Is Somerville, IN 47683 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Somerville 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 47683

Prefilled for 47683Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47683Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cynthiana 47612 $115 /sq ft Fort Branch 47648 $168 /sq ft Francisco 47649Seller’s market $129 /sq ft Griffin 47616 $117 /sq ft Browse all markets →

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