Is Norman, IN 47264 a buyer’s or seller’s market?

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

Norman is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.8Under 4 months = seller’s market

Sold above original list50%Share of sales, last 3 months

Median sale-to-list98.6%Sold price ÷ list price

Median days on market39Listing to accepted offer

Median price per sq ft$239

Run the numbers for 47264

Prefilled for 47264Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47264Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Brownstown 47220Seller’s market $106 /sq ft Crothersville 47229Seller’s market $128 /sq ft Freetown 47235Balanced $182 /sq ft Medora 47260Buyer’s market $102 /sq ft Browse all markets →

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