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Shelby Township, MI 48316 Housing Market

Data snapshot: October 1, 2026. Closed-sale window: last 6 months.
Shelby Township, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 3535PendingPending sales: 44
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): $408k$408kSoldMedian sold price (last 6 months): $386k$386k
What homes actually sell for in Shelby Township, MI
Distribution of 345 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $293k to $600k
$170k to $259k: 52 sales$170k$259k to $348k: 65 sales$348k to $436k: 79 sales79sales$348k$436k to $525k: 34 sales$525k to $614k: 16 sales$525k$614k to $702k: 43 sales$702k to $791k: 10 sales$702k$791k to $880k: 10 salesMedian $386k

What the numbers say

As of October 1, 2026, Resideline is tracking 35 active listings and 4 pending sales in ZIP code 48316. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $407,990, while the median of the 345 closed sales Resideline tracked over the last six months was $386,000. 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 48316 for 67 days.

Frequently asked questions

What is the median home price in 48316?

The median closed sale price in Shelby Township, MI 48316 was $386,000 over the last six months, based on 345 closed sales tracked by Resideline. The middle half of those sales ranged from $293,000 to $600,000.

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

Resideline is currently tracking 4 pending sales against 35 active listings in 48316, a pending-to-active ratio of 0.11. 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, 48316 currently looks like a balanced market.

Nearby ZIP code market data

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