Is Canaan, IN 47224 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

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

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

Run the numbers for 47224

Prefilled for 47224Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47224Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Deputy 47230Buyer’s market $129 /sq ft Dupont 47231Seller’s market $111 /sq ft Hanover 47243Balanced $181 /sq ft Lexington 47138Seller’s market $151 /sq ft Browse all markets →

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More tools for 47224

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

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