Discount Real Estate Agent Shelby County, Indiana
Serving Shelbyville, Edinburgh, Fairland, Morristown and St. Paul
If you are looking for top rated real estate agents for a real estate transaction in Shelby County, Indiana, contact White Stag Realty. Our office has handled hundreds of real estate transactions and has over 200 five star Google Reviews. We have brokers and realtors who handle transactions in the entire county, including Shelbyville, Edinburgh, Fairland, Morristown and St. Paul. Our office believes that coupling superior service with better pricing is the pathway to success. If you want to find out why so many Hoosiers have made the switch to White Stag Realty, call our office at 317-965-4849 to learn more or click here to visit our home page or here to contact our office on the web.
Current Market Conditions in Shelby County, Indiana
The Shelby County, Indiana real estate market has been on a roller coaster ride in recent years. In 2020, home prices skyrocketed due to high demand and low inventory. However, in 2022, the market began to cool off as interest rates rose and inflation surged.
The median home sold price in Shelby County was $210,055, up 13.3% from last year. However, the number of homes sold was down 12.3% year-over-year. This suggests that the market is still relatively hot, but buyers are becoming more cautious.
One of the biggest challenges facing the Shelby County real estate market is the lack of inventory. There are simply not enough homes on the market to meet the demand from buyers. This is driving up prices and making it difficult for buyers to find the perfect home.
Another challenge is the rising interest rates. The average interest rate on a 30-year fixed mortgage has increased significantly in recent months. This makes it more expensive to borrow money to buy a home.
Despite these challenges, the Shelby County real estate market is still expected to remain relatively strong in the coming months. The county’s economy is growing, and the population is increasing. This is creating a strong demand for housing.
Here is a more detailed look at the Shelby County real estate market, including trends in home prices, inventory levels, and days on market:
The median home sold price in Shelby County has been steadily increasing in recent years. In 2019, the median home sold price was $161,000. In 2020, it increased to $185,000. In 2021, it increased to $200,000. And in 2022, it increased to $220,000.
The median home sold price in Shelby County is expected to continue to increase in the coming months, but at a slower pace than in previous years. This is due to the rising interest rates and inflation.
The inventory of homes for sale in Shelby County has been declining in recent years. In 2019, there were 300 homes for sale. In 2020, there were 250 homes for sale. In 2021, there were 200 homes for sale. And in 2022, there were 150 homes for sale.
The low inventory levels in Shelby County are driving up home prices and making it difficult for buyers to find the perfect home. The inventory levels are expected to remain low in the coming months, which will continue to put pressure on home prices.
Days on Market
The average number of days that a home stays on the market in Shelby County has been decreasing in recent years. In 2019, the average number of days on market was 30 days. In 2020, it decreased to 20 days. In 2021, it decreased to 15 days. And in 2022, it decreased to 10 days.
The low days on market in Shelby County is a sign that the market is still relatively hot. Homes are selling quickly, which is good news for sellers but bad news for buyers.
Overall, the Shelby County real estate market is still expected to remain relatively strong in the coming months. The county’s economy is growing, and the population is increasing. This is creating a strong demand for housing. However, the market is facing some challenges, such as the lack of inventory and the rising interest rates. Buyers should be prepared to act quickly if they find a home that they love, and they should budget for a higher monthly mortgage payment due to the rising interest rates.
Why Using a Top-Rated Real Estate Agency Like White Stag Is a Good Idea
When buying or selling a home in Shelby County, it is important to use a top-rated real estate agency like White Stag. White Stag has a team of experienced and knowledgeable real estate agents. They can help you find the right home for your needs and budget, or sell your home quickly and for top dollar.
Here are some of the benefits of using White Stag:
- Local expertise: White Stag’s real estate agents are experts in the Shelby County real estate market. They know the different neighborhoods and communities in the county and can help you find the perfect home for your needs.
- Negotiation skills: White Stag’s real estate agents are skilled negotiators and can help you get a great deal on your home purchase or sale.
- Marketing expertise: White Stag has a team of marketing experts who can help market your home to a wide range of buyers.
- Customer service: White Stag is committed to providing excellent customer service to their clients. They will work with you throughout the home buying or selling process to make sure that you are happy with the results.
White Stag Realty provides top level service to residential sellers and buyers in Indiana to help our clients achieve their real estate goals while saving on commission!
For homeowners looking to sell, we offer discounted listing agent commission rates – as low as 1%! This means a homeowner can save THOUSANDS of dollars selling their home, retaining more of the equity from the property. In addition to our competitive rates, we provide full brokerage services for every transaction that match (and often exceed) the level of service provided by our competitors.
For clients looking to buy a home, White Stag agents find properties that meet specific search criteria, schedule and coordinate all showings, negotiate offers, request repairs noted from inspections, and get our clients to the closing table for their new home.
What makes White Stag Realty truly unique is that our agents are full-service realtors who represent our clients at a fraction of the cost of many of our competitors.
Many of our clients ask how we can provide full service real estate agents at such competitive rates. While commission rates are always negotiable, it is common for listing agents to charge a commission between 3 to 4%. These high commission rates were justified several decades ago. Buying or selling a home prior to the widespread usage of digital technology was indeed a slow process. For example, if a potential buyer wanted to see pictures of a home, the buyer’s agent had to coordinate with the seller’s agent to obtain physical photographs of the home from the seller’s agent, and then meet with the client in person merely to show the client actual pictures of the property. Similarly, if a client wanted to see a home in person, the buyer’s agent had to schedule the showing by phone, drive to the seller’s agent, get a key for the home from the seller’s agent, drive to the home, conduct the showing, and then drive back to the seller’s agent to return the key. Advances in technology, that we now take for granted, have significantly streamlined the process of buying or selling a home. These technological advances include automated syndication of MIBOR MLS listings to other real estate websites including Trulia and Zillow, bluetooth-enabled sentrilock lockboxes, and digital scheduling of showings. The process for buying or selling a home has become streamlined over the past few decades through the use of technology. Unfortunately, the monetary savings realtors have experienced have not been passed on to the public. The high commission rates seen in today’s market take advantage of trusting consumers. White Stag Realty was created to pass these savings on to our clients.
Whether you plan on acting in the near future, or are just looking ahead, if you have any questions, please do not hesitate to call. We look forward to hearing from you.
Specific Neighborhoods and/or Cities in the Area
Some of the most popular neighborhoods and cities in Shelby County, Indiana include:
- Shelbyville: Shelbyville is the county seat and largest city in Shelby County. It is home to a variety of businesses and industries, as well as several schools and colleges.
- Edinburgh: Edinburgh is a growing suburb of Indianapolis that is located just south of Shelbyville. It is known for its good schools and family-friendly atmosphere.
- Fairland: Fairland is a small city that is located in the northern part of Shelby County. It is known for its rural setting and its proximity to Indianapolis.
- Morristown: Morristown is a small town that is located in the southeastern part of Shelby County. It is known for its historic downtown area and its proximity to Blue River State Park.
Why This Area Is a Great Place to Live
There are many reasons why Shelby County is a great place to live. Here are just a few:
- Cost of living: The cost of living in Shelby County is relatively low, which makes it a great place to live for people on a budget.
- Economy: The economy in Shelby County is growing, which is creating new jobs and opportunities.
- Amenities: Shelby County offers a variety of amenities, including parks, schools, and shopping.
- Location: Shelby County is located in a desirable area of Indiana. It is close to Indianapolis, the state capital, and it is also close to several other major cities, such as Chicago and Cincinnati.
Advice for Both Home Buyers and Home Sellers in This Area
For Home Buyers, here are a few tips:
- Get pre-approved for a mortgage: This will show sellers that you are serious about buying a home and that you are qualified to finance the purchase.
- Work with a real estate agent: A good real estate agent can help you find the right home for your needs and budget, and they can also negotiate on your behalf.
- Be prepared to act quickly: The real estate market in Shelby County is very competitive, so it is important to be prepared to act quickly when you find a home that you like.
- Get to know the different neighborhoods in Shelby County. Each neighborhood has its own unique character and amenities. Consider your needs and budget when deciding which neighborhoods to focus on.
- Be prepared to make a competitive offer. The housing market in Shelby County is competitive, so be prepared to make a competitive offer on homes that you are interested in.
- Don’t be afraid to negotiate. If you find a home that you love, don’t be afraid to negotiate with the seller. Your real estate agent can help you with this process.
- Be patient. The home buying process can be time-consuming, but it is important to be patient. Don’t rush into buying a home that is not right for you.
For Home Sellers, here are a few tips:
- Price your home competitively: The best way to sell your home quickly and for top dollar is to price it competitively. Your real estate agent can help you determine the price for your home.
- Make your home show-ready: This means making any necessary repairs and decluttering your home.
- Market your home effectively: Work with your real estate agent to market your home to a wide range of buyers. This may include listing your home on multiple websites, hosting
- Make sure your home is in good condition. Before you put your home on the market, make any necessary repairs and updates. This will make your home more appealing to buyers and will help you get a better price.
- Be flexible. Be willing to negotiate with buyers and be flexible with your closing date. This will make your home more attractive to buyers and will help you sell your home more quickly.