Shelbyville, IN Homes for Sale under $400,000

/24
$310,990

New Construction $12K PRICE DROP
- 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
Explore Shelbyville
/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
/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
/34
$336,990

New Construction $13K PRICE DROP
- 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
/54
$375,000
- 2 Beds
- 1.5 Baths
- 2,384 Sq Ft
4296 E 100 N, Shelbyville, IN 46176

Just what you've been waiting for! 5 Acres-Log Home with an addition and garage added on- Natural Gas Well, huge bonus! Big family kitchen/dining rm combo, 2 bedrooms on main level plus an unfinished loft with a closet and skylights on 2nd level, insulation has been installed. There are several sheds on the property. Huge garden area in back and big ole shade trees. Seller has updated a few

Judy Lauziere Carpenter, REALTORS®

4296 E 100 N, 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
/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
/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
$349,990

New Construction $8K PRICE DROP
- 3 Beds
- 2.5 Baths
- 2,755 Sq Ft
2321 Bear Oak Run, Shelbyville, IN 46176

Welcome to 2321 Bear Oak Run, Shelbyville, Indiana — a stunning new construction home built by M/I Homes. This thoughtfully designed home offers 2,755 square foot of well-planned living space, featuring 3 bedrooms, 2.5 bathrooms, and an open-concept living space that is perfect for both everyday living and entertaining.Key Features: Study upgrade Electric fireplace Walk-in closet in every

M/I Homes Builder

2321 Bear Oak Run, 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

The Norway is one of Arbor Homes most popular floorplans a flexible 5-bedroom, 2.5-bath design with incredible space and curb appeal. Choose from multiple exterior elevations or add an optional third-car garage for extra storage, a workshop, or space for outdoor gear.Step inside from the front porch to find a welcoming dining room that can easily double as a playroom or creative space. Toward the

Arbor Homes Builder

20 Isabelle Ln Unit 36469060, 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
/30
$326,900

New Construction $8K PRICE INCREASE
- 4 Beds
- 2.5 Baths
- 2,346 Sq Ft
1550 Aster Dr, Shelbyville, IN 46176

Discover the expansive elegance of the two-story Stamford floor plan, nestled within the charming Summerfield community in Shelbyville, Indiana. This thoughtfully designed home features 4 bedrooms and 2.5 bathrooms, encompassing 2,346 square feet of inviting living space. The open-concept layout seamlessly integrates the kitchen with the living area, ideal for both everyday activities and

D.R. Horton Builder

1550 Aster Dr, Shelbyville, IN 46176
/25
$318,900

$6K PRICE DROP
- 5 Beds
- 2 Baths
- 3,145 Sq Ft
2216 Cherrybark Ct, Shelbyville, IN 46176

This generous 3145 sq ft single-family residence, built in 2017, offers a contemporary foundation for sophisticated living. This impressive home spans two stories, providing distinct living zones and ample space for every need. With five bedrooms, there is abundant accommodation for family and guests, ensuring comfort and privacy for all. The two full bathrooms are thoughtfully appointed,

Claire Dennett Exodus Realty

2216 Cherrybark Ct, 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
$309,900

$25K PRICE DROP
- 3 Beds
- 2 Baths
- 1,406 Sq Ft
1315 Bontrager Ln, Shelbyville, IN 46176

Assumable Mortgage! 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 molding, quartz countertops, tile backsplash, large pantry and island. Primary bedroom offers double vanity sinks, tiled shower w bench &

Marianne Walker F.C. Tucker Company

1315 Bontrager 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
/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
/2
$329,990

New Construction $7K PRICE DROP
- 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
/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
/2
$304,995

New Construction
- 4 Beds
- 2.5 Baths
- 2,343 Sq Ft
175 Isabelle Ln, Shelbyville, IN 46176

Welcome to your new home in the inviting Isabelle Farms community! Isabelle Farms offers a perfect blend of connection and everyday convenience with access to nearby highways and activities like museums, parks with trails and water access, a casino and racing venue, seasonal farmers markets, outdoor concerts, and even a classic drive-in theater just minutes from home, along with a community

Arbor Homes Builder

175 Isabelle Ln, 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
/53
$319,900
- 4 Beds
- 2 Baths
- 4,108 Sq Ft
336 W Broadway St, Shelbyville, IN 46176

Don't let the modern exterior fool you-this stunning home is full of character and charm on the inside! Featuring 4 bedrooms, 2 bathrooms, and a versatile bonus room, this home offers plenty of space with even more potential for expansion. Step inside to find unique details like two staircases, pocket doors, and beautiful stained glass windows that add timeless character throughout. The spacious

Brooke Batton Hoosier, REALTORS®

336 W Broadway St, Shelbyville, IN 46176
/86
$399,900

$49K PRICE DROP
- 5 Beds
- 2.5 Baths
- 3,220 Sq Ft
2415 Derby Dr, Shelbyville, IN 46176

Welcome Home! Wonderful opportunity to live in the highly desirable Trotters Chase on one of the largest lots in the subdivision. This 5 bedroom, 2.5 bath brick beauty is on the pond, and across from an abundance of amenities including pickleball, the pool, basketball courts, and the clubhouse. With updates galore, you will be amazed from the second you walk through the front door. Fresh, neutral

Melissa Mendoza CENTURY 21 Scheetz

2415 Derby Dr, Shelbyville, IN 46176
/19
$362,000
- 4 Beds
- 2.5 Baths
- 2,807 Sq Ft
2620 N Richard Dr, Shelbyville, IN 46176

Your own private backyard oasis awaits! Enjoy staycation vibes all summer long with a stunning 30x40 in-ground pool, pool house for storage and supplies, gazebo, huge wood deck for entertaining, fire pit, dog run, fenced backyard, and plenty of green space for play and relaxation! Inside, you'll love the spacious 26x16 Great Room featuring two skylights and doors opening directly to the beautiful

Michelle Collings RE/MAX Realty Group

2620 N Richard Dr, Shelbyville, IN 46176
/2
$302,990

New Construction $7K PRICE DROP
- 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
/70
$360,000

$60K PRICE DROP
- 5 Beds
- 2.5 Baths
- 2,898 Sq Ft
3643 W 600 S, Shelbyville, IN 46176

Perched atop a scenic hill on 1.9 acres, this charming old white farmhouse is full of timeless character and classic appeal. From the moment you arrive, you'll appreciate the peaceful setting, beautiful views, and the warmth this home has to offer. Inside, the home showcases stunning original woodwork, a gorgeous stained glass window at the base of the staircase, elegant pocket doors leading into

Nathan Runnebohm Runnebohm Realty, LLC

3643 W 600 S, 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
/36
$389,900
- 3 Beds
- 3 Baths
- 2,305 Sq Ft
2307 Saddle Dr, Shelbyville, IN 46176

Enjoy maintenance free living in this beautiful home at The Villas At Derby Run! This home is one of the few in the neighborhood with 3 bedrooms and 3 full bathrooms! A primary bath on the main floor with a double vanity, custom tiled shower, and walk in closet, a second bedroom and full bath on the main and then another primary suite on the second level. Over 2100 s.f. of living space plus a

Terry Brown CENTURY 21 Scheetz

2307 Saddle Dr, 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
/29
$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

Indiana Shelby County Shelbyville

Home Trends in Shelbyville, IN

On average, homes in Shelbyville, IN sell after 53 days on the market compared to the national average of 58 days. The median sale price for homes in Shelbyville, IN over the last 12 months is $263,990, up 15% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$263,990

Median Single Family Sale Price

$267,500

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

423

Months of Supply

3.40

Median List Price

$272,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

15%

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 34 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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