Is Rensselaer, IN 47978 a buyer’s or seller’s market?
Rensselaer is a seller’s market. With about 2.9 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score42/ 100
More competitive than 42% of U.S. ZIP codes, and #215 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply2.9Under 4 months = seller’s market
Sold above original list13.8%Share of sales, last 3 months
Median sale-to-list96.1%Sold price ÷ list price
Median days on market21Listing to accepted offer
Median price per sq ft$154▲ +16.3% vs. last year
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Nearby markets
Demotte 46310Seller’s market $179 /sq ftRemington 47977Buyer’s market $87 /sq ftWheatfield 46392Seller’s market $202 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology