Shelby Township, MI Housing Market

$390,405

3.7% 1-yr

The average Shelby Township, MI home value is $390,405, up 3.7% over the past year, and homes go to pending in around 29 days. (Updated on 1/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Shelby Township Key Takeaways

Typical Home Values: $390,405

1-Year Value Change: +3.7%

(Data through January 31, 2026)

Shelby Township Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 187 (January 31, 2026)

New Listings: 46 (January 31, 2026)

Median Sale to List Ratio: 0.990 (December 31, 2025)

Median Sale Price: $360,733 (December 31, 2025)

Median List Price: $414,117 (January 31, 2026)

Percent of Sales Over List Price: 25.7% (December 31, 2025)

Percent of Sales Under List Price: 58.8% (December 31, 2025)

Median Days to Pending: 29 (January 31, 2026)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Shelby Township

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Shelby Township Homes for Sale

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Shelby Township Rental Market Trends

Average Rent: $1,452 (January 31, 2026)

National Average Rent: $1,895 (January 31, 2026)

Month-Over-Month Change: -0.6% (January 31, 2026)

Year-Over-Year Change: 8.5% (January 31, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.