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FLAT ROCK, IN 47234

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

Market Analysis

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

The FLAT ROCK, IN real estate market (47234) currently shows 9 active listings, with 5 pending sales. Homes are averaging 56 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 56 days on market compared to 50 days last year.

The median listing price has risen 7.1% year-over-year, from $245,000 to $262,450.

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 Context

Market Context

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

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

Market Overview

Active Listings
9
⇧ 125% vs 4 last year
Pending
5
56% pending ratio
Median Price
$262,450
⇧ 7.1% vs $245,000 last year
Average Price
$247,757
⇩ 7.1% vs $266,667 last year
Days on Market
56
⇧ 12% vs 50 days last year

Price Per Square Foot

Median $/sqft
$179
⇧ 47.9% vs $121/sqft last year
Median Home Size
1,358 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 4 last year
  • Days on market: 56 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $262,450 (+7.1% YoY)
  • Average: $247,757 (-7.1% 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 21.0 miles — 323 listings ($108,648,075 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47234Flat Rock, IN 472340.0 mi10$2,631,390$262,450$263,139
46182Waldron, IN 461827.9 mi5$1,267,415$230,000$253,483
47226Clifford, IN 472268.4 mi1$210,000$210,000$210,000
46176Shelbyville, IN 4617610.4 mi89$25,451,330$274,973$285,970
47280Taylorsville, IN 4728011.2 mi3$560,850$186,950$186,950
46150Manilla, IN 4615014.8 mi1$45,000$45,000$45,000
47240Greensburg, IN 4724015.8 mi68$19,478,464$254,725$286,448
46156Milroy, IN 4615617.1 mi4$669,800$159,950$167,450
46126Fairland, IN 4612618.0 mi15$7,917,630$289,990$527,842
46164Nineveh, IN 4616419.6 mi42$19,305,888$399,900$459,664
46184Whiteland, IN 4618420.6 mi69$23,055,936$297,450$334,144
47273Scipio, IN 4727320.9 mi2$336,900$168,450$168,450
46181Trafalgar, IN 4618121.0 mi14$7,717,472$389,698$551,248

Frequently Asked Questions

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

As of March 2026, there are 9 active listings in FLAT ROCK, IN (zip code 47234), compared to 4 the prior year.

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

The median listing price in FLAT ROCK, IN 47234 is $262,450 as of March 2026, a 7.1% increase from $245,000 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 56 days on the market before going under contract, compared to 50 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 March 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 56 days on market compared to 50 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 $5,249 compared to a typical 5% commission on the median listing price of $262,450. 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.