The State of the Housing Market in Shelby Twp, Mi.

Oct. 06, 2025 | Written by: Kevin Salva

The State of the Housing Market in Shelby Township, MI (2025)

The average home value in Shelby Township is currently around $399,315, reflecting a ~4.4 % gain over the past year (as per Zillow’s Home Value Index). Zillow
Zillow reports there are about 224 homes for sale (inventory) in the area as of late 2025, with 102 new listings during the latest period. Zillow
In September 2025, the number of active listings was reported to be up ~12 % year-over-year for Shelby Township, improving selection for buyers. Knybel Network - Real Estate
Despite the uptick, the months of supply is still relatively low (about 2.3 months), indicating that Shelby remains a seller’s market—there’s more demand than inventory. Knybel Network - Real Estate
New construction is playing an increasingly important role, especially east of M‑53, as a source of additional housing options. Knybel Network - Real Estate

The average listing price in Shelby Township is around $468,500, according to one builder/developer source. Cherry Creek Building+1
In a recent quarterly snapshot from a local real estate report (Refac Michigan), the average sale price is $583,949 for homes sold, with newly built homes averaging $882,480. REFAC MICHIGAN
Over time, the number of listings has hovered in the mid‑to‑high hundreds. In early 2025, monthly listings in Shelby Twp were in the 280s to 300s range. REFAC MICHIGAN
In the more specific neighborhood of “Shelby” (within Shelby Township), there were 143 homes for sale, with median listing prices around $410,000 and median sold price about $400,000 in January 2025. Realtor

Limited inventory. Even with the modest increase in active listings, the low months-of-supply signals that buyers still face stiff competition.
Pricing pressure at the upper end: luxury homes (>$500K) have been taking longer to sell (~40+ days), indicating some resistance in that segment. Knybel Network - Real Estate
Overpricing risks: as buyers have more choices, overvalued listings may stagnate and face reductions. Knybel Network - Real Estate

New construction is expanding. Builders are pushing into less developed parts of Shelby Twp, particularly east of major roadways, adding fresh inventory. Knybel Network - Real Estate+1
For sellers, it's still a favorable environment in many price ranges—well priced homes often move quickly.
Buyers who are flexible (in location, design, or timing) may find more room to negotiate, especially in slower market tiers or in newer developments.

Will supply growth outpace demand? If more new builds come online, the market could gradually shift toward more balance.
Interest rate trends will heavily influence buyer behavior—higher rates can dampen demand.
Price sensitivity and buyer expectations—increasing buyer savvy may force greater alignment between listing prices and property condition/amenities.
Neighborhood-level variation: some subareas (e.g. those with better school districts, more amenities) will always outperform others in speed and price metrics.