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BOURBON, IN 46504

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

Market Analysis

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

The BOURBON, IN real estate market (46504) currently shows 5 active listings, with 5 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 34 days on market compared to 78 days last year.

The median listing price has fallen 25.1% year-over-year, from $260,500 to $195,000.

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.

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Market Context

Market Context

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

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

Market Overview

Active Listings
5
⇧ 25% vs 4 last year
Pending
5
100% pending ratio
Median Price
$195,000
⇩ 25.1% vs $260,500 last year
Average Price
$194,875
⇩ 47.4% vs $370,133 last year
Days on Market
34
⇩ 56.4% vs 78 days last year

Price Per Square Foot

Median $/sqft
$162
⇩ 43% vs $284/sqft last year
Median Home Size
1,164 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 4 last year
  • Days on market: 34 now vs 78 last year

Median & Average Pricing

Year over Year
  • Median: $195,000 (-25.1% YoY)
  • Average: $194,875 (-47.4% 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 21.3 miles — 226 listings ($79,525,286 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46504Bourbon, IN 465040.0 mi6$1,128,000$189,500$188,000
46501Argos, IN 465018.9 mi9$4,430,772$486,950$492,308
46506Bremen, IN 4650611.6 mi13$5,762,926$327,500$443,302
46563Plymouth, IN 4656311.7 mi49$16,085,377$279,500$328,273
46582Warsaw, IN 4658213.5 mi24$8,900,256$350,000$370,844
46580Warsaw, IN 4658014.0 mi62$21,866,532$339,675$352,686
46538Leesburg, IN 4653814.9 mi13$6,384,365$440,500$491,105
46573Wakarusa, IN 4657316.7 mi2$694,000$347,000$347,000
46511Culver, IN 4651117.3 mi29$11,028,091$344,500$380,279
46510Claypool, IN 4651017.6 mi4$370,200$92,550$92,550
46910Akron, IN 4691018.0 mi4$692,500$177,125$173,125
46982Silver Lake, IN 4698220.5 mi8$1,499,992$182,450$187,499
46531Grovertown, IN 4653121.3 mi3$682,275$227,425$227,425

Frequently Asked Questions

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

As of March 2026, there are 5 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 $195,000 as of March 2026, a 25.1% decrease from $260,500 the prior year.

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

Homes in BOURBON, IN 46504 spend an average of 34 days on the market before going under contract, compared to 78 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 March 2026, BOURBON, IN 46504 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 34 days on market compared to 78 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 $3,900 compared to a typical 5% commission on the median listing price of $195,000. 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.