Is Patriot, IN 47038 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Patriot is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list91.8%Sold price ÷ list price

Median days on market85Listing to accepted offer

Median price per sq ft$152▲ +28.8% vs. last year

Run the numbers for 47038

Prefilled for 47038Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47038Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bennington 47011 $225 /sq ft Florence 47020Seller’s market $194 /sq ft Vevay 47043Seller’s market $144 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology