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Shelby Township, MI 48316 Housing Market

Data snapshot: November 9, 2026. Closed-sale window: last 6 months.
Shelby Township, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 3030PendingPending sales: 33
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): $492k$492kSoldMedian sold price (last 6 months): $380k$380k
What homes actually sell for in Shelby Township, MI
Distribution of 308 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $280k to $512k
$185k to $266k: 56 sales$185k$266k to $347k: 56 sales$347k to $428k: 70 sales70sales$347k$428k to $509k: 33 sales$509k to $590k: 8 sales$509k$590k to $671k: 29 sales$671k to $752k: 21 sales$671k$752k to $833k: 4 salesMedian $380k

What the numbers say

As of November 9, 2026, Resideline is tracking 30 active listings and 3 pending sales in ZIP code 48316. That pending-to-active ratio of 0.10 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $492,000, while the median of the 308 closed sales Resideline tracked over the last six months was $379,900. 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 48316 for 94 days.

Frequently asked questions

What is the median home price in 48316?

The median closed sale price in Shelby Township, MI 48316 was $379,900 over the last six months, based on 308 closed sales tracked by Resideline. The middle half of those sales ranged from $280,000 to $512,000.

Is 48316 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 30 active listings in 48316, a pending-to-active ratio of 0.10. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,798 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.12. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 48316 is currently a typical-pace market.

Nearby ZIP code market data

Full Shelby Township, MI housing market report →

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