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Shelby Township, MI 48316 Housing Market

Data snapshot: October 19, 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: 3939PendingPending 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): $415k$415kSoldMedian sold price (last 6 months): $390k$390k
What homes actually sell for in Shelby Township, MI
Distribution of 328 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $295k to $600k
$185k to $271k: 52 sales$185k$271k to $358k: 65 sales$358k to $444k: 66 sales66sales$358k$444k to $530k: 39 sales$530k to $616k: 13 sales$530k$616k to $702k: 39 sales$702k to $789k: 11 sales$702k$789k to $875k: 10 salesMedian $390k

What the numbers say

As of October 19, 2026, Resideline is tracking 39 active listings and 4 pending sales in ZIP code 48316. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $414,990, while the median of the 328 closed sales Resideline tracked over the last six months was $390,000. 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 81 days.

Frequently asked questions

What is the median home price in 48316?

The median closed sale price in Shelby Township, MI 48316 was $390,000 over the last six months, based on 328 closed sales tracked by Resideline. The middle half of those sales ranged from $295,000 to $600,000.

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

Resideline is currently tracking 4 pending sales against 39 active listings in 48316, a pending-to-active ratio of 0.10. 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

Full Shelby Township, MI housing market report →

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