Is Shelby, IA 51570 a buyer’s or seller’s market?
Shelby is a seller’s market. With about 1.3 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.3Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list99.4%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$144▲ +37.6% vs. last year
Run the numbers for 51570
Nearby markets
Defiance 51527Seller’s market $86 /sq ftEarling 51530 $64 /sq ftElk Horn 51531Seller’s market $107 /sq ftHarlan 51537Seller’s market $108 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology