Shelly, MN Foreclosures
Current Market Conditions in in Shelly, MN As of February 2026?
Over the past month, there has been a noticeable uptick in home sales in Shelly, MN, indicating a growing interest in the area. Several properties have gone under contract quickly, some within days of listing. Buyers seem to be attracted to the serene environment and the affordability that Shelly offers compared to urban areas. The average days on the market for listings have decreased, suggesting a strong demand while inventory levels remain low, making it a competitive market for prospective buyers.
How much do homes sell for in Shelly, MN?
The average home price is currently $110,970.
In Shelly, MN, how many homes are available?
There are currently 1 active home listings available in Shelly.
What’s the average rental cost in Shelly, MN?
The average rental price in Shelly is $967.
What is the most expensive home in Shelly?
The most expensive home sold in Shelly had a price of $283,928.
What is currently the cheapest priced home in Shelly, MN?
The cheapest home for sale in Shelly is priced at $43,268.
Living in Shelly, MN
Shelly, MN is a quaint small town that offers a peaceful lifestyle surrounded by nature and community spirit. It's perfect for outdoor lovers and families, with access to schools and local amenities. Residents savor a close-knit community while being just a short drive from larger urban centers.
Buyer vs Seller Market in Shelly, MN
The real estate market in Shelly, MN has remained stable, with steady demand for homes as the community continues to attract families and retirees. The average home price has shown slight increases, making it a good time for both buyers and sellers to engage in the market. However, the lack of inventory in desirable neighborhoods has led to competitive bidding situations, especially for well-maintained homes.
Buyers are increasingly looking towards rural areas like Shelly for more affordable housing options compared to larger cities. As a result, the market has seen an influx of out-of-state buyers seeking a quieter lifestyle. This trend is anticipated to continue, providing opportunities for investors and local homeowners.
Home Value Estimator For Shelly, MN
There are currently 106 real estate properties
in Shelly, MN,
with a median automated valuation model (AVM) price
of $94,583.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Shelly, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Shelly, MN,
is $110,970.00, with the most expensive house
in Shelly, MN, topping out
at $283,928.00 and the cheapest home
in Shelly, MN,
clocking in at $43,268.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Shelly, MN!
Rent Prices
In Shelly, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Shelly, MN, is on
a rollercoaster ride. The
average rent price in Shelly, MN,
is $967.00. Indeed, when looking to rent in
Shelly, MN, you can expect to pay as little
as $660.00 or as much
as $1,490.00,
with the average rent median estimated to
be $940.00. The good news is that finding
an affordable and desirable property to rent in Shelly, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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