 4 $313,700 94 days
Shelbyville Central High School 283 $481,561 154 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 380 $631,297 170 days
Distressed Homes 1 $279,900 129 days
Multi-Million Dollar Homes 33 $3,291,709 479 days
Newly Built Homes 77 $396,433 117 days
Homes with a Pool 8 $796,337 70 days
Reduced Price Homes 16 $340,724 76 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 October 10, 2026 1 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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