The 47940 housing market is very competitive. The median sale price of a home in 47940 was $196K over the last 3 months, down 5.9% since the same period last year. The median sale price per square foot in 47940 is $160, up 56.9% since last year.
Over the three months ending July 2026, 47940 home prices were down 5.9% compared to the same period last year, selling for a median price of $196K. On average, homes in 47940 sell after 43 days on the market compared to 3 days last year. There were 6 homes sold in July this year, up from 6 last year.
$441K
Sale Price
+100.2% since last year
$160
Sale $/Sq. Ft.
+56.9% since last year
Under List Price
1.1%
Days on Market
5
Down Payment
—
Total Homes Sold
4
To compare other locations to the 47940 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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 47940 housing market?
47940 is very competitive. Homes sell in 5 days.
0
100
77
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 5 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 47940 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 47940.
Flood Factor
We’re working on getting current and accurate flood risk information
Fire Factor
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor
47940 has minimal risk of severe winds over the next 30 years
Heat Factor
We’re working on getting current and accurate heat risk information