House Prices

House Prices & Home Values Shelly, MN 2026


Average Data

average house price$281,400
average size per house2205 ft²
average price per ft²128 $ / ft²

04/04/2026 - The value range (VR) for house prices in Shelly, MN is $125/ sqft to $125/ sqft. An average home with 2205 sqft costs approximately $275,625 to $275,625. Shelly, MN includes 1 ZIP codes and it is located in Norman county. The lowest prices are found in ZIP 56581, while the highest are in ZIP 56581. The average price per sqare feet is $128. Our analysis is based on 50 property listings.

Avergage prices by ZIP codes Shelly

56581137 $ / ft²




Historical development of home values in Shelly

Year Estimated value (USD) Change vs. 2025
2010 $130,687 -53.6%
2011 $125,634 -55.4%
2012 $125,295 -55.5%
2013 $129,979 -53.8%
2014 $136,442 -51.5%
2015 $143,444 -49.0%
2016 $150,930 -46.4%
2017 $159,077 -43.5%
2018 $167,871 -40.3%
2019 $175,655 -37.6%
2020 $184,736 -34.4%
2021 $210,117 -25.3%
2022 $244,949 -13.0%
2023 $258,310 -8.2%
2024 $273,254 -2.9%
2025 $281,400 0.0%

Graph: estimated home values in Shelly over time (USD)



Example: 100% financing house in Shelly

Loan amount: $281,400

Interest rate: 6.00%

Fixed monthly payment: $1,687.14

Breakdown in the 1st month:
Interest portion: $1,407.00  –  Principal portion: $280.14

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $16,790.00 $3,455.62 $277,944.38
2 $16,576.86 $3,668.76 $274,275.61
3 $16,350.58 $3,895.04 $270,380.57
4 $16,110.34 $4,135.28 $266,245.29
5 $15,855.29 $4,390.33 $261,854.96
6 $15,584.50 $4,661.12 $257,193.84
7 $15,297.01 $4,948.61 $252,245.23
8 $14,991.79 $5,253.83 $246,991.40
9 $14,667.75 $5,577.87 $241,413.53
10 $14,323.72 $5,921.90 $235,491.63
11 $13,958.47 $6,287.15 $229,204.48
12 $13,570.69 $6,674.93 $222,529.55
13 $13,159.00 $7,086.63 $215,442.92
14 $12,721.91 $7,523.71 $207,919.21
15 $12,257.86 $7,987.76 $199,931.45
16 $11,765.20 $8,480.43 $191,451.02
17 $11,242.14 $9,003.48 $182,447.54
18 $10,686.83 $9,558.80 $172,888.74
19 $10,097.26 $10,148.36 $162,740.38
20 $9,471.33 $10,774.29 $151,966.09
21 $8,806.80 $11,438.83 $140,527.27
22 $8,101.28 $12,144.35 $128,382.92
23 $7,352.24 $12,893.38 $115,489.54
24 $6,557.00 $13,688.62 $101,800.92
25 $5,712.72 $14,532.90 $87,268.01
26 $4,816.36 $15,429.26 $71,838.75
27 $3,864.72 $16,380.90 $55,457.85
28 $2,854.38 $17,391.24 $38,066.61
29 $1,781.73 $18,463.90 $19,602.71
30 $642.91 $19,602.71 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Shelly, MN


1500 sqft3900 sqft
Ø selling price$232,321$494,209
Ø fast selling$211,201$444,788
Ø high price sale$253,441$543,629

In 2026, houses in Shelly, MN will be offered at an average price of $128 per square foot. A 1,500 sqft home priced at $232,321 is 25.21% more expensive per square foot than a 3,900 sqft home priced at $494,209. Home prices in Shelly, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $342,144. Sellers who can wait longer may achieve a higher price of up to $418,177.


Discover Shelly, MN

Shelly, MN is a small city in Norman County known for its quiet streets and friendly Midwestern charm.
Nestled in the fertile Red River Valley, Shelly has deep agricultural roots that shape local life and business.
Visitors and residents appreciate the sense of small-town living with easy access to larger services in nearby regional hubs.

Community and Lifestyle

Community pride is visible in local gatherings, volunteer efforts, and seasonal events that bring neighbors together.
Families value the relaxed pace, affordable real estate, and the tradition of showing up for school and youth activities.

Attractions and Outdoors

Outdoor enthusiasts use Shelly as a base for prairie drives, wildlife watching, and year-round outdoor recreation like hunting and fishing in the surrounding countryside.
Open skies, vivid sunsets, and farm-to-table flavors define the area?s authentic northwest Minnesota experience.

Economy and Access

The local economy centers on crop production, ag services, and small enterprises that support farmers and travelers.
Regional highways connect Shelly to employment, healthcare, and shopping in places like Fargo-Moorhead and Crookston.
Whether you are relocating, visiting, or researching Shelly, MN, you will find a welcoming community rooted in resilience, practicality, and place.



FAQ – Home Values in Shelly

What is the median home value in Shelly in 2026?

In 2026, the typical home value in Shelly is about $281,400 for an average home size of 2205 square feet. This corresponds to an average price of roughly $128 per square foot.

What is the average cost per square foot in Shelly?

In 2026, homes in Shelly sell for an average of around $128 per square foot, with a typical range between $125 and $125 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Shelly is about 2205 square feet, with an estimated 2026 value around $281,400.



Locations close to Shelly, MN

Tintah, MN131 $ / ft²
Twin Valley, MN33 $ / ft²
Ulen, MN65 $ / ft²
Sabin, MN120 $ / ft²
Rothsay, MN75 $ / ft²
Rochert, MN109 $ / ft²
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