47387, IN Housing Market

Homes for sale

The median sale price of a home in 47387 was $550K over the last 3 months, up 94.1% since the same period last year. The median sale price per square foot in 47387 is $315, up 207.3% since last year.

Trends
Demand
Schools
Climate

47387 Housing Market Trends

What is the housing market like in 47387 today?

Over the three months ending March 2026, 47387 home prices were up 94.1% compared to the same period last year, selling for a median price of $550K. On average, homes in 47387 sell after 102 days on the market compared to 140 days last year. There were 1 homes sold in March this year, down from 3 last year.

$550K

Sale Price

+94.1%
since last year

$315

Sale $/Sq. Ft.

+207.3%
since last year

Under List Price

8.3%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the 47387 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Indiana add value to a home.

View houses in 47387 that sold recently

Recently sold homes

SOLD JUL 20, 2026
$280,000 Last Sold Price
—beds
—baths
—sq ft
6151 S County Road 100 E, New Castle, IN 47362
List Price
$285,000
Sale to List
2% under list
Days on Market
40 days
6151 S County Road 100 E, New Castle, IN 47362

Schools in 47387

Learn about schools in the 47387 area

Elementary
Middle
High

GreatSchools Rating

5/10

Tri-Elementary School

Public • K-5

358

Students

N/A

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on 47387 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 47387.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

80% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for 47387

Nearby Zip Code Housing Markets

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Henry County Housing Market

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