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Shelby Township, MI 48315 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Shelby Township, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.02
ActiveActive listings: 4747PendingPending sales: 11
Shelby Township, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $620k$620kSoldMedian sold price (last 6 months): $499k$499k
What homes actually sell for in Shelby Township, MI
Distribution of 305 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $276k to $650k
$215k to $300k: 77 sales77sales$215k$300k to $385k: 15 sales$385k to $470k: 31 sales$385k$470k to $555k: 49 sales$555k to $640k: 36 sales$555k$640k to $725k: 24 sales$725k to $810k: 17 sales$725k$810k to $895k: 25 salesMedian $499k

What the numbers say

As of October 5, 2026, Resideline is tracking 47 active listings and 1 pending sales in ZIP code 48315. That pending-to-active ratio of 0.02 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $619,900, while the median of the 305 closed sales Resideline tracked over the last six months was $499,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48315 for 66 days.

Frequently asked questions

What is the median home price in 48315?

The median closed sale price in Shelby Township, MI 48315 was $499,000 over the last six months, based on 305 closed sales tracked by Resideline. The middle half of those sales ranged from $276,000 to $650,000.

Is 48315 a buyer's or seller's market?

Resideline is currently tracking 1 pending sales against 47 active listings in 48315, a pending-to-active ratio of 0.02. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48315 currently looks like a balanced market.

Nearby ZIP code market data

Full Shelby Township, MI housing market report →

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