Shelbyville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Shelbyville averaged
6.72%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.15% and
one month ago for the week of 2023-02-09, the
average rate was 6.34%.
Shelbyville's average rate one year ago was 3.68%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.59%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Shelbyville 30 Year Fixed Rate | 2023-03-16 | 6.72% |
| Shelbyville 30 Year Fixed Rate Refi | 2023-03-16 | 6.59% |
| Shelbyville 15 Year Fixed Rate | 2023-03-16 | 6.87% |
| Shelbyville 15 Year Fixed Rate Refi | 2023-03-16 | 6.81% |
| Shelbyville 30 Year FHA | 2023-03-16 | 6.32% |
| Shelbyville 30 Year FHA Refi | 2023-03-16 | 6.34% |
| Shelbyville 30 Year USDA | 2023-03-16 | 6.38% |
| Shelbyville 30 Year USDA Refi | 2023-03-16 | 6.36% |
| Shelbyville 30 Year VA | 2023-03-16 | 6.1% |
| Shelbyville 30 Year VA Refi | 2023-03-16 | 5.77% |
Shelbyville Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Shelbyville, TN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Shelbyville Average Closing Costs & Other Stats
Shelbyville, TN's 108 lenders originated 1,442
loans during 2022. The total origination value was $337,560,000, with an average loan value of
$234,092.
Shelbyville's average closing costs are $5,202.
The top Shelbyville lender as defined by loan originations is FIRST COMMUNITY MORTGAGE, INC., with
99 loans originated. Their average total fees are
$6,664, which is $461
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Shelbyville lenders (with over 10 loans originated) are
ASCEND FEDERAL CREDIT UNION ($2,619), HERITAGE SOUTH COMMUNITY CU ($3,258), SWBC MORTGAGE CORPORATION ($3,618), The First National Bank of Middle Tennessee ($4,658) and FirstBank ($4,750).
The lowest rate Shelbyville lenders (with over 10 loans originated) are
HERITAGE SOUTH COMMUNITY CU (3.70%), ASCEND FEDERAL CREDIT UNION (4.18%), PENNYMAC LOAN SERVICES, LLC (4.58%), Pinnacle Bank (4.60%) and SWBC MORTGAGE CORPORATION (4.79%).
Shelbyville, TN Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| FIRST COMMUNITY MORTGAGE, INC. | $66,315,000 | $51,085,000 | -23.0% | 15.1% |
| QUICKEN LOANS, LLC | $44,755,000 | $26,495,000 | -40.8% | 7.8% |
| FirstBank | $20,900,000 | $17,215,000 | -17.6% | 5.1% |
| CMG MORTGAGE, INC. | $16,615,000 | $16,260,000 | -2.1% | 4.8% |
| ASCEND FEDERAL CREDIT UNION | $13,740,000 | $15,560,000 | 13.2% | 4.6% |
| HERITAGE SOUTH COMMUNITY CU | $14,770,000 | $12,155,000 | -17.7% | 3.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,030,000 | $11,195,000 | 24.0% | 3.3% |
| The First National Bank of Middle Tennessee | $20,615,000 | $9,875,000 | -52.1% | 2.9% |
| Farm Credit Mid-America, ACA | $13,130,000 | $8,110,000 | -38.2% | 2.4% |
| Citizens Bank of Lafayette | $3,020,000 | $7,500,000 | 148.3% | 2.2% |
| PENNYMAC LOAN SERVICES, LLC | $7,675,000 | $6,220,000 | -19.0% | 1.8% |
| First Horizon Bank | $8,280,000 | $5,535,000 | -33.2% | 1.6% |
| Pinnacle Bank | $8,065,000 | $5,270,000 | -34.7% | 1.6% |
| SWBC MORTGAGE CORPORATION | $5,515,000 | $5,170,000 | -6.3% | 1.5% |
| Mortgage Research Center, LLC | $5,105,000 | $4,450,000 | -12.8% | 1.3% |
| Regions Bank | $6,110,000 | $3,800,000 | -37.8% | 1.1% |
| LOANDEPOT.COM, LLC | $8,655,000 | $3,735,000 | -56.8% | 1.1% |
| U.S. Bank | $6,330,000 | $3,735,000 | -41.0% | 1.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,185,000 | $3,625,000 | 205.9% | 1.1% |
| First Vision Bank of Tennessee | $3,455,000 | n/a | 1.0% | |
| GUARANTEED RATE, INC. | $5,195,000 | $3,330,000 | -35.9% | 1.0% |
| Volunteer State Bank | $3,290,000 | n/a | 1.0% | |
| F&M Bank | $5,455,000 | $3,040,000 | -44.3% | 0.9% |
| Wilson Bank And Trust | $7,035,000 | $2,980,000 | -57.6% | 0.9% |
| Ameris Bank | $2,620,000 | $2,850,000 | 8.8% | 0.8% |
| Wells Fargo Bank | $3,780,000 | $2,840,000 | -24.9% | 0.8% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,690,000 | $2,715,000 | -26.4% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,430,000 | $2,700,000 | -39.1% | 0.8% |
| Citizens Bank | $270,000 | $2,415,000 | 794.4% | 0.7% |
| Legacy Home Loans, LLC | $3,880,000 | $2,415,000 | -37.8% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $10,740,000 | $2,405,000 | -77.6% | 0.7% |
| EVANSVILLE TEACHERS | $215,000 | $2,310,000 | 974.4% | 0.7% |
| PLANET HOME LENDING, LLC | $1,485,000 | $2,275,000 | 53.2% | 0.7% |
| Magnolia Bank | $6,030,000 | $2,225,000 | -63.1% | 0.7% |
| BROKER SOLUTIONS, INC. | $2,325,000 | $2,170,000 | -6.7% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,480,000 | $2,125,000 | -14.3% | 0.6% |
| THE MORTGAGE FIRM, INC. | $700,000 | $2,115,000 | 202.1% | 0.6% |
| NEW DAY FINANCIAL, LLC | $2,475,000 | $2,105,000 | -14.9% | 0.6% |
| REDSTONE Federal Credit Union | $2,490,000 | $2,105,000 | -15.5% | 0.6% |
| ACOPIA, LLC | $3,055,000 | $1,895,000 | -38.0% | 0.6% |
| CapStar Bank | $2,090,000 | $1,770,000 | -15.3% | 0.5% |
| ISERVE RESIDENTIAL LENDING, LLC | $3,605,000 | $1,765,000 | -51.0% | 0.5% |
| CHURCHILL MORTGAGE CORPORATION | $3,140,000 | $1,735,000 | -44.7% | 0.5% |
| Colten Mortgage, LLC | $850,000 | $1,735,000 | 104.1% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,920,000 | $1,730,000 | -40.8% | 0.5% |
| JPMorgan Chase Bank | $2,600,000 | $1,715,000 | -34.0% | 0.5% |
| Bank of America | $775,000 | $1,685,000 | 117.4% | 0.5% |
| NEWREZ LLC | $2,895,000 | $1,625,000 | -43.9% | 0.5% |
| Raymond James Bank | $1,495,000 | n/a | 0.4% | |
| Flagstar Bank, FSB | $995,000 | $1,425,000 | 43.2% | 0.4% |
| Hometown Lenders, Inc. | $1,290,000 | $1,420,000 | 10.1% | 0.4% |
| Carrington Mortgage Services, LLC | $1,915,000 | $1,330,000 | -30.5% | 0.4% |
| COMMUNITY MORTGAGE CORPORATION | $185,000 | $1,295,000 | 600.0% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $3,400,000 | $1,285,000 | -62.2% | 0.4% |
| GUARANTY HOME MORTGAGE CORPORATION | $2,245,000 | $1,250,000 | -44.3% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $2,260,000 | $1,225,000 | -45.8% | 0.4% |
| MORTGAGE INVESTORS GROUP, INC. | $1,720,000 | $1,225,000 | -28.8% | 0.4% |
| CASTLE & COOKE MORTGAGE, LLC | $205,000 | $1,175,000 | 473.2% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $315,000 | $1,165,000 | 269.8% | 0.3% |
| DAS Acquisition Company, LLC | $1,740,000 | $1,145,000 | -34.2% | 0.3% |
| BNC National Bank | $1,020,000 | n/a | 0.3% | |
| Fifth Third Bank | $1,145,000 | $955,000 | -16.6% | 0.3% |
| USAA Federal Savings Bank | $2,090,000 | $945,000 | -54.8% | 0.3% |
| Truist | $780,000 | $925,000 | 18.6% | 0.3% |
| Legends Bank | $1,135,000 | $910,000 | -19.8% | 0.3% |
| AMERICAN FINANCING CORPORATION | $280,000 | $820,000 | 192.9% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $1,200,000 | $790,000 | -34.2% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $870,000 | $780,000 | -10.3% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,860,000 | $765,000 | -58.9% | 0.2% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $3,005,000 | $765,000 | -74.5% | 0.2% |
| PNC Bank | $760,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $285,000 | $760,000 | 166.7% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $245,000 | $710,000 | 189.8% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $310,000 | $705,000 | 127.4% | 0.2% |
| AmRes Corporation | $1,315,000 | $670,000 | -49.0% | 0.2% |
| Renasant Bank | $1,320,000 | $640,000 | -51.5% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $710,000 | $630,000 | -11.3% | 0.2% |
| LAND HOME FINANCIAL SERVICES, INC. | $550,000 | $620,000 | 12.7% | 0.2% |
| Northpointe Bank | $525,000 | $620,000 | 18.1% | 0.2% |
| AMERICAN ADVISORS GROUP | $170,000 | $615,000 | 261.8% | 0.2% |
| Southern Bank of Tennessee | $520,000 | $580,000 | 11.5% | 0.2% |
| NBKC BANK | $85,000 | $550,000 | 547.1% | 0.2% |
| Citizens Tri-County Bank | $1,660,000 | $500,000 | -69.9% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $560,000 | $500,000 | -10.7% | 0.1% |
| Franklin Loan Corporation | $465,000 | n/a | 0.1% | |
| Colonial Savings, F.A. | $455,000 | n/a | 0.1% | |
| HOMESTAR FINANCIAL CORPORATION | $135,000 | $450,000 | 233.3% | 0.1% |
| Bethpage Federal Credit Union | $445,000 | n/a | 0.1% | |
| Bell Bank | $795,000 | $425,000 | -46.5% | 0.1% |
| First Farmers and Merchants Bank | $425,000 | n/a | 0.1% | |
| LIBERTY HOME MORTGAGE CORPORATION | $225,000 | $425,000 | 88.9% | 0.1% |
| First National Bank of Pulaski | $650,000 | $405,000 | -37.7% | 0.1% |
| LOANPAL, LLC | $405,000 | n/a | 0.1% | |
| The Federal Savings Bank | $1,360,000 | $400,000 | -70.6% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $680,000 | $380,000 | -44.1% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $710,000 | $375,000 | -47.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $295,000 | $365,000 | 23.7% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,530,000 | $360,000 | -76.5% | 0.1% |
| The Central Trust Bank | $345,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,095,000 | $340,000 | -68.9% | 0.1% |
| United Community Bank | $340,000 | n/a | 0.1% | |
| Ixonia Bank | $335,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $2,450,000 | $335,000 | -86.3% | 0.1% |
| SmartBank | $4,270,000 | $325,000 | -92.4% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $315,000 | n/a | 0.1% | |
| Bank of Tennessee | $195,000 | $295,000 | 51.3% | 0.1% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $295,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $295,000 | n/a | 0.1% | |
| ROSS MORTGAGE CORPORATION | $285,000 | n/a | 0.1% | |
| THRIVE MORTGAGE, LLC | $190,000 | $285,000 | 50.0% | 0.1% |
| US COMMUNITY | $285,000 | n/a | 0.1% | |
| Bank of England | $1,230,000 | $275,000 | -77.6% | 0.1% |
| First National Bank of America | $115,000 | $275,000 | 139.1% | 0.1% |
| Equity Prime Mortgage LLC | $265,000 | n/a | 0.1% | |
| Johnson Bank | $265,000 | n/a | 0.1% | |
| Orion Federal Credit Union | $265,000 | n/a | 0.1% | |
| SHELTER HOME MORTGAGE, LLC | $265,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $265,000 | n/a | 0.1% | |
| Nations Lending Corporation | $350,000 | $260,000 | -25.7% | 0.1% |
| AMERICAN MORTGAGE SERVICE COMPANY | $465,000 | $255,000 | -45.2% | 0.1% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $215,000 | $255,000 | 18.6% | 0.1% |
| PHH Mortgage Corporation | $245,000 | n/a | 0.1% | |
| Figure Lending LLC | $135,000 | $240,000 | 77.8% | 0.1% |
| AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. | $235,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $235,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $230,000 | n/a | 0.1% | |
| UNION HOME MORTGAGE CORP. | $735,000 | $225,000 | -69.4% | 0.1% |
| CALIBER HOME LOANS, INC. | $3,585,000 | $215,000 | -94.0% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $205,000 | n/a | 0.1% | |
| Patriot Bank | $205,000 | n/a | 0.1% | |
| Ally Bank | $195,000 | n/a | 0.1% | |
| Discover Bank | $255,000 | $195,000 | -23.5% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $185,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $660,000 | $175,000 | -73.5% | 0.1% |
| Leaders Credit Union | $175,000 | n/a | 0.1% | |
| SeaTrust Mortgage Company | $385,000 | $175,000 | -54.5% | 0.1% |
| The Huntington National Bank | $175,000 | n/a | 0.1% | |
| EMM LOANS LLC | $175,000 | $165,000 | -5.7% | 0.0% |
| CB&S Bank, Inc. | $155,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $485,000 | $145,000 | -70.1% | 0.0% |
| JLB CORPORATION | $970,000 | $145,000 | -85.1% | 0.0% |
| NEXERA HOLDING LLC | $125,000 | n/a | 0.0% | |
| NFM, INC. | $125,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,370,000 | $115,000 | -91.6% | 0.0% |
| OPEN MORTGAGE, LLC | $115,000 | n/a | 0.0% | |
| BancorpSouth Bank | $585,000 | $105,000 | -82.1% | 0.0% |
| MICHIGAN MUTUAL, INC. | $105,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $1,140,000 | $105,000 | -90.8% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $700,000 | $95,000 | -86.4% | 0.0% |
| CITY-COUNTY CREDIT UNION | $105,000 | $90,000 | -14.3% | 0.0% |
| AMERIFIRST FINANCIAL CORPORATION | $85,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $205,000 | $75,000 | -63.4% | 0.0% |
| KELLEY MORTGAGE, LLC | $75,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $260,000 | $65,000 | -75.0% | 0.0% |
| ALLIANT CREDIT UNION | $55,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $315,000 | $55,000 | -82.5% | 0.0% |
Shelbyville's top lender by overall market share is FIRST COMMUNITY MORTGAGE, INC., with 15.1% market share. In second place, with 7.8%, is QUICKEN LOANS, LLC, having originated $26,495,000 in loans. In third place, with 5.1%, is FirstBank, having originated $17,215,000 in loans. In fourth place, with 4.8%, is CMG MORTGAGE, INC., having originated $16,260,000 in loans. In fifth place, with 4.6%, is ASCEND FEDERAL CREDIT UNION, having originated $15,560,000 in loans.
Shelbyville Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Shelbyville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $229,900 (17.2%) | $398,936 (15.3%) | 0.00 | 137 |
| 2018-02-01 | $234,550 (18.6%) | $393,905 (21.1%) | 0.00 | 135 |
| 2018-03-01 | $243,900 (21.5%) | $409,267 (37.4%) | 0.00 | 122 |
| 2018-04-01 | $229,500 (9.3%) | $394,580 (28.9%) | 0.00 | 129 |
| 2018-05-01 | $239,000 (0.2%) | $381,327 (-3.9%) | 0.00 | 150 |
| 2018-06-01 | $239,250 (-6.2%) | $382,090 (-4.7%) | 0.00 | 142 |
| 2018-07-01 | $243,900 (1.7%) | $419,125 (8.5%) | 0.00 | 137 |
| 2018-08-01 | $247,500 (3.2%) | $420,867 (5.4%) | 0.00 | 148 |
| 2018-09-01 | $269,900 (12.8%) | $400,138 (-7.7%) | 0.00 | 152 |
| 2018-10-01 | $267,850 (18.4%) | $391,291 (-2.3%) | 0.00 | 156 |
| 2018-11-01 | $270,700 (18.4%) | $413,009 (4.4%) | 0.00 | 148 |
| 2018-12-01 | $265,000 (6.2%) | $409,541 (-0.9%) | 0.00 | 148 |
| 2019-01-01 | $269,250 (17.1%) | $401,987 (0.8%) | 0.00 | 141 |
| 2019-02-01 | $256,150 (9.2%) | $382,938 (-2.8%) | 0.00 | 140 |
| 2019-03-01 | $259,900 (6.6%) | $386,606 (-5.5%) | 0.00 | 141 |
| 2019-04-01 | $259,900 (13.3%) | $393,707 (-0.2%) | 0.00 | 139 |
| 2019-05-01 | $269,900 (12.9%) | $393,536 (3.2%) | 0.00 | 144 |
| 2019-06-01 | $269,950 (12.8%) | $406,634 (6.4%) | 0.00 | 146 |
| 2019-07-01 | $273,650 (12.2%) | $407,886 (-2.7%) | 0.00 | 144 |
| 2019-08-01 | $272,627 (10.2%) | $401,376 (-4.6%) | 0.00 | 151 |
| 2019-09-01 | $276,718 (2.5%) | $393,501 (-1.7%) | 0.00 | 163 |
| 2019-10-01 | $275,695 (2.9%) | $382,291 (-2.3%) | 0.00 | 171 |
| 2019-11-01 | $272,400 (0.6%) | $393,317 (-4.8%) | 0.00 | 175 |
| 2019-12-01 | $264,900 (0.0%) | $436,480 (6.6%) | 0.00 | 168 |
| 2020-01-01 | $245,380 (-8.9%) | $401,408 (-0.1%) | 0.00 | 165 |
| 2020-02-01 | $254,900 (-0.5%) | $409,505 (6.9%) | 0.00 | 165 |
| 2020-03-01 | $273,450 (5.2%) | $410,463 (6.2%) | 0.00 | 160 |
| 2020-04-01 | $249,900 (-3.9%) | $399,493 (1.5%) | 0.00 | 163 |
| 2020-05-01 | $284,900 (5.6%) | $420,358 (6.8%) | 0.00 | 148 |
| 2020-06-01 | $308,650 (14.3%) | $483,377 (18.9%) | 0.00 | 110 |
| 2020-07-01 | $321,150 (17.4%) | $496,614 (21.8%) | 0.00 | 102 |
| 2020-08-01 | $304,900 (11.8%) | $559,386 (39.4%) | 0.00 | 91 |
| 2020-09-01 | $297,400 (7.5%) | $573,240 (45.7%) | 0.00 | 94 |
| 2020-10-01 | $299,900 (8.8%) | $561,395 (46.9%) | 0.00 | 101 |
| 2020-11-01 | $286,150 (5.1%) | $524,578 (33.4%) | 0.00 | 110 |
| 2020-12-01 | $299,900 (13.2%) | $539,239 (23.5%) | 0.00 | 101 |
| 2021-01-01 | $259,900 (5.9%) | $475,689 (18.5%) | 0.00 | 94 |
| 2021-02-01 | $277,185 (8.7%) | $504,390 (23.2%) | 0.00 | 76 |
| 2021-03-01 | $280,294 (2.5%) | $563,693 (37.3%) | 0.00 | 68 |
| 2021-04-01 | $333,450 (33.4%) | $659,595 (65.1%) | 0.00 | 51 |
| 2021-05-01 | $394,900 (38.6%) | $753,930 (79.4%) | 0.00 | 55 |
| 2021-06-01 | $454,800 (47.4%) | $761,268 (57.5%) | 0.00 | 63 |
| 2021-07-01 | $449,900 (40.1%) | $703,315 (41.6%) | 0.00 | 75 |
| 2021-08-01 | $396,450 (30.0%) | $714,006 (27.6%) | 0.00 | 80 |
| 2021-09-01 | $388,725 (30.7%) | $675,555 (17.9%) | 0.00 | 76 |
| 2021-10-01 | $389,480 (29.9%) | $692,202 (23.3%) | 0.00 | 71 |
| 2021-11-01 | $385,231 (34.6%) | $710,863 (35.5%) | 0.00 | 76 |
| 2021-12-01 | $387,545 (29.2%) | $781,312 (44.9%) | 0.00 | 63 |
| 2022-01-01 | $387,500 (49.1%) | $734,774 (54.5%) | 0.00 | 56 |
| 2022-02-01 | $321,750 (16.1%) | $652,808 (29.4%) | 0.00 | 62 |
| 2022-03-01 | $357,450 (27.5%) | $651,229 (15.5%) | 0.00 | 60 |
| 2022-04-01 | $424,999 (27.5%) | $694,265 (5.3%) | 0.00 | 76 |
| 2022-05-01 | $393,250 (-0.4%) | $642,381 (-14.8%) | 0.00 | 94 |
| 2022-06-01 | $395,725 (-13.0%) | $638,385 (-16.1%) | 0.00 | 124 |
| 2022-07-01 | $439,450 (-2.3%) | $652,849 (-7.2%) | 0.00 | 142 |
| 2022-08-01 | $399,900 (0.9%) | $583,565 (-18.3%) | 0.00 | 170 |
| 2022-09-01 | $394,725 (1.5%) | $568,576 (-15.8%) | 0.00 | 196 |
| 2022-10-01 | $399,000 (2.4%) | $587,185 (-15.2%) | 0.00 | 206 |
| 2022-11-01 | $391,400 (1.6%) | $565,910 (-20.4%) | 0.00 | 198 |
| 2022-12-01 | $398,900 (2.9%) | $569,091 (-27.2%) | 0.00 | 187 |
| 2023-01-01 | $393,250 (1.5%) | $562,366 (-23.5%) | 0.00 | 176 |
| 2023-02-01 | $377,450 (17.3%) | $569,967 (-12.7%) | 0.00 | 181 |
Shelbyville's median listing price comes in at 0% of the national average.
Shelbyville's average listing price for 2023-02-01 was $569,967, a difference of $-82,841 (-12.7%) versus the prior year and $7,601 versus the prior month.
For the 2023-02-01 period, Shelbyville had 181 MLS listings, a difference of 5 listings (3%) versus the prior month and 119 listings (192%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Shelbyville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,100 sqft |
| 2018-02-01 | 0 days | 2,032 sqft |
| 2018-03-01 | 0 days | 2,014 sqft |
| 2018-04-01 | 0 days | 1,989 sqft |
| 2018-05-01 | 0 days | 1,958 sqft |
| 2018-06-01 | 0 days | 1,992 sqft |
| 2018-07-01 | 0 days | 2,038 sqft |
| 2018-08-01 | 0 days | 1,946 sqft |
| 2018-09-01 | 0 days | 2,028 sqft |
| 2018-10-01 | 0 days | 2,096 sqft |
| 2018-11-01 | 0 days | 2,097 sqft |
| 2018-12-01 | 0 days | 2,007 sqft |
| 2019-01-01 | 0 days | 2,041 sqft |
| 2019-02-01 | 0 days | 1,857 sqft |
| 2019-03-01 | 0 days | 1,917 sqft |
| 2019-04-01 | 0 days | 1,990 sqft |
| 2019-05-01 | 0 days | 2,073 sqft |
| 2019-06-01 | 0 days | 2,124 sqft |
| 2019-07-01 | 0 days | 2,055 sqft |
| 2019-08-01 | 0 days | 1,969 sqft |
| 2019-09-01 | 0 days | 2,040 sqft |
| 2019-10-01 | 0 days | 2,076 sqft |
| 2019-11-01 | 0 days | 2,038 sqft |
| 2019-12-01 | 0 days | 1,950 sqft |
| 2020-01-01 | 0 days | 1,838 sqft |
| 2020-02-01 | 0 days | 1,955 sqft |
| 2020-03-01 | 0 days | 1,979 sqft |
| 2020-04-01 | 0 days | 1,953 sqft |
| 2020-05-01 | 0 days | 1,979 sqft |
| 2020-06-01 | 0 days | 2,059 sqft |
| 2020-07-01 | 0 days | 2,156 sqft |
| 2020-08-01 | 0 days | 2,204 sqft |
| 2020-09-01 | 0 days | 2,135 sqft |
| 2020-10-01 | 0 days | 1,981 sqft |
| 2020-11-01 | 0 days | 1,929 sqft |
| 2020-12-01 | 0 days | 1,937 sqft |
| 2021-01-01 | 0 days | 1,845 sqft |
| 2021-02-01 | 0 days | 1,891 sqft |
| 2021-03-01 | 0 days | 1,972 sqft |
| 2021-04-01 | 0 days | 1,972 sqft |
| 2021-05-01 | 0 days | 2,125 sqft |
| 2021-06-01 | 0 days | 2,381 sqft |
| 2021-07-01 | 0 days | 2,247 sqft |
| 2021-08-01 | 0 days | 2,035 sqft |
| 2021-09-01 | 0 days | 1,978 sqft |
| 2021-10-01 | 0 days | 1,989 sqft |
| 2021-11-01 | 0 days | 2,099 sqft |
| 2021-12-01 | 0 days | 2,107 sqft |
| 2022-01-01 | 0 days | 1,973 sqft |
| 2022-02-01 | 0 days | 1,675 sqft |
| 2022-03-01 | 0 days | 1,955 sqft |
| 2022-04-01 | 0 days | 1,973 sqft |
| 2022-05-01 | 0 days | 1,932 sqft |
| 2022-06-01 | 0 days | 1,973 sqft |
| 2022-07-01 | 0 days | 2,036 sqft |
| 2022-08-01 | 0 days | 1,954 sqft |
| 2022-09-01 | 0 days | 1,952 sqft |
| 2022-10-01 | 0 days | 1,973 sqft |
| 2022-11-01 | 0 days | 1,963 sqft |
| 2022-12-01 | 0 days | 1,973 sqft |
| 2023-01-01 | 0 days | 1,978 sqft |
| 2023-02-01 | 0 days | 1,933 sqft |
Shelbyville's median square footage for active listings during the 2023-02-01 period was 1,933 sqft. One year prior, the average listing was 1,675 sqft.
Shelbyville, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 728 | $201,900,000 | $277,335 |
| Cash Out Refi | 393 | $82,025,000 | $208,715 |
| Refi | 153 | $37,965,000 | $248,137 |
| Other | 97 | $10,705,000 | $110,361 |
| Home Improvement | 71 | $4,965,000 | $69,930 |
Shelbyville's most frequently cited loan purpose was Home Purchase, with 728 originations. The 2nd most popular reason was Cash Out Refi, with 393 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 400 | $98,580,000 | $246,450 |
| 4-5% | 362 | $86,620,000 | $239,282 |
| 3-4% | 284 | $70,950,000 | $249,824 |
| 6-7% | 166 | $38,010,000 | $228,976 |
| 2.5-3% | 91 | $20,985,000 | $230,604 |
| 7-8% | 51 | $6,505,000 | $127,549 |
| Over 8% | 33 | $2,615,000 | $79,242 |
| <2.5% | 32 | $6,740,000 | $210,625 |
During 2022, Shelbyville's most frequently originated rate bucket was 5-6%, with 400 originations.
Loan Sizing (Shelbyville, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 644 | $176,750,000 | $274,457 |
| $100k-200k | 405 | $60,825,000 | $150,185 |
| $100,000 or less | 240 | $13,540,000 | $56,417 |
| $400k-600k | 117 | $54,895,000 | $469,188 |
| $600k-1000k | 30 | $21,330,000 | $711,000 |
| $Over $1MM | 6 | $10,220,000 | $1,703,333 |
Shelbyville's loan sizing saw the bucket of loans from $200k-400k with 644 originations, totaling $176,750,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 522 | $151,560,000 | $290,345 |
| 60-80% | 386 | $104,430,000 | $270,544 |
| 40-60% | 208 | $43,630,000 | $209,760 |
| 20-40% | 154 | $18,060,000 | $117,273 |
| Under 20% | 129 | $6,355,000 | $49,264 |
| Over 100% | 21 | $6,165,000 | $293,571 |
Shelbyville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 522 originations, totaling $151,560,000 in origination value.