Shelbyville, IN Homes for Sale under $400,000

$350,070 New Construction
- 4 Beds
- 2.5 Baths
- 2,755 Sq Ft
2332 Marjorie Way, Shelbyville, IN 46176

Discover this stunning new construction home located at 2332 Marjorie Way in Shelbyville. Built by M/I Homes, this thoughtfully designed 2,755 square foot home offers exceptional quality and craftsmanship throughout. Key Features: 4 bedrooms, 2.5 bathrooms First-floor flex room Walk-in closets in each bedroom Owner's en-suite bathroom This home showcases the superior building standards that M/I

M/I Homes Builder

2332 Marjorie Way, Shelbyville, IN 46176
Explore Shelbyville
/46
$306,995 New Construction
- 4 Beds
- 2.5 Baths
- 2,961 Sq Ft
Norway Plan at Isabelle Farms, Shelbyville, IN 46176

One of our newest floor plans and has quickly become one of our most popular. The open kitchen facing the large Great Room separated by a long bar-top is perfect for everything from late night entertaining to homework sessions, just one example of the flexibility of this floor plan. The den can also become a first floor 5th bedroom. The upstairs includes a loft, laundry room and a total of 4

Arbor Homes Builder

20 Isabelle Ln Unit 36469060, Shelbyville, IN 46176
/32
$304,990 New Construction
- 3 Beds
- 2.5 Baths
- 2,293 Sq Ft
2296 Marjorie Way, Shelbyville, IN 46176

Discover this stunning 2-story home for sale at 2296 Marjorie Way in the beautiful Bear Run community! With 2,293 square feet of thoughtfully designed living space, this new construction home blends modern design, open-concept layouts, and functional features that make everyday living a breeze. Home Highlights: 3 bedrooms and 2.5 bathrooms 2-car garage Spacious loft and laundry room upstairs

M/I Homes Builder

2296 Marjorie Way, Shelbyville, IN 46176
$322,730 New Construction
- 3 Beds
- 2.5 Baths
- 2,169 Sq Ft
2322 Marjorie Way, Shelbyville, IN 46176

Discover this exceptional new construction home at 2322 Marjorie Way in Shelbyville, built by M/I Homes. This thoughtfully designed 2,169 square foot home features an open-concept living space that seamlessly connects the main gathering areas, creating an inviting atmosphere for daily living and entertaining. Key Features: 3 bedrooms, 2.5 bathrooms Electric fireplace Spacious loft Walk-in closets

M/I Homes Builder

2322 Marjorie Way, Shelbyville, IN 46176
/33
$312,995 New Construction
- 5 Beds
- 2.5 Baths
- 3,198 Sq Ft
Empress Plan at Isabelle Farms, Shelbyville, IN 46176

Picture yourself in the spacious and flexible Empress floorplan a 3,200 sq. ft. home with five bedrooms, multiple living areas, and endless options to make it your own. Designed for those who love to entertain, The Empress offers both elegance and everyday comfort.Step inside to a welcoming living room that can double as a home office or sitting area. A powder room and formal dining room make

Arbor Homes Builder

20 Isabelle Ln Unit 36453306, Shelbyville, IN 46176
/32
$345,990 New Construction
- 3 Beds
- 2.5 Baths
- 2,293 Sq Ft
2330 William Garrett Way, Shelbyville, IN 46176

Welcome to our brand new 2-story model home at 2330 William Garrett Way in Shelbyville—now open for tours! With its inviting features and spacious layout, this Spring Valley Slab home is perfect for anyone looking for a new-build home in a fantastic location southeast of Indianapolis. As you step inside, you'll be greeted by an open floorplan that incorporates style and function seamlessly. The

M/I Homes Builder

2330 William Garrett Way, Shelbyville, IN 46176
/30
$306,990 New Construction
- 3 Beds
- 2.5 Baths
- 2,019 Sq Ft
1802 James Pierce Dr, Shelbyville, IN 46176

Discover this exceptional new construction home at 1802 James Pierce Drive in Shelbyville, built by M/I Homes. This thoughtfully designed 3-bedroom, 2.5-bathroom home offers 2,019 square feet of comfortable living space. Key Features: Open-concept living space Dining nook extension Electric fireplace Walk-in closets in each bedroom Owner's en-suite bathroom The home's floorplan maximizes both

M/I Homes Builder

1802 James Pierce Dr, Shelbyville, IN 46176
/57
$305,995 New Construction
- 4 Beds
- 2.5 Baths
- 2,813 Sq Ft
Cooper Plan at Isabelle Farms, Shelbyville, IN 46176

The Cooper offers thoughtful design and flexible options to fit every lifestyle. From its spacious foyer and turned staircase to the open-concept first floor, this floorplan is both functional and inviting.Choose from multiple elevations including an optional front porch and enjoy a two-car garage with extra storage or convert that space into a first-floor bedroom and full bath.The open layout

Arbor Homes Builder

20 Isabelle Ln Unit 36454969, Shelbyville, IN 46176
/35
$325,000
- 3 Beds
- 2 Baths
- 1,406 Sq Ft
1279 Bontrager Ln, Shelbyville, IN 46176

Welcome to this beautifully maintained, single-story home built in 2022, offering modern upgrades and thoughtful details throughout. Enjoy added privacy with a newly installed privacy fence and a gazebo-covered back patio-perfect for relaxing or entertaining outdoors. The front yard features upgraded landscaping that enhances curb appeal from the moment you arrive. Inside, the home shines with

Kelsey Rowe Steve Lew Real Estate Group, LLC

1279 Bontrager Ln, Shelbyville, IN 46176
/10
$300,000
- Land
- 9.81 Acres
- $30,581 per Acre
000 Coulston Ln, Shelbyville, IN 46176

9.81 acres in center of town. Land has public utilities at edge of land. Some of the land has woods on the edge. Land has two accesses from Paul St and Kermit St. Land is currently zoned residential and could make good building lots or lots of more options. Survey is one file.

Nathan Runnebohm Runnebohm Realty, LLC

000 Coulston Ln, Shelbyville, IN 46176
/38
$365,000
- 4 Beds
- 2.5 Baths
- 2,717 Sq Ft
2560 N Richard Dr, Shelbyville, IN 46176

Welcome to this spacious 4 bedroom, 2.5 bath two-story home with the perfect blend of comfort and convenience. Nestled in a quiet rural subdivision near a golf course, interstate access, and future development, this home offers the best of both peaceful living and accessibility. Step inside to find a very large living room with a cozy gas fireplace, ideal for family gatherings or relaxing

Nathan Runnebohm Runnebohm Realty, LLC

2560 N Richard Dr, Shelbyville, IN 46176
/36
$319,999 New Construction
- 4 Beds
- 2.5 Baths
- 2,871 Sq Ft
2032 Black Oak Dr, Shelbyville, IN 46176

Welcome to the Simplicity 2868 at 2032 Black Oak Drive in Twelve Oaks. This stunning new home is designed for both style and functionality. Step into the foyer and discover a versatile flex room and formal dining area, perfect for gatherings. Across the entry, you’ll find access to a two-car garage with extra storage space. Continue into the open-concept great room, where vinyl flooring flows

Taylor Morrison Builder

2032 Black Oak Dr, Shelbyville, IN 46176
/8
$380,000 New Construction
- 4 Beds
- 3.5 Baths
- 2,400 Sq Ft
134 W Franklin St, Shelbyville, IN 46176

Prime Downtown Living Opportunity - 134 W Franklin St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 134 W Franklin St provides an unparalleled blend of convenience and customization. This premier

Michelle Nolley Nolley Realty Services, LLC

134 W Franklin St, Shelbyville, IN 46176
/9
$380,000 New Construction
- 4 Beds
- 2.5 Baths
- 2,400 Sq Ft
180 W Washington St, Shelbyville, IN 46176

Prime Downtown Living Opportunity - 180 W Washington St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 180 W Washington St provides an unparalleled blend of convenience and customization. This

Michelle Nolley Nolley Realty Services, LLC

180 W Washington St, Shelbyville, IN 46176
/9
$380,000 New Construction
- 4 Beds
- 3.5 Baths
- 2,400 Sq Ft
154 W Franklin St, Shelbyville, IN 46176

Prime Downtown Living Opportunity - 154 W Franklin St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 154 W Franklin St provides an unparalleled blend of convenience and customization. This premier

Michelle Nolley Nolley Realty Services, LLC

154 W Franklin St, Shelbyville, IN 46176
/34
$319,999
- 4 Beds
- 2.5 Baths
- 2,263 Sq Ft
1423 Buttercup Ln, Shelbyville, IN 46176

Welcome to this nearly new, 2-year-old 2-story home that offers the perfect blend of modern convenience and comfortable living. With 4 generously sized bedrooms, 2.5 bathrooms, it's an ideal space for both family living and entertaining. Step inside to discover a bright and airy floor plan with stylish finishes throughout. The spacious living room flows seamlessly into the dining area and

Barbara Whiteside Keller Williams Indy Metro NE

1423 Buttercup Ln, Shelbyville, IN 46176
/60
$344,900
- 3 Beds
- 2 Baths
- 2,628 Sq Ft
3107 N 100 W, Shelbyville, IN 46176

Thinking of homesteading? Then look no further for lots of space found in this solid, custom built 1-owner home featuring 3 bedrooms, 2 full baths, a full finished basement and 4 car detached garage on 2 acres. Now available for your next move, you'll find a comfortable home featuring hardwood floors with some carpet, tiled bathrooms, a spacious kitchen with large dining room and a family

Linda West Carpenter, REALTORS®

3107 N 100 W, Shelbyville, IN 46176
/9
$380,000 New Construction
- 3 Beds
- 2.5 Baths
- 2,400 Sq Ft
167 W Franklin St, Shelbyville, IN 46176

Prime Downtown Living Opportunity - 167 W Franklin St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 167 W Franklin St provides an unparalleled blend of convenience and customization. This premier

Michelle Nolley Nolley Realty Services, LLC

167 W Franklin St, Shelbyville, IN 46176
/2
$309,990 New Construction
- 3 Beds
- 2.5 Baths
- 2,293 Sq Ft
2307 William Garrett Way, Shelbyville, IN 46176

Discover this stunning new construction home at 2307 William Garrett Way Shelbyville, built by M/I Homes. This thoughtfully designed 3-bedroom, 2.5-bathroom home offers 2,293 square feet of open-concept living space perfect for modern family life. Key features include: Open-concept living space Second-floor loft Walk-in closets in each bedroom Owner's en-suite bathroom The home's design

M/I Homes Builder

2307 William Garrett Way, Shelbyville, IN 46176
/27
$324,900
- 1 Bed
- 1 Bath
617 W Franklin St, Shelbyville, IN 46176

CASH COW! CALLING ALL INVESTORS! Incredible opportunity in the booming Shelbyville Community. Located in historic West Side, This 5 unit money maker is now up for sale! Why buy one investment door when you can buy 5? Several rehabs have taken place over the past few years, and several infrastructural improvements as well. Nice architectural features, sits on a corner of alley for easy parking for

Justin Polston Mackenzie Allen, Polston & Ass

617 W Franklin St, Shelbyville, IN 46176
/9
$380,000 New Construction
- 4 Beds
- 2.5 Baths
- 2,400 Sq Ft
143 W Franklin St, Shelbyville, IN 46176

Prime Downtown Living Opportunity - 143 W Franklin St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 143 W Franklin St provides an unparalleled blend of convenience and customization. This premier

Michelle Nolley Nolley Realty Services, LLC

143 W Franklin St, Shelbyville, IN 46176
/24
$335,000
- 3 Beds
- 2 Baths
- 1,406 Sq Ft
1315 Bontrager Ln, Shelbyville, IN 46176

Welcome to the Hollister, 3 Bed/ 2 bath all brick ranch in Twin Lakes. This popular floor plan features an appealing split bedroom plan & open concept living area perfect for entertaining. The kitchen offers beautiful cabinetry with crown moulding, quartz countertops, tile backsplash, large pantry and island. Primary bedroom offers double vanity sinks, tiled shower w bench & walk-in closet. Added

Marianne Walker F.C. Tucker Company

1315 Bontrager Ln, Shelbyville, IN 46176
/24
$339,900 New Construction
- 2 Beds
- 2 Baths
- 1,571 Sq Ft
2331 Saddle Dr, Shelbyville, IN 46176

Luxury, comfort, and easy lifestyle living await you with this brand new condo. Cake ceilings with can lights, remote control ceiling fans, stainless steel appliances, large walk-in pantry, granite tops, spacious garage, and if you need more living space--there is an unfinished upstairs bedroom and full bath possibility. Community has a pool, clubhouse, pickleball courts, basketball courts,

Connie Lindsay Runnebohm Realty, LLC

2331 Saddle Dr, Shelbyville, IN 46176
/48
$321,500
- 5 Beds
- 3 Baths
- 2,600 Sq Ft
2360 Larkspur Ln, Shelbyville, IN 46176

Don't miss this almost new 2,600 sq. ft. home situated on a large corner lot with a fully fenced backyard - perfect for entertaining or relaxing outdoors. Step inside to an inviting layout featuring 5 bedrooms, a breakfast area, and a flexible formal dining/office space. The main floor includes a bedroom/playroom, and a full bath, while upstairs you'll find the primary suite with a walk-in closet

Michelle Nolley Nolley Realty Services, LLC

2360 Larkspur Ln, Shelbyville, IN 46176
/9
$380,000 New Construction
- 4 Beds
- 2.5 Baths
- 2,400 Sq Ft
178 W Franklin St, Shelbyville, IN 46176

Prime Downtown Living Opportunity - 178 W Franklin St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 178 W Franklin St provides an unparalleled blend of convenience and customization. This premier

Michelle Nolley Nolley Realty Services, LLC

178 W Franklin St, Shelbyville, IN 46176
/28
$350,000
- 3 Beds
- 2 Baths
- 2,215 Sq Ft
1436 Bark Ln, Shelbyville, IN 46176

This thoughtfully designed all-brick custom home showcases timeless craftsmanship paired with modern comfort, offering 3 spacious bedrooms and 2 full bathrooms. The open concept floor plan creates a seamless flow throughout, highlighted by a gourmet kitchen with generous storage that opens directly to the great room with soaring cathedral ceilings and a warm gas fireplace-perfect for gatherings

Rebecca Allen F.C. Tucker/Sirkus-Allen

1436 Bark Ln, Shelbyville, IN 46176
/26
$305,400 New Construction
- 4 Beds
- 2.5 Baths
- 2,346 Sq Ft
Stamford Plan at Summerfield, Shelbyville, IN 46176

Find all the space you need in the two-story Stamford floor plan in Summerfield, our new home community in Shelbyville, Indiana. Inside this 4 bedroom, 2.5 bathroom home, you’ll find 2,346 square feet of comfortable living. The living area is an open concept, where your kitchen blends seamlessly into a living area perfect for everyday living and entertaining. On the first floor, the kitchen is in

D.R. Horton Builder

1467 Bluebonnet Place Unit 36206583, Shelbyville, IN 46176
/65
$349,900
- 4 Beds
- 2.5 Baths
- 1,918 Sq Ft
1045 Swinford St, Shelbyville, IN 46176

Discover an inviting home awaiting you at 1045 Swinford ST, SHELBYVILLE, IN. This single-family residence in Shelby County is ready to move in. The heart of this home is undoubtedly the kitchen, where culinary dreams come to life amidst shaker cabinets crowned with elegant molding, stone countertops providing ample space for preparation, and a backsplash adding a touch of sophistication. The

Michael Haehl FULL CANOPY REAL ESTATE, LLC

1045 Swinford St, Shelbyville, IN 46176
/7
$380,000 New Construction
- 3 Beds
- 2.5 Baths
- 2,400 Sq Ft
142 W Franklin St, Shelbyville, IN 46176

Prime Downtown Living Opportunity - 142 W Franklin St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 142 W Franklin St provides an unparalleled blend of convenience and customization. This premier

Michelle Nolley Nolley Realty Services, LLC

142 W Franklin St, Shelbyville, IN 46176
/9
$380,000
- 4 Beds
- 2.5 Baths
- 2,400 Sq Ft
179 W Franklin St, Shelbyville, IN 46176

Prime Downtown Living Opportunity - 179 W Franklin St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 179 W Franklin St provides an unparalleled blend of convenience and customization. This premier

Michelle Nolley Nolley Realty Services, LLC

179 W Franklin St, Shelbyville, IN 46176
/7
$380,000 New Construction
- 4 Beds
- 3.5 Baths
- 2,400 Sq Ft
166 W Franklin St, Shelbyville, IN 46176

Prime Downtown Living Opportunity - 166 W Franklin St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 166 W Franklin St provides an unparalleled blend of convenience and customization. This premier

Michelle Nolley Nolley Realty Services, LLC

166 W Franklin St, Shelbyville, IN 46176
/9
$380,000 New Construction
- 4 Beds
- 2.5 Baths
- 2,400 Sq Ft
155 W Franklin St, Shelbyville, IN 46176

Prime Downtown Living Opportunity - 155 W Franklin St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 155 W Franklin St provides an unparalleled blend of convenience and customization. This premier

Michelle Nolley Nolley Realty Services, LLC

155 W Franklin St, Shelbyville, IN 46176
/37
$312,400 New Construction
- 5 Beds
- 3 Baths
- 2,600 Sq Ft
Henley Plan at Summerfield, Shelbyville, IN 46176

D.R. Horton, America’s Builder, presents the Henley plan. This two-story home provides 5 large bedrooms and 3 full baths. The main level living area offers solid surface flooring throughout for easy maintenance. The staircase enters from the family room for convenience and privacy. The kitchen offers beautiful cabinetry, a large pantry and a built-in island with ample seating space. Also on the

D.R. Horton Builder

1467 Bluebonnet Place Unit 36206579, Shelbyville, IN 46176

Indiana Shelby County Shelbyville

Home Trends in Shelbyville, IN

On average, homes in Shelbyville, IN sell after 44 days on the market compared to the national average of 54 days. The median sale price for homes in Shelbyville, IN over the last 12 months is $250,000, up 6% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$250,000

Median Single Family Sale Price

$264,999

Median Townhouse Sale Price

$248,000

Median 2 Bedroom Sale Price

$241,500

Median 1 Bedroom Sale Price

$78,700

Average Price Per Sq Ft

$147

Number of Homes for Sale

114

Last 12 months Home Sales

400

Months of Supply

3.40

Median List Price

$267,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

Explore the array of homes and houses for sale under $400,000 in Shelbyville, where you'll find 33 options tailored for those seeking affordable real estate opportunities. Whether you're interested in spacious family homes, modern townhouses, or cozy bungalows, Shelbyville offers a diverse range of choices to match your needs and financial considerations. Take advantage of these affordably-priced properties to make your move into the real estate market in Shelbyville, IN.

Shelbyville Types of Homes for Sale

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