22

Shelbyville, IN Homes for Sale under $200,000

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  • /25

    $183,000

    $12K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,102 Sq Ft

    5241 W Marietta Railroad St, Shelbyville, IN 46176

    Welcome home to small town Marietta in Southwestern School District. This 1987 home has 2 bedrooms, and 1 updated full bath, plus a maintenance free exterior. Brand new furnace just installed! The rooms have a fresh coat of paint, the kitchen flooring and water heater are newer, and all the appliances stay with the home. HVAC was serviced every year, the home has 200 amp electric service and

    Agent Photo

    Sheri Jones

    Hoosier, REALTORS®

    (317) 246-4616

    5241 W Marietta Railroad St, Shelbyville, IN 46176
  • /17

    $129,000

    • 1 Bed
    • 1 Bath
    • 822 Sq Ft

    1301 State St, Shelbyville, IN 46176

    New laminate flooring, light fixtures, breaker panel, tile walk-in shower & vinyl windows! This home is now available on the southwest side of Shelbyville. If you're looking for a place to call your own and would like to be within walking distance to the schools, Boys/Girls clubs, Morrison Park and convenience stores, check this out! Step into the sunny living room, where you'll find a coat

    Agent Photo

    Sheri Jones

    Hoosier, REALTORS®

    (463) 240-1810

    1301 State St, Shelbyville, IN 46176
  • /19

    $174,900

    • 2 Beds
    • 1 Bath
    • 896 Sq Ft

    511 Eberhart Dr, Shelbyville, IN 46176

    New carpet and fresh paint make this an easy move in. Originally a 3 bedroom home, owners removed a wall to expand the primary bedroom (wall could easily be replaced to give you that 3rd bedroom again). Other updates include roof, gutters, gutter guards, front porch railing, new sidewalks and exterior paint on house and garage-2023. New hot water heater-2019. Complete remodel of bathroom-2013.

    Sharon Bernard Carpenter, REALTORS®

    511 Eberhart Dr, Shelbyville, IN 46176
  • /37

    $180,000

    New Construction
    • 3 Beds
    • 2.5 Baths
    • 1,336 Sq Ft

    116 E Pennsylvania St, Shelbyville, IN 46176

    Brand-new 2-story home in the downtown Shelbyville featuring 3 bedrooms, 2.5 baths, and 1,336 sq ft of thoughtfully designed living space. The open-concept main level offers durable vinyl plank flooring, a spacious living area, and a modern kitchen with breakfast bar, pantry, and included appliances. Upstairs, you'll find all three bedrooms, including a primary suite with walk-in closet, plus a

    Michael Grossniklaus Intend Indiana, Inc.

    116 E Pennsylvania St, Shelbyville, IN 46176
  • /40

    $169,000

    $16K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,440 Sq Ft

    818 Moriseni Ave, Shelbyville, IN 46176

    Welcome To This Charming 3 Bed / 2 Bath Home . Freshly Painted, Full Privacy Fenced Back Yard For The Kids Or Fur Babies, Room To Build A Garage , Have A Garden, or Add A Shed, Tons Of Options To Consider. Walking Distance To The Dollar General, Pub, Boys & Girls Club, and Short Walk To K-12 Schools ,& Even A Shorter Drive. Off The Kitchen Is A Dining Room, Office / Flex Room. Upstairs You'll

    Portia Rhoades Your Realty Link, LLC

    818 Moriseni Ave, Shelbyville, IN 46176
  • /29

    $199,000

    • 2 Beds
    • 1 Bath
    • 1,413 Sq Ft

    33 W Mechanic St, Shelbyville, IN 46176

    Charming and updated A-frame traditional home featuring 2 bedrooms and 1 full bath. Enjoy relaxing on the covered front porch before stepping inside to a spacious layout that includes a cozy family room, separate living room, and dedicated dining area. The updated kitchen offers stainless steel appliances (all included), a built-in oven, and a butcher block breakfast bar-perfect for everyday

    Lindsey Smalling Highgarden Real Estate

    33 W Mechanic St, Shelbyville, IN 46176
  • /19

    $199,900

    $25K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,368 Sq Ft

    1216 Elm St, Shelbyville, IN 46176

    Check out this completely renovated 2-bedroom, 1-bath Craftsman bungalow with a full unfinished basement, ideally located in the heart of Shelbyville! Nearly every inch of this home has been updated, offering true peace of mind for the next owner. Major improvements include a new roof, HVAC system, water heater, windows, cabinets, appliances, flooring, paint, and a fully remodeled

    Andrew Flora 1 Percent Lists Indiana Real Estate

    1216 Elm St, Shelbyville, IN 46176
  • /12

    $199,000

    $6K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 2,532 Sq Ft

    455 W Franklin St, Shelbyville, IN 46176

    If you're looking for space to spread out, this 4-bedroom, 2 full bath home delivers! Generous bedroom sizes throughout, plus a bonus room off the main-level primary bedroom - perfect for a sitting area, office, or extra closet space. Enjoy a spacious living room, separate dining area, and an updated kitchen with plenty of cabinets. The basement offers additional storage. Relax on the 13x14 front

    Philmia Cole Turnkey Realty of Indiana LLC

    455 W Franklin St, Shelbyville, IN 46176
  • /20

    $200,000

    $20K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,337 Sq Ft

    20 Colescott St, Shelbyville, IN 46176

    The moment you step onto the front porch you can feel the timeless character of this beautifully updated 3-bedroom, 2-bath home nestled near downtown Shelbyville. Built in 1900 and offering nearly 1,900 square feet of living space, this residence blends classic architectural charm with modern comforts that make everyday living easy. Inside, warm wood flooring and historic details create a

    Jacob Hemrick Hemrick Property Group Inc.

    20 Colescott St, Shelbyville, IN 46176
  • /44

    $168,000

    $12K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,888 Sq Ft

    107 1st St, Shelbyville, IN 46176

    Immediate occupancy for this large traditional style home located within walking distance to downtown, Aquatic center, close to schools, Girls, Inc. / Boys Club. Main level offers a large living room, formal dining room, eat-in kitchen, laundry room and primary bedroom. Upper level offers two bedrooms plus a large walk-in attic that could be finished for a 2nd bathroom, bedroom or bonus room. The

    Tracy Miller Steve Lew Real Estate Group, LLC

    107 1st St, Shelbyville, IN 46176
  • /49

    $199,900

    $5K PRICE DROP
    • 2 Beds
    • 1.5 Baths
    • 1,360 Sq Ft

    513 S West St, Shelbyville, IN 46176

    The main level features a spacious living room highlighted by a fireplace, a separate dining room, and a dedicated laundry room for added convenience. Recent interior updates include new flooring, an updated kitchen with refreshed finishes, and renovated bathrooms. The roof is less than 1 year old with new exterior siding, as well. Outside, the fully fenced backyard with privacy fencing creates a

    Sam Huesman Pillario Property Management LLC

    513 S West St, Shelbyville, IN 46176
  • /36

    $120,000

    • 4 Beds
    • 2 Baths
    • 2,240 Sq Ft

    328 E Mechanic St, Shelbyville, IN 46176

    A distinctive opportunity awaits that presents a truly great option for investors and all handy homeowners. This expansive duplex sits on a generous lot and represents a remarkable opportunity to invest in a versatile dwelling with enduring character and significant potential for creating a personalized and rewarding living experience.

    Chris Price Keller Williams - Indy Metro South LLC

    328 E Mechanic St, Shelbyville, IN 46176
  • /4

    $120,000

    • 2 Beds
    • 1 Bath
    • 1,013 Sq Ft

    457 W Mechanic St, Shelbyville, IN 46176

    Great Opportunity - Fixer Upper! This 2-bedroom, 1-bath home is full of potential and ready for your vision. Perfect for investors or buyers looking to renovate and add value. Don't miss this chance to make it your own!

    Libby Sanders Keller Williams Indy Metro S

    457 W Mechanic St, Shelbyville, IN 46176
  • /13

    $114,900

    • 3 Beds
    • 1 Bath
    • 1,246 Sq Ft

    844 W Franklin St, Shelbyville, IN 46176

    Wonderfully priced 3 bedroom property. Has been an investment property at $1200-1300/mo for last several years, currently vacant and awaiting its next owner! Would be a wonderful starter home for an investor or a home owner.

    Justin Polston Mackenzie Allen, Polston & Ass

    844 W Franklin St, Shelbyville, IN 46176
  • /13

    $179,900

    • 4 Beds
    • 2 Baths

    34 Mildred St, Shelbyville, IN 46176

    Income producing duplex with long term tenant in 36 side. Each side has Living room, dining room, kitchen with appliances, laundry room and 2 bedrooms in the upper lever. 34 side has fresh paint and new floor covering, 36 side is in need of updating due to the very long term tenant and amount of rents reflecting that amount of rent. Minimum24 hr notice for showings.

    Sue Bowers Bowers Property Group, LLC

    34 Mildred St, Shelbyville, IN 46176
  • /13

    $199,000

    $26K PRICE DROP
    • Land
    • 1.91 Acres
    • $104,188 per Acre

    22 Rd, Shelbyville, IN 46176

    This 1.91-acre, build-ready commercial parcel delivers exceptional exposure and strategic positioning in one of Shelby County's fastest-growing corridors. Located near the highly traveled intersection of State Road 9 and I-74, the site offers outstanding visibility, easy access, and immediate proximity to established hotels, restaurants, gas stations, a golf course, and the YMCA. Surrounded by

    Annie Scott F.C. Tucker Company

    22 Rd, Shelbyville, IN 46176
  • /22

    $200,000

    • Land
    • 33,541 Sq Ft
    • $259,740 per Acre

    1792 N Riley Hwy, Shelbyville, IN 46176

    Unparalleled Restaurant Development Opportunity in Shelbyville, Indiana! Capture the energy of one of Central Indiana's fastest-growing commercial corridors with this premier, build-ready restaurant site located immediately off the I74 exit. Boasting exceptional visibility and direct access from a major interstate, this parcel sits at the heart of a bustling retail and hospitality cluster,

    Annie Scott F.C. Tucker Company

    1792 N Riley Hwy, Shelbyville, IN 46176
  • /25

    $185,000

    $15K PRICE DROP
    • Land

    6808 E Union Rd, Shelbyville, IN 46176

    Escape to the quiet of the countryside with this beautiful 9-acre wooded tract in Shelby County, Indiana. Tucked away and secluded, this property offers the perfect blend of privacy, nature, and build-ready potential. A completed perc test makes this an excellent candidate for your future country home, cabin, or weekend retreat. The land is highlighted by mature timber, providing natural beauty,

    Christopher Turnbell Geswein Farm & Land Realty

    6808 E Union Rd, Shelbyville, IN 46176
  • /11

    $119,900

    $20K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,200 Sq Ft

    729 E Washington St, Shelbyville, IN 46176

    This property has tons of potential. No utilities are on - please view during the day only. 2-3 bedrooms, 2 bathrooms, living room, dining room and kitchen, utility room, and attached garage. front yard is fenced w/a deck for the porch.

    Amy Limpus The Property Shop of Indiana

    729 E Washington St, Shelbyville, IN 46176
  • /38

    $158,000

    • 4 Beds
    • 2 Baths
    • 1,680 Sq Ft

    416 Montgomery St, Shelbyville, IN 46176

    This 4-bedroom, 2-bath home offers a great opportunity for an investor or buyer looking to build some sweat equity. Built in 2001 by Habitat for Humanity, this home features an eat-in kitchen with patio access to the backyard, a spacious living room with staircase, and two bedrooms conveniently located on the main level. Upstairs you'll find two additional bedrooms and a second full bath. With a

    Nathan Runnebohm Runnebohm Realty, LLC

    416 Montgomery St, Shelbyville, IN 46176
  • /6

    $120,000

    • Land
    • 15,681 Sq Ft
    • $333,333 per Acre

    TBD Eastern Ave, Shelbyville, IN 46176

    Two lots being sold together and subject to a common closing with 1415 E. Michigan Road (BLC 21956964). These two lots served as parking for the former Fiddlers Three restaurant. Per Shelbyville Planning & Building, both lots are zoned R-1 and can continue to be used for parking. Any change in use would require a re-zone and it seems Business Highway (BH) would be the most appropriate class, and

    Stan Comer Carpenter, REALTORS®

    TBD Eastern Ave, Shelbyville, IN 46176
  • /50

    $115,500

    $10K PRICE DROP
    • 4 Beds
    • 1.5 Baths
    • 2,202 Sq Ft

    204 E Pennsylvania St, Shelbyville, IN 46176

    There's something special about a home that has stood the test of time, and this one delivers that charm the moment you pull up. With its spacious layout and inviting feel, it's easy to picture making this house your own. If you've been looking for room to grow and a place with character, this is one you won't want to miss. Built in 1870, this two-level ranch-style home offers 2,112 square feet

    Terry Young Red Bridge Real Estate

    204 E Pennsylvania St, Shelbyville, IN 46176

Home Trends in Shelbyville, IN

Housing Trends

Median Sale Price
$263,587
Median Single Family Sale Price
$267,450
Median Townhouse Sale Price
$199,000
Median 2 Bedroom Sale Price
$242,900
Median 1 Bedroom Sale Price
$92,625
Average Price Per Sq Ft
$147
Number of Homes for Sale
120
Last 12 months Home Sales
424
Months of Supply
3.40
Median List Price
$269,999
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
15%
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