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Is Shelby, NE 68662 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Shelby is a seller’s market. With about 2.4 months of supply and 0% 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 supply2.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.1%Sold price ÷ list price
Median days on market23Listing to accepted offer
Median price per sq ft$93▲ +30.0% vs. last year

The Shelby housing market right now

In the three months ending August 31, 2026, 0% of homes in Shelby, NE 68662 sold above their list price, the typical home went under contract in 23 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (16 days then) and the median sale price rose 25% to $236,398. Overall, Shelby is about as competitive as it was a year ago.

Nearby, Osceola 68651 (25% sold over asking) is even more competitive.

Run the numbers for 68662

Prefilled for 68662Can I win this house?Multiple-offer likelihood for a listing Prefilled for 68662Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Gresham 68367 — /sq ftOsceola 68651Seller’s market $99 /sq ftPolk 68654Seller’s market $50 /sq ftStromsburg 68666Seller’s market $101 /sq ft Browse all markets →

Towns like Shelby nearby

Find towns like Shelby in other states →
North Bend, NE68649 · 38 miles away86% similarpricier homes ($63K more) · larger Osceola, NE68651 · 7 miles away82% similar9 min shorter commute Genoa, NE68640 · 25 miles away81% similarcheaper homes ($27K less) Clarkson, NE68629 · 39 miles away81% similarcheaper homes ($36K less) · 7 min shorter commute

Where Shelby is

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Questions about Shelby real estate

Is Shelby a buyer’s or seller’s market?

A seller’s market: there were 2.4 months of supply in Shelby, NE 68662 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Shelby?

The typical home went under contract in 23 days in the latest three months.

Do homes in Shelby sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.

What are property taxes in Shelby?

About 0.99% of a home’s value a year in Polk County, or roughly $3,960 on a $400,000 home.

What is the median home price in Shelby?

The median sale price was $236,398 in the three months ending August 31, 2026, about $93 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology