Shelby Real Estate
52 active listings · 108 sold in the past 12mo
$406,420
Median List Price
108
Sold (past 12mo)
98
Avg Days on Market
+14.5%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Your Shelby Realtor
Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Shelby and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
Active Listings
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Homes for Sale(52)
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For Sale
1/28
$791,990
13973 Regatta Bay Drive, Shelby, MI 48315
4 bd5 ba4,384 sqft0.30 ac
Single Family
For Sale
1/41
$771,490
13987 Leeward Drive, Shelby, MI 48315
4 bd3 ba3,974 sqft0.32 ac
Single Family
For Sale
1/31
$708,490
14075 Regatta Bay Drive, Shelby, MI 48315
3 bd3 ba2,719 sqft0.38 ac
Single Family
For Sale
1/23
$699,900
7368 Brys Drive, Shelby, MI 48316
3 bd3 ba2,165 sqft0.28 ac
Single Family
For Sale
1/22
$674,990
13743 Stone Falcon Drive, Shelby, MI 48315
3 bd3 ba2,568 sqft0.30 ac
Single Family
For Sale
1/49
$647,490
14305 Greenshire Drive, Shelby, MI 48315
4 bd3 ba3,172 sqft0.32 ac
Single Family
For Sale
1/40
$642,990
14227 Edenshire Drive, Shelby, MI 48315
4 bd3 ba3,166 sqft0.25 ac
Single Family
For Sale
1/49
$639,490
13713 Stone Falcon North Drive, Shelby, MI 48315
4 bd3 ba3,172 sqft0.28 ac
Single Family
For Sale
1/41
$616,490
13759 Eagles Way Drive, Shelby, MI 48315
4 bd3 ba2,834 sqft0.25 ac
Single Family
For Sale
1/52
$600,490
13683 Stone Falcon North, Shelby, MI 48315
4 bd3 ba2,769 sqft0.42 ac
Single Family
For Sale
1/2
$589,990
56357 Twin Birch Boulevard, Shelby, MI 48315
3 bd2 ba2,389 sqft0.15 ac
Condo
For Sale
1/29
$589,900
264 S 152nd Avenue - Cabin and 60 Acres, Shelby, MI 49455
0 bd2 ba2,100 sqft58.76 ac
Single Family
For Sale
1/17
$549,990
55769 Oak Pointe Drive, Shelby, MI 48315
2 bd2 ba1,702 sqft
Condo
For Sale
1/2
$548,990
14013 Crimson Oak Drive, Shelby, MI 48315
3 bd2 ba2,133 sqft
Condo
For Sale
1/22
$548,990
55825 Oak Pointe Drive, Shelby, MI 48315
4 bd3 ba2,309 sqft
Condo
For Sale
1/2
$548,490
14044 Goike Drive, Shelby, MI 48315
2 bd2 ba1,905 sqft
Condo
For Sale
1/40
$529,900
53710 Wellington Drive, Shelby, MI 48315
4 bd3 ba0.31 ac
Single Family
For Sale
1/20
$523,990
55805 Oak Pointe Drive, Shelby, MI 48315
2 bd2 ba1,790 sqft
Condo
For Sale
1/31
$469,900
346 Orchard View Drive, Shelby, MI 49455
4 bd3 ba3,967 sqft0.73 ac
Single Family
For Sale
1/33
$437,015
54193 Grand Boulevard, Shelby, MI 48316
3 bd3 ba2,302 sqft
Condo
For Sale
1/29
$429,900
10412 W Woodrow Road, Shelby, MI 49455
4 bd3 ba2,829 sqft0.67 ac
Single Family
For Sale
1/34
$429,900
6275 Westmoor Drive, Shelby, MI 48316
4 bd3 ba2,487 sqft0.30 ac
Single Family
For Sale
1/33
$420,330
54148 Grand Boulevard, Shelby, MI 48316
3 bd3 ba2,302 sqft
Condo
For Sale
1/27
$414,990
54456 Grand Boulevard, Shelby, MI 48316
3 bd3 ba1,970 sqft
Condo
Recently Sold(108)
Frequently Asked Questions about Shelby
What is the current real estate inventory in Shelby?
Buyers in Shelby can choose from 52 active listings. The median asking price is $406,420.
What is the median home price in Shelby?
The median sale price in Shelby is $406,420, based on 108 closed sales over the past 12 months.
How fast do homes sell in Shelby?
Homes in Shelby sell in an average of 98 days, based on 108 sales over the past 12 months.
What school districts serve Shelby?
Multiple school districts may serve Shelby. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Shelby a buyer's or seller's market?
Shelby is currently a balanced market, with 5.8 months of supply. That ratio comes from 52 active listings relative to 108 sales per year.
How much are property taxes in Shelby?
Property taxes in Shelby are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
Is housing demand growing in Shelby?
Census demographic data shows a +14.5% Household Formation Gap in Shelby. As average household size fell from 2.87 to 3.05, the estimated number of households grew by 107. Population grew 21.7% over the same period. HFG is a secondary market indicator reflecting household formation trends, distinct from primary indicators like comparative market analysis.