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MILROY, IN 46156

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MILROY, IN real estate market (46156) currently shows 4 active listings, with 1 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 47 days on market compared to 37 days last year.

The median listing price has fallen 62.5% year-over-year, from $668,900 to $251,150.

Whether you are buying or selling in MILROY, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,115  ·  Density: 10.7/mi²  ·  Median household income: $75,174

Typical home value: $124,885  ·  Homeownership: 82.1%

Market Overview

Active Listings
4
⇧ 300% vs 1 last year
Pending
1
25% pending ratio
Median Price
$251,150
⇩ 62.5% vs $668,900 last year
Average Price
$239,300
⇩ 58.7% vs $579,900 last year
Days on Market
47
⇧ 27% vs 37 days last year

Price Per Square Foot

Median $/sqft
$158
⇧ 6% vs $149/sqft last year
Median Home Size
1,410 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 1 last year
  • Days on market: 47 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $251,150 (-62.5% YoY)
  • Average: $239,300 (-58.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.5 miles — 253 listings ($60,544,341 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46156Milroy, IN 461560.0 mi4$669,800$159,950$167,450
46173Rushville, IN 461738.7 mi42$9,364,068$214,300$222,954
46182Waldron, IN 4618210.2 mi5$1,267,415$230,000$253,483
46104Arlington, IN 4610413.6 mi1$475,000$475,000$475,000
47263New Point, IN 4726314.6 mi1$164,900$164,900$164,900
46176Shelbyville, IN 4617615.9 mi89$25,451,330$274,973$285,970
47234Flat Rock, IN 4723417.1 mi10$2,631,390$262,450$263,139
46155Mays, IN 4615518.1 mi3$472,401$153,000$157,467
47030Metamora, IN 4703019.0 mi2$509,800$254,900$254,900
47331Connersville, IN 4733119.7 mi75$14,200,425$154,900$189,339
47244Hartsville, IN 4724421.9 mi1$110,950$110,950$110,950
47352Lewisville, IN 4735222.4 mi3$400,800$125,000$133,600
46148Knightstown, IN 4614822.5 mi17$4,826,062$268,650$283,886

Frequently Asked Questions

How many homes are for sale in MILROY, IN 46156?

As of March 2026, there are 4 active listings in MILROY, IN (zip code 46156), compared to 1 the prior year.

What is the median home price in MILROY, IN 46156?

The median listing price in MILROY, IN 46156 is $251,150 as of March 2026, a 62.5% decrease from $668,900 the prior year.

How long do homes stay on the market in MILROY, IN?

Homes in MILROY, IN 46156 spend an average of 47 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in MILROY, IN 46156?

Based on current inventory and days-on-market data as of March 2026, MILROY, IN 46156 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 47 days on market compared to 37 days last year.

How much can I save on real estate commission in MILROY, IN?

With SELL123.com's maximum 3% commission, sellers in MILROY, IN 46156 save an estimated $5,023 compared to a typical 5% commission on the median listing price of $251,150. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.