Call or Text (240) SELL-123

BOURBON, IN 46504

Real Estate Market Report  ·  Marshall County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
3
⇩ 25% vs 4 last year
Pending
1
33% pending ratio
Median Price
$217,500
⇩ 19.4% vs $269,900 last year
Average Price
$221,467
⇩ 45.5% vs $406,567 last year
Days on Market
93
⇧ 244.4% vs 27 days last year

Market Context

Population: 3,290  ·  Density: 19.1/mi²  ·  Median household income: $77,045

Typical home value: $160,516  ·  Homeownership: 82.1%

Market Analysis

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

The BOURBON, IN real estate market (46504) currently shows 3 active listings, with 1 pending sales. Homes are averaging 93 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 93 days on market compared to 27 days last year.

The median listing price has fallen 19.4% year-over-year, from $269,900 to $217,500.

Whether you are buying or selling in BOURBON, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for BOURBON, IN 46504 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 4 last year
  • Days on market: 93 now vs 27 last year

Median & Average Pricing

Year over Year
  • Median: $217,500 (-19.4% YoY)
  • Average: $221,467 (-45.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.3 miles — 295 listings ($124,934,783 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46504Bourbon, IN 465040.0 mi3$664,401$217,500$221,467
46501Argos, IN 465018.9 mi9$4,409,280$370,900$489,920
46506Bremen, IN 4650611.6 mi13$7,109,336$344,900$546,872
46563Plymouth, IN 4656311.7 mi43$14,436,519$299,000$335,733
46582Warsaw, IN 4658213.5 mi24$8,329,032$328,500$347,043
46580Warsaw, IN 4658014.0 mi59$22,460,710$306,450$380,690
46538Leesburg, IN 4653814.9 mi15$7,568,415$425,000$504,561
46590Winona Lake, IN 4659016.8 mi6$3,287,802$464,900$547,967
46975Rochester, IN 4697517.4 mi38$11,798,202$222,500$310,479
46536Lakeville, IN 4653617.6 mi8$2,647,464$292,900$330,933
46553New Paris, IN 4655318.3 mi14$5,640,404$341,950$402,886
46526Goshen, IN 4652621.0 mi36$11,092,248$304,000$308,118
46567Syracuse, IN 4656721.3 mi27$25,490,970$514,950$944,110

Frequently Asked Questions

How many homes are for sale in BOURBON, IN 46504?

As of January 2026, there are 3 active listings in BOURBON, IN (zip code 46504), compared to 4 the prior year.

What is the median home price in BOURBON, IN 46504?

The median listing price in BOURBON, IN 46504 is $217,500 as of January 2026, a 19.4% decrease from $269,900 the prior year.

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

Homes in BOURBON, IN 46504 spend an average of 93 days on the market before going under contract, compared to 27 days the prior year.

Is it a seller's or buyer's market in BOURBON, IN 46504?

Based on current inventory and days-on-market data as of January 2026, BOURBON, IN 46504 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 93 days on market compared to 27 days last year.

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

With SELL123.com's maximum 3% commission, sellers in BOURBON, IN 46504 save an estimated $4,350 compared to a typical 5% commission on the median listing price of $217,500. 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.