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Explore Similar Townhomes Within 10 Miles of Shelbyville, IN

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    $350,720 New Construction

    • 3 Beds
    • 2.5 Baths
    • 1,716 Sq Ft

    10625 Mangrove Dr, Indianapolis, IN 46239

    Welcome home to the Dimora, a brand new paired home design as part of our Villa Series. The standard layout of the home features two bedrooms and two-and-a-half bathrooms that includes a study, an open-concept gathering room and kitchen, a veranda, and two-car garage.As you come inside off the quaint covered porch, you are greeted by a lovely study with optional French doors. This would be

    M/I Homes

    Dimora, Indianapolis, IN 46239
  • /2

    $343,130 New Construction

    • 3 Beds
    • 2.5 Baths
    • 1,716 Sq Ft

    10623 Mangrove Dr, Indianapolis, IN 46239

    Discover this exceptional new construction home at 10623 Mangrove Drive in Indianapolis, built by M/I Homes. This thoughtfully designed single-story home offers 1,716 square feet of comfortable living space with an open-concept layout perfect for modern lifestyles.Key Features: 3 bedrooms, including a first-floor owner's suite 2 full bathrooms featuring quality finishes

    M/I Homes

    Dimora, Indianapolis, IN 46239
  • /2

    $350,240 New Construction

    • 3 Beds
    • 2.5 Baths
    • 1,716 Sq Ft

    5526 Aspen Wood Ln, Indianapolis, IN 46239

    Discover this stunning new construction home at 5526 Aspen Wood Lane in Indianapolis. This thoughtfully designed 1,716 square foot home offers exceptional comfort and functionality for your lifestyle. Key Features: 3 bedrooms including a main-floor owner's suite 2 bathrooms Open-concept living space perfect for entertaining and daily livingThe home's floorplan

    M/I Homes

    Dimora, Indianapolis, IN 46239
  • /13

    $316,800 New Construction

    • 2 Beds
    • 2 Baths
    • 1,495 Sq Ft

    10602 Maidenhair Dr, Indianapolis, IN 46239

    This beautiful single-story new construction villa home is now for sale! This single-story residence features 2 bedrooms, 2 full bathrooms, a stunning kitchen, an extended veranda out back, a 2-car garage, and so much more. The thoughtful design of this home maximizes functionality while maintaining aesthetic appeal. The open-concept layout creates a seamless flow between living areas, making

    Cassie Newman M/I Homes of Indiana, L.P.

    10602 Maidenhair Dr, Indianapolis, IN 46239
  • /15

    $309,990 New Construction

    • 3 Beds
    • 2 Baths
    • 1,716 Sq Ft

    10604 Maidenhair Dr, Indianapolis, IN 46239

    Discover this beautiful new construction 1-story ranch villa in Indianapolis. This thoughtfully designed residence offers 3 bedrooms, 2 full bathrooms, an open-concept living space, an extended veranda out back, an electric fireplace, and much more! This new construction home provides the perfect balance of comfort and style. The well-designed layout maximizes every inch of space, creating an

    Cassie Newman M/I Homes of Indiana, L.P.

    10604 Maidenhair Dr, Indianapolis, IN 46239
  • /10

    $327,160 New Construction

    • 2 Beds
    • 2.5 Baths
    • 1,628 Sq Ft

    5514 Aspen Wood Ln, Indianapolis, IN 46239

    Welcome to 5514 Aspen Wood Lane in Indianapolis, IN – a beautiful new construction ranch-style home built by M/I Homes offering 1,628 square feet of thoughtfully designed living space.  This inviting home features: 2 well-appointed bedrooms 2 full bathrooms, 1 half bath Owner's bedroom with an en-suite bathroom and dual-sink vanity Open-concept

    M/I Homes

    Castello, Indianapolis, IN 46239
  • /19

    $322,200 New Construction

    • 2 Beds
    • 2 Baths
    • 1,495 Sq Ft

    5516 Aspen Wood Ln, Indianapolis, IN 46239

    Discover this beautiful new construction home at 5516 Aspen Wood Lane in Indianapolis, IN, thoughtfully built by M/I Homes. Featuring 1,495 square feet of carefully designed living space, this ranch-style home offers both comfort and functionality.  Home Features: 2 bedrooms 2 full bathrooms including a deluxe owner's en-suite Open-concept living space

    M/I Homes

    Bella Vista, Indianapolis, IN 46239
  • /13

    $348,110 New Construction

    • 3 Beds
    • 2.5 Baths
    • 1,716 Sq Ft

    5510 Aspen Wood Ln, Indianapolis, IN 46239

    Welcome to 5510 Aspen Wood Lane in Indianapolis, IN, a stunning new construction home built by M/I Homes offering 1,716 square feet of thoughtfully designed living space.Home Features: 3 bedrooms including the first-floor owner's bedroom 2 full bathrooms Open-concept living spaceThis beautiful new construction home provides the perfect balance of comfort and style.

    M/I Homes

    Dimora, Indianapolis, IN 46239
  • /15

    $349,910 New Construction

    • 3 Beds
    • 2.5 Baths
    • 1,716 Sq Ft

    5508 Aspen Wood Ln, Indianapolis, IN 46239

    Welcome to 5508 Aspen Wood Lane in Indianapolis, a stunning new construction home built by M/I Homes. This beautiful ranch-style offers 1,716 square feet of thoughtfully designed living space.  Home Features: 3 bedrooms 2 full bathrooms including a deluxe owner's en-suite  Open-concept living space perfect for entertaining Gourmet kitchen with

    M/I Homes

    Dimora, Indianapolis, IN 46239
  • /66

    $349,990 New Construction

    • 2 Beds
    • 2.5 Baths
    • 2,025 Sq Ft

    10715 Mangrove Dr, Indianapolis, IN 46239

    From the massive gathering room to the back patio and second-floor loft space, this new townhome plan offers tons design flexibility throughout 2,025 square feet! Keep reading to learn more, then reach out to our Internet Sales Team to find out where you can build this impressive floorplan.You'll have the choice between 3 modern exterior designs—traditional, craftsman, or exterior.

    M/I Homes

    P2025, Indianapolis, IN 46239
  • /13

    $302,990 New Construction

    • 2 Beds
    • 2.5 Baths
    • 2,025 Sq Ft

    P2025, Indianapolis, IN 46239

    From the massive gathering room to the second-floor loft space, this new townhome plan offers tons design flexibility throughout 2,025 square feet! Learn more about it, then reach out to our Internet Sales Team to find out where you can build this impressive floorplan.

    M/I Homes

    P2025, Indianapolis, IN 46239
  • /10

    $287,990 New Construction

    • 2 Beds
    • 2.5 Baths
    • 1,778 Sq Ft

    P1778, Indianapolis, IN 46239

    Considering a new home in the Indianapolis area? This spacious, new 2-story townhome plan may be the right match for you! Discover all the details, then reach out to our team for a tour.

    M/I Homes

    P1778, Indianapolis, IN 46239
  • /29

    $310,000 New Construction

    • 2 Beds
    • 2.5 Baths
    • 1,560 Sq Ft

    10713 Mangrove Dr, Indianapolis, IN 46239

    Welcome to the 1,560 square foot P1560 townhome model! This spacious home from our UpTown Series boasts a modern exterior and an open layout throughout the interior. Here are some of the features you'll love: 2 bedrooms 2.5 bathrooms Attached 2-car garage Back patio Storage closets throughout Second-floor laundryImpressive sightlines directly

    M/I Homes

    P1560, Indianapolis, IN 46239
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    $270,990 New Construction

    • 2 Beds
    • 2.5 Baths
    • 1,560 Sq Ft

    P1560, Indianapolis, IN 46239

    Welcome to the 2-story, 1,560 square foot P1560 floorplan from our UpTown Series! Find out all the details about this townhome plan and contact our team to schedule a tour.

    M/I Homes

    P1560, Indianapolis, IN 46239
  • /10

    $304,990 New Construction

    • 3 Beds
    • 2 Baths
    • 1,790 Sq Ft

    9711 Palermo Ave, Indianapolis, IN 46239

    This quick move-in home is available now. Nestled on a homesite with no backyard neighbors and wooded views, you'll fall in love with the modern kitchen featuring a large kitchen island worthy of gatherings with friends and family. Enjoy cozy evenings around the fireplace in the great room!

    Beazer Homes

    Rialto, Indianapolis, IN 46239

Why Live in Shelbyville

Shelbyville is a quaint community where residents enjoy a close-knit atmosphere, despite its gridded streets suggesting a larger city. Located less than 35 miles from Indianapolis, Shelbyville features custom-built homes ranging from the 1960s to early 2000s, including Arts and Crafts-style houses, bungalows, and ranch-style architecture. The neighborhood is part of the Shelbyville Central Schools district, which offers various academic teams and clubs. For outdoor activities, Blue River Memorial Park provides over 180 acres of green space with walking trails, a butterfly habitat, and a dog park. Other parks like Kennedy, Sunrise, Sunset, and Morrison offer smaller recreational areas closer to downtown. The Shelby County YMCA offers indoor activities such as pickleball, fitness classes, and swimming. Residents can enjoy an old-school movie experience at the Skyline Drive-In, which also features an arcade and café. Essential shopping is convenient with Kroger and Walmart nearby, while larger shopping trips can be made to Greenwood Park Mall, 25 miles away. Dining options include locally owned restaurants like Grandma’s Pancake House and Pudder’s, with nightlife available at cozy bars like Capone’s Downtown Speakeasy. Community events such as First Fridays and the Christmas Parade foster local connections. Travel to Indianapolis is facilitated by multiple ramps to Interstate 74, and the Indianapolis International Airport is about 40 miles away.

Home Trends in Shelbyville, IN

Housing Trends

Median Sale Price
$239,690
Median Single Family Sale Price
$257,820
Median Townhouse Sale Price
$187,750
Median 2 Bedroom Sale Price
$241,500
Median 1 Bedroom Sale Price
$52,500
Average Price Per Sq Ft
$147
Number of Homes for Sale
126
Last 12 months Home Sales
352
Months of Supply
4.30
Median List Price
$264,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
7%
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