37160
Shelbyville, Tennessee
Shelbyville 37160 needs watching.
The 37160 ZIP code in Shelbyville, Tennessee has a median sale price of $310K, down -1.9% year-over-year. Homes spend an average of 94 days on market, with 14% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37160.
The Shelbyville, TN (37160) market has softened considerably, with the median sale price settling at $310,000, down 1.9% year-over-year. Homes are averaging 94 days on market, indicating extended absorption rates compared to Tennessee's more active metro areas. Only 14% of properties are selling above list price, confirming weak buyer competition and a shift toward pricing discipline. This represents a clear transition from the aggressive bidding environment that characterized 2021-2023.
Value-focused buyers hold significant leverage in this environment, with 94-day market times providing ample opportunity for due diligence and negotiation. The 14% above-list metric means 86% of transactions close at or below asking, favoring patient purchasers willing to submit conservative offers. Investors seeking cash-flowing rental properties may find opportunity in the $310,000 price point, though they should model conservative appreciation assumptions given the negative year-over-year trend. Sellers face headwinds and should price competitively from initial listing.
The PropIQ score of 55/100 signals caution, suggesting further price discovery may be necessary before stabilization occurs. With days-on-market elevated and price momentum negative, monitor monthly sold volume and pending contract data for early reversal signals. Absorption rates remain the critical variable—if DOM extends beyond 100 days or list-to-sale ratios compress further, expect additional price adjustments through 2026. Interest rate movements will dictate whether this market finds footing or continues drifting lower.
What is the median home price in 37160 Shelbyville?
The median sale price in 37160 is $310K, down -1.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Shelbyville 37160?
Homes in 37160 Shelbyville spend an average of 94 days on market before going under contract.
Is Shelbyville 37160 a good place to invest in real estate?
Folio's PropIQ™ score for 37160 is 55/100 — a Caution signal. 14% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 37160?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 37160 Shelbyville, Tennessee.