The 47720 housing market is very competitive. The median sale price of a home in 47720 was $233K last month, up 10.8% since last year. The median sale price per square foot in 47720 is $120, up 8.1% since last year.
In February 2025, 47720 home prices were up 10.8% compared to last year, selling for a median price of $233K. On average, homes in 47720 sell after 33 days on the market compared to 57 days last year. There were 16 homes sold in February this year, down from 24 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$232,500
+10.8% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
47720, IN
$232,500
+10.8%
United States
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How hot is the 47720 housing market?
47720 is very competitive. Homes sell in 18.5 days.
0
100
79
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% below list price and go pending in around 19 days.
Hot homes
can sell for around list price and go pending in around 3 days.
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 47720 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 47720.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
47720 has a minor risk of flooding. 773 properties in 47720 are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in 47720. Flood risk is increasing slower than the national average.
18% of properties are at risk of wildfire over the next 30 years
Fire Factor
47720 has a moderate risk of wildfire. There are 1,430 properties in 47720 that have some risk of being affected by wildfire over the next 30 years. This represents 18% of all properties in 47720.
65% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
47720 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 47720 is most at risk from hurricanes. 5,042 properties in 47720 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 64 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 68 mph.