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FLAT ROCK, IN 47234

Real Estate Market Report  ·  Shelby County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
7
⇧ 250% vs 2 last year
Pending
1
14% pending ratio
Median Price
$229,900
⇩ 39.5% vs $380,000 last year
Average Price
$270,580
⇩ 28.8% vs $380,000 last year
Days on Market
94
⇧ 54.1% vs 61 days last year

Market Context

Population: 1,612  ·  Density: 18.6/mi²  ·  Median household income: $76,936

Typical home value: $175,214  ·  Homeownership: 91.6%

Market Analysis

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

The FLAT ROCK, IN real estate market (47234) currently shows 7 active listings, with 1 pending sales. Homes are averaging 94 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 94 days on market compared to 61 days last year.

The median listing price has fallen 39.5% year-over-year, from $380,000 to $229,900.

Whether you are buying or selling in FLAT ROCK, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 2 last year
  • Days on market: 94 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $229,900 (-39.5% YoY)
  • Average: $270,580 (-28.8% 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 21.7 miles — 375 listings ($134,263,482 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47234Flat Rock, IN 472340.0 mi7$1,894,060$229,900$270,580
46182Waldron, IN 461827.9 mi5$1,380,940$267,475$276,188
46124Edinburgh, IN 461249.5 mi18$5,161,122$225,000$286,729
47203Columbus, IN 4720310.5 mi62$21,629,444$297,500$348,862
47244Hartsville, IN 4724411.5 mi2$234,000$117,000$117,000
46110Boggstown, IN 4611014.9 mi1$174,900$174,900$174,900
46131Franklin, IN 4613116.0 mi96$34,080,576$322,000$355,006
47283Westport, IN 4728317.3 mi8$1,875,600$216,850$234,450
47232Elizabethtown, IN 4723218.2 mi3$1,598,799$481,950$532,933
47201Columbus, IN 4720119.7 mi154$59,419,822$273,950$385,843
46161Morristown, IN 4616120.7 mi9$3,117,339$254,900$346,371
46130Fountaintown, IN 4613020.9 mi8$2,746,880$298,900$343,360
46104Arlington, IN 4610421.7 mi2$950,000$475,000$475,000

Frequently Asked Questions

How many homes are for sale in FLAT ROCK, IN 47234?

As of January 2026, there are 7 active listings in FLAT ROCK, IN (zip code 47234), compared to 2 the prior year.

What is the median home price in FLAT ROCK, IN 47234?

The median listing price in FLAT ROCK, IN 47234 is $229,900 as of January 2026, a 39.5% decrease from $380,000 the prior year.

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

Homes in FLAT ROCK, IN 47234 spend an average of 94 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in FLAT ROCK, IN 47234?

Based on current inventory and days-on-market data as of January 2026, FLAT ROCK, IN 47234 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 94 days on market compared to 61 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FLAT ROCK, IN 47234 save an estimated $4,598 compared to a typical 5% commission on the median listing price of $229,900. 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.