Shelbyville, IN Homes for Sale under $400,000

/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
Explore Shelbyville
/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
/32
$303,990 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
/49
$370,000
- 3 Beds
- 3 Baths
- 2,520 Sq Ft
1812 S Clark Rd, Shelbyville, IN 46176

Your next chapter starts here-Welcome home to a space designed for the life you've been dreaming about. From the moment you step inside, you'll feel the warmth of natural light pouring through the home and the sense of privacy that comes with your own 1.42 acres of peaceful surroundings. This beautiful 3-bedroom, 3 full bathroom home offers the perfect blend of comfort, charm, and functionality.

Camelia Cucuruz Runnebohm Realty, LLC

1812 S Clark Rd, Shelbyville, IN 46176
/35
$310,000
- 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
/24
$310,000
- 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
/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
/28
$325,000
- 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
/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
/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
/25
$333,625 New Construction
- 4 Beds
- 2.5 Baths
- 2,346 Sq Ft
1419 Aster Dr, Shelbyville, IN 46176

Discover the spacious elegance of the two-story Stamford floor plan in Summerfield, our vibrant new home community in Shelbyville, Indiana. This thoughtfully designed 4-bedroom, 2.5-bathroom home offers 2,346 square feet of comfortable, modern living. The open concept design seamlessly connects the kitchen and living area, creating an inviting space for both everyday moments and entertaining

D.R. Horton Builder

1419 Aster Dr, Shelbyville, IN 46176
/4
$334,900 New Construction
- 4 Beds
- 2.5 Baths
- 2,904 Sq Ft
Lyndhurst Plan at Summerfield, Shelbyville, IN 46176

The Lyndhurst stands as a magnificent testament to spacious, modern design, offering an expansive two-story layout that encompasses 2,904 square feet of light-filled living space. With 4 bedrooms and 2.5 bathrooms, this floorplan is specifically engineered for those who desire a grand open-concept feel without sacrificing the privacy required for a busy household. From the moment you cross the

D.R. Horton Builder

1467 Bluebonnet Place Unit 39800966, Shelbyville, IN 46176
/26
$314,900 New Construction
- 4 Beds
- 2.5 Baths
- 2,346 Sq Ft
1520 Aster Dr, Shelbyville, IN 46176

Discover the spacious elegance of the two-story Stamford floor plan in Summerfield, our vibrant new home community in Shelbyville, Indiana. This stunning 4-bedroom, 2.5-bathroom residence offers 2,346 square feet of thoughtfully designed living space. The open-concept living area seamlessly blends the kitchen with the living room, creating an inviting environment for both everyday life and

D.R. Horton Builder

1520 Aster Dr, Shelbyville, IN 46176
/36
$315,900 New Construction
- 5 Beds
- 3 Baths
- 2,600 Sq Ft
1407 Aster Dr, Shelbyville, IN 46176

Discover the Henley at Summerfield, an expansive two-story retreat designed for modern living in the heart of Shelbyville, Indiana. This thoughtfully crafted floor plan features five oversized bedrooms and three full baths, including a convenient main-level guest suite and full bath—an ideal setup for multi-generational families or visitors. The open-concept main floor flows seamlessly from the

D.R. Horton Builder

1407 Aster 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
/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
/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
/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
/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
/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
/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
/46
$306,995 New Construction
- 5 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
/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
/37
$312,400 New Construction
- 5 Beds
- 3 Baths
- 2,600 Sq Ft
Henley Plan at Summerfield, Shelbyville, IN 46176

Presenting the Henley floor plan by D.R. Horton, America’s Builder. This expansive 5-bedroom, 3-bathroom residence is masterfully designed to provide space for everyone, blending sophisticated style with the practical needs of a modern, active lifestyle. The main level is defined by its thoughtful versatility. Just off the foyer, a dedicated study offers a quiet sanctuary, perfect for a

D.R. Horton Builder

1467 Bluebonnet Place Unit 36206579, Shelbyville, IN 46176
$336,860 New Construction
- 3 Beds
- 2.5 Baths
- 2,308 Sq Ft
2311 Bear Oak Run, Shelbyville, IN 46176

Discover this beautifully designed new construction home at 2311 Bear Oak Run in Shelbyville. This thoughtfully crafted 2,308 square foot home offers an excellent opportunity to experience quality construction and contemporary living. Home Features: 3 bedrooms, 2.5 bathrooms 2.5-car garage Electric fireplace Loft Walk-in closets in each bedroom This home showcases quality design elements

M/I Homes Builder

2311 Bear Oak Run, Shelbyville, IN 46176
$309,590 New Construction
- 3 Beds
- 2.5 Baths
- 2,169 Sq Ft
2317 Bear Oak Run, Shelbyville, IN 46176

Discover this stunning new construction home at 2317 Bear Oak Run in Shelbyville. Built by M/I Homes, this thoughtfully designed 2,169 square foot home offers exceptional quality and contemporary living spaces perfect for today's lifestyle. This well-appointed home features: 3 bedrooms, 2.5 bathrooms Electric fireplace Loft Walk-in closets in each bedroom The home's design emphasizes

M/I Homes Builder

2317 Bear Oak Run, 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
$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

Indiana Shelby County Shelbyville

Home Trends in Shelbyville, IN

On average, homes in Shelbyville, IN sell after 49 days on the market compared to the national average of 55 days. The median sale price for homes in Shelbyville, IN over the last 12 months is $257,775, up 10% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$257,775

Median Single Family Sale Price

$266,494

Median Townhouse Sale Price

$223,500

Median 2 Bedroom Sale Price

$235,000

Median 1 Bedroom Sale Price

$92,625

Average Price Per Sq Ft

$147

Number of Homes for Sale

113

Last 12 months Home Sales

416

Months of Supply

3.30

Median List Price

$268,177

Median Change From 1st List Price

Median Home Sale Price YoY Change

10%

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 31 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

Shelbyville Homes by Price

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